Module Details

Module Code: ACCT7001
Title: Management Accounting
Long Title: Management Accounting
NFQ Level: Intermediate
Valid From: Semester 1 - 2018/19 ( September 2018 )
Duration: 1 Semester
Credits: 5
Field of Study: 3440 - Accounting, Auditing and Accountability
Module Delivered in: 7 programme(s)
Module Description: This module examines the role of the management accountant in the decision-making team of a modern organisation. It gives the student the theories and techniques required to make a valuable contribution to short-term and long-term decision making within an organisation.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Describe and apply the main theories and techniques that underpin the role of management accounting and the management accounting information system in decision-making
LO2 Apply the specialised technical skills required by the management accountant in the decision-making process
LO3 Analyse the financial factors and determine the non-financial / qualitative factors when reporting to management
LO4 Prepare reports on decision-making which will facilitate management in carrying out its function
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named MTU module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
7898 ACCT6002 Cost Accounting
11222 ACCT6004 Cost & Management Accounting
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements

This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.
No requirements listed
 
Indicative Content
Management Accountant as part of the Decision-Making Team
The role of the management accountant and the management accounting information system in the decision-making process. The management accountant as part of the managerial team. Possible ethical issues.
Break-Even Analysis
Revision of Cost Behaviour patterns, Cost-Volume-Profit Analysis and Break-even Analysis. Operating Leverage.
Costing and Pricing Decisions
Revision of traditional costing techniques and Activity Based Costing (ABC). Decisions made in relation to ABC. Marginal and full-cost pricing. Price Elasticity. Market influences. Relevant costing for pricing
Short-Term Decision Making
Solve complex business problems such as make-or-buy, sell-or-process-further, continue-or-closedown, best use of limiting factors.
Long-Term Decision Making
Investment appraisal - Payback, Net Present Value, Internal Rate of Return, Profitability Index, Asset Replacement. Long-term budgeting. Uncertainty and risk.
Module Content & Assessment
Assessment Breakdown%
Coursework30.00%
End of Module Formal Examination70.00%

Assessments

Coursework
Assessment Type Short Answer Questions % of Total Mark 30
Timing Week 6 Learning Outcomes 1,2
Assessment Description
In class exam using short answer questions
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 70
Timing End-of-Semester Learning Outcomes 1,2,3,4
Assessment Description
End-of-Semester Final Examination
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

The University reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Lecture and practical demonstration. Every Week 4.00 4
Independent & Directed Learning (Non-contact) Non Contact Reviewing notes and recommended readings. Trying examples themselves. Preparation of material for tutorials and lectures. Preparation for assessments. Every Week 3.00 3
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 4.00
Workload: Part Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Lecture and practical demonstration Every Week 2.00 2
Independent & Directed Learning (Non-contact) Non Contact Reviewing notes and recommended readings. Trying examples themselves. Preparation of material for tutorials and lectures. Preparation for assessments. Every Week 5.00 5
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 2.00
 
Module Resources
Recommended Book Resources
  • Weetman, Pauline. (2010), Management Accounting, 2nd. Pearson Education, England, [ISBN: 273701991].
Supplementary Book Resources
  • Seal, Rohde, Garrison and Noreen. (2014), Management Accounting, 5th. McGraw Hill, England, [ISBN: 0077157508].
  • Drury, Colin. (2015), Cost and Management Accounting, 9. Centage Learning, England, [ISBN: 480893931].
This module does not have any article/paper resources
Other Resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BBUSS_7 Bachelor of Business 4 Group Elective 3
CR_BACCT_8 Bachelor of Business (Honours) in Accounting 4 Mandatory
CR_BACCT_8 Bachelor of Business (Honours) in Accounting 6 Group Elective 4
CR_BACCT_7 Bachelor of Business in Accounting 6 Group Elective 4
CR_BACCT_7 Bachelor of Business in Accounting 4 Mandatory
CR_BBUSS_6 Higher Certificate in Business 4 Elective
CR_BACCT_6 Higher Certificate in Business in Accounting 4 Mandatory