Module Details

Module Code: ACCT6025
Title: Managerial Accounting
Long Title: Managerial Accounting
NFQ Level: Fundamental
Valid From: Semester 1 - 2021/22 ( September 2021 )
Duration: 1 Semester
Credits: 5
Field of Study: 3440 - Accounting, Auditing and Accountability
Module Delivered in: 1 programme(s)
Module Description: This module introduces business students with a particular interest in IS / IT to Management Accounting. The module outlines many of the important tools used by the modern management accountant while placing an emphasis on IS & IT developments in management accounting.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Describe the role of the management accountant and IS / IT developments therein.
LO2 Describe basic cost behaviour and apply this knowledge to improve short-term decision making.
LO3 Explain the concept of Break Even Analysis and apply this knowledge to relevant scenarios.
LO4 Explain the concept of overheads and perform a detailed overhead analysis of a company.
LO5 Describe pricing methods.
LO6 Explain standard costing and variances.
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).
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
The Role of the Management Accountant in an Organisation
An introduction to the role of the management accountant in an organisation. The uses and users of management accounting information. The impact of IS / IT on management accounting and future developments in management accounting. The impact of Shared Services on the modern management accountant.
Cost Types and Cost Behaviour
Types of costs and cost behaviour patterns. Distinguishing cost types using the high low method.
Cost, Volume, Profit Analysis (C.V.P. Analysis).
Cost Volume Profit (C.V.P.) and Break Even Analysis. Using these techniques to solve business problems, guide decision making and aid analysis.
Overheads Analysis
Total Cost vs. Marginal Cost. Overheads Absorption Costing. Using Overheads Analysis to aid cost control and analysis. Activity Based Costing as an alternative to absorption costing.
Pricing
Price elasticity of demand. Pricing methods - cost-plus pricing, profit maximising pricing, market penetration, market skimming and price discrimination.
Standard Costing and Variances
An introduction to functional budgets and standard costing. Basic price and usage variances analysis for materials, labour and overheads.
Module Content & Assessment
Assessment Breakdown%
Coursework100.00%

Assessments

Coursework
Assessment Type Short Answer Questions % of Total Mark 20
Timing Week 4 Learning Outcomes 1,2
Assessment Description
In class exam
Assessment Type Short Answer Questions % of Total Mark 20
Timing Week 6 Learning Outcomes 3
Assessment Description
In class exam
Assessment Type Short Answer Questions % of Total Mark 10
Timing Week 8 Learning Outcomes 4
Assessment Description
In class exam
Assessment Type Short Answer Questions % of Total Mark 20
Timing Week 10 Learning Outcomes 5
Assessment Description
In class exam
Assessment Type Short Answer Questions % of Total Mark 30
Timing Week 13 Learning Outcomes 6
Assessment Description
In class exam
No End of Module Formal 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 Formal lectures with worked examples Every Week 3.00 3
Independent & Directed Learning (Non-contact) Non Contact Computational examples, student research and study. Every Week 4.00 4
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Formal lectures with worked examples Every Week 1.50 1.5
Independent & Directed Learning (Non-contact) Non Contact Computational examples, student research and study. Every Week 5.50 5.5
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 1.50
 
Module Resources
Recommended Book Resources
  • Peter Atrill & Eddie McLaney. (2018), Management Accounting For Decision Makers, 9th. Pearson, [ISBN: 9781292204574].
Recommended Article/Paper Resources
  • Sylvia Dempsey & Ruth Vance. (2006), Advances in Information Technology Enhancing the Profile of the Management Accountant.
Other Resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BBISY_8 Bachelor of Business (Honours) in Information Systems 3 Mandatory