Module Details

Module Code: ACCT6004
Title: Cost & Management Accounting
Long Title: Cost & Management Accounting
NFQ Level: Fundamental
Valid From: Semester 1 - 2016/17 ( September 2016 )
Duration: 1 Semester
Credits: 5
Field of Study: 3440 - Accounting, Auditing and Accountability
Module Delivered in: 5 programme(s)
Module Description: This module will allow students to assist management in decision making. It will enable students to provide the relevant information for volume decisions, budgeting and standard setting.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Describe cost behaviour.
LO2 Explain the budgeting process and prepare the cash budget.
LO3 Discuss the concepts of setting standards and prepare exception reports.
LO4 Evaluate the role of costing in decision making
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
Cost Behaviour
Differentiating between variable, semi variable and fixed costs, the concept of breakeven, margin of safety and their limitations.
Budgeting
The budget process and its role in management, cash budgets.
Standard Costing
The setting of standards and the calculation of variances, the preparation of exception reports and the study of the behavioural aspects of variances.
Relevant Costing
Costing to help managers make decisions in circumstances of limiting resources and make or buy decisions
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 7 Learning Outcomes 1,2
Assessment Description
Theory and practice of budgeting and cost behaviour
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 Formal lectures Every Week 3.00 3
Independent & Directed Learning (Non-contact) Non Contact Published articles and research. 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 lecture Every Week 2.00 2
Directed Learning Non Contact Self study & reading 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
  • Pauline Weetman. (2010), Management Accounting, Financial Times/Prentice Hall, p.566, [ISBN: 9780273718413].
  • CIMA. (2015), Fundamentals of Management Accounting, Kaplan Publishing, [ISBN: 978-071714996].
Supplementary Book Resources
  • Gail Sheppard. (2011), Management Accounting: A practical Approach, Gill and MacMillian, [ISBN: 717149964].
This module does not have any article/paper resources
This module does not have any other resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BBUSS_7 Bachelor of Business 3 Group Elective 3
CR_BACCT_8 Bachelor of Business (Honours) in Accounting 2 Mandatory
CR_BACCT_7 Bachelor of Business in Accounting 2 Mandatory
CR_BBUSS_6 Higher Certificate in Business 3 Elective
CR_BACCT_6 Higher Certificate in Business in Accounting 2 Mandatory