Module Details

Module Code: ACCT7002
Title: Advanced Management Accounting
Long Title: Advanced Management Accounting
NFQ Level: Intermediate
Valid From: Semester 1 - 2024/25 ( September 2024 )
Duration: 1 Semester
Credits: 5
Field of Study: 3440 - Accounting, Auditing and Accountability
Module Delivered in: 2 programme(s)
Module Description: This module examines the techniques used by the management accountant in the processes of planning and control within the organisation and the techniques used to evaluate the performance of products / divisions / organisation as a whole.
 
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 the management accountant in budgeting, control and performance evaluation.
LO2 Recognise the limitations of the management accounting theory and techniques.
LO3 Apply the specialised technical skills required by the management accountant in budgeting, control and performance evaluation.
LO4 Analyse the financial factors and determine the non-financial / qualitative factors when reporting to management.
LO5 Provide reports on planning, control and performance evaluation.
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
13514 ACCT7001 Management Accounting
19841 ACCT7002 Advanced 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 Planning, Controlling and Performance Evaluation team
The role of the management accountant and the management accounting information system in the planning, controlling and performance evaluation processes. The management accountant as part of the managerial team.
Planning
The budgeting concept, budgetary behaviour, importance of budgeting. How the budget fits into the strategic objectives of the organisation. Budget setting. Preparation of the Master Budget, including the income statement budget and cash flow budget. Modern budgetary techniques. Use of IT and in particular the internet/intranet in budgeting.
Budgetary Control Systems
Revision of flexing the budget for planning and control and standard costing and basic variances. Advanced variance analysis and reports. Mix and Yield variances. Appreciation and interpretation of variances reconciling actual to budgeted performance. Variances in the service sector.
Performance Measurement
Responsibility accounting, measuring divisional performance, transfer pricing, financial and non-financial performance measures.
Introduction to Modern Developments
For example: The importance on non-financial measures of performance in modern organisations. The role of IT in providing reports. Emerging philosophies in management and manufacturing, e.g. world class manufacturing, just-in-time (JIT), supply chain management.
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 3,4
Assessment Description
Examination of preparation of annual budget (including functional budgets, budgeted P or L, cash budget, flexible budget and advanced variances) and advanced variance analysis.
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 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 the continuous assessment and the final assessment. 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 application Every Week 2.00 2
Independent & Directed Learning (Non-contact) Non Contact Reviewing notes and recommended readings. Trying examples themselves. Preparation of material for lectures. Preparation for the 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
  • Mike Tayles, Colin Drury. Management and Cost Accounting, 12th Edition. Cengage Learning, [ISBN: 978-1-4737-9124-4].
Supplementary Book Resources
  • Peter Atrill, Eddie McLaney. (2021), Management Accounting for Decision Makers, Pearson, p.605, [ISBN: 978-1292349459].
This module does not have any article/paper resources
Other Resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BACCT_8 Bachelor of Business (Honours) in Accounting 5 Mandatory
CR_BACCT_7 Bachelor of Business in Accounting 5 Mandatory