Prerequisites for Module
None in addition to SCQF 11 entry requirment or equivalent
Corequisite Modules
None.
Precluded Modules
None.
Aims of Module
To develop knowledge and understanding of management accounting techniques used in supporting management in planning, controlling and monitoring performance in a variety of business contexts.
Learning Outcomes for Module
On completion of this module, students are expected to be able to:
| 1. |
Explain the nature, source and purpose of managment information.
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| 2. |
Explain and apply cost accounting techinques.
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| 3. |
Prepare budgets for planning and control.
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| 4. |
Compare actual costs with standard costs and analyse any variances.
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| 5. |
Explain and apply performance measurments and monitor business performance.
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Indicative Module Content
The nature of management accounting, sources and presentation of management accounting information and the classification of costs.
Costing techniques including absorption costing, variable costing and activity based costing. Methods of joint cost allocation and process costing.
| Budgeting including the nature and purpose of budgeting, budget preparation, flexible budgets, capital budgeting, budgetary control and reporting and the behavioural aspects of budgeting.
Standard costing systems, variance analysis and budget reconciliation.
Performance Measurement - purpose, techniques, monitoring and reporting.
Indicative Student Workload
Contact Hours
| Full Time | Assessment
| 3 | Lectures
| 24 | Tutorials/Seminars
| 12 |
Directed Study
| | Tutorial Preparation
| 36 |
Private Study
| | Private Study
| 75 |
Mode of Delivery
This is a lecture based course supplemented with tutorials and workshop sessions.
Assessment Plan
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Learning Outcomes Assessed
| | Component 1 | 1,2,3,4,5
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Component 1 is a closed book written exam.
Indicative Bibliography
| 1. | DRURY, C., 2021. Management and cost accounting. 11th ed. Andover: Cengage Learning.
| | 2. | HORNGREN, C., SUNDEM, G., BURGSTAHLER, D., SCHATZBERG, J., BATTISTA, D., 2014. <I>Introduction to Management Accounting </I>16th edition. Pearson Education Limited, Harlow, Essex.
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