Module Details

Module Code: AGRI7002
Title: Agri Management Accounting
Long Title: Agri Management Accounting
NFQ Level: Intermediate
Valid From: Semester 1 - 2016/17 ( September 2016 )
Duration: 1 Semester
Credits: 5
Field of Study: 3440 - Accounting, Auditing and Accountability
Module Delivered in: 2 programme(s)
Module Description: This module provides the student with an introduction to costing, management accounting and managerial finance in the agriculture and horticulture sectors.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Examine the role of financial management in assisting management to carry out their functions in Agribusiness organisations.
LO2 Compile material cost calculations in different organisations.
LO3 Calculate labour cost and overhead apportionments.
LO4 Complete job and process accounts.
LO5 Analyse costs for cost volume profit purposes.
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
Types of cost
Introduction to costing and the role of financial management in an Agribusiness organisation, different definitions of cost, cost behaviour, splitting of semi variable costs
Cost compilation and costing methods
Cost compilation incorporating material cost control and pricing of stock in an Agribusiness organisation
Labour cost control
Calculation of wages, wages reports, labour turnover, wage determination, relevant taxes for an Agribusiness organisation
Overhead Cost Control
Collecting, recording, apportionment of overheads and calculation of overhead recovery rates for an Agribusiness organisation
Job and Process Costing
Calculation of job and process account costs, including material, labour and overhead costs, for an Agribusiness organisation
Cost volume profit analysis
Calculation of break even point, margin of safety, target profit calculations and sensitivity analysis for an Agribusiness organisation
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 8 Learning Outcomes 1,2,3
Assessment Description
A selection of short theory and calculation based questions
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 70
Timing End-of-Semester Learning Outcomes 1,2,3,4,5
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 with worked examples Every Week 4.00 4
Independent & Directed Learning (Non-contact) Non Contact Selected articles and practical exercises 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 Formal lectures with worked examples Every Week 2.00 2
Independent & Directed Learning (Non-contact) Non Contact Selected articles and practical exercises 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
  • Terry Lucey. (2009), Costing, 7th. Cengage Learning, [ISBN: 9781844809431].
Supplementary Book Resources
  • Colin Drury. (2015), Cost and Management Accounting, 8th. Cengage Learning, [ISBN: 9781408093887].
  • Pauline Weetman. (2010), Management Accounting, 2nd. Financial Times Prentice Hall, [ISBN: 9780273718451].
  • John R. Dyson. (2010), Accounting for non-accounting students, 8th. Financial Times Prentice Hall, [ISBN: 9780273722977].
Supplementary Article/Paper Resources
Other Resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BAGRI_7 Bachelor of Science in Agriculture 5 Mandatory
CR_BHORT_7 Bachelor of Science in Horticulture 5 Mandatory