Module Details

Module Code: ACCT C2348
Module Title: Business Cost Accounting
Title: Business Cost Accounting
Module Level:: 6
Credits:: 5
Module Coordinator: Myles Kelly
Module Author:: Anita Kelly
Domains:  
Module Description: The aim of this module is to enable students to develop a knowledge and understanding of the role of cost accounting in business management, and the ability to select, analyse and apply costing techniques in typical business situations.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Define and explain the key terms, concepts and practices for costing products and apply that knowledge to practical examples.
LO2 Explain the traditional costing approach to absorbing overheads and apply this approach to practical business problems.
LO3 Comprehend and apply the activity based costing (ABC) approach when dealing with overheads. Evaluate ABC when compared to the traditional costing approach.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is recommended before enrolment in this module.
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Additional Requisite Information
No Co Requisites listed
 
Indicative Content
Introduction to Cost and Management Accounting
The functions of the Management Accountant; Elements of cost and cost classification; Financial and management accounting contrasted.
Accounting for Material and Labour
Stores procedures and documentation; Pricing stores issues (FIFO, LIFO, AVCO),Stores card; EOQ Model; Labour Costs, Inflated Wages.
Overheads Costs
Overhead absorption method using the traditional approach; Overhead analysis sheet; Blanket overhead absorption rates; Departmental overhead absorption rates; Calculation and interpretation of under absorption and over absorption; Absorption of non-production overheads.
Activity Based Costing (ABC)
Reasons for the development of ABC; Calculating and applying overheads to products using the ABC technique; Comparison of ABC and traditional overhead absorption methods.
Module Content & Assessment
Assessment Breakdown%
Continuous Assessment30.00%
End of Module Formal Examination70.00%

Assessments

Full Time

Continuous Assessment
Assessment Type Examination % of Total Mark 30
Timing Week 7 Learning Outcomes 1,2
Non-marked No
Assessment Description
Class Test
No Project
No Practical
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 70
Timing End-of-Semester Learning Outcomes 1,2,3
Non-marked No
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.

SETU Carlow Campus reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Workload Category Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact No Description Every Week 3.00 3
Independent Learning Non Contact No Description Every Week 6.00 6
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Workload Category Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact No Description Every Week 3.00 3
Independent Learning Non Contact No Description Every Week 6.00 6
Total Weekly Contact Hours 3.00
 
Module Resources
Recommended Book Resources
  • Gail Sheppard. (2011), Management Accounting, 1st. Gill & Macmillan Ltd, p.300, [ISBN: 9780717149964].
Supplementary Book Resources
  • Catherine Gowthorpe,. (2008), Management Accounting, 1st. Cengage Learning, [ISBN: 9781844802043].
  • COLIN. DRURY. Cost and Management Accounting, 9th. [ISBN: 9781473749054].
This module does not have any article/paper resources
Other Resources
Discussion Note: