Module Details

Module Code: ACCT C2349
Module Title: Business Management Accounting
Title: Business Management Accounting
Module Level:: 6
Credits:: 10
Module Coordinator: Martin Meagher
Module Author:: Mary Meehan
Domains:  
Module Description: The aim of this module is to enable students to develop a knowledge and understanding of the role of management accounting in business management, and the ability to select, analyse and apply management accounting 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, budgeting, and decision making.
LO2 Identify and apply appropriate management accounting techniques when presented with defined and undefined practical business problems.
LO3 Analyse and interpret results and outcomes within a management accounting framework and make recommendations.
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 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.
Cost Volume Profit Analysis
Distinction between fixed, variable and semi-fixed costs; Linear analysis of total cost using high low technique; Mathematical CVP techniques ; Practical applications of CVP analysis in decision-making; Limitations of CVP analysis.
Marginal and Absorption Costing Systems
Stock valuations and preparation of profit statements using both systems; Comparison of both systems.
Budgeting
The purpose of budgeting; The Budgeting process, including functional and cash budgets; Behavioural aspects of budgeting.
Module Content & Assessment
Assessment Breakdown%
Continuous Assessment40.00%
End of Module Formal Examination60.00%

Assessments

Full Time

Continuous Assessment
Assessment Type Examination % of Total Mark 20
Timing Week 5 Learning Outcomes 1,2,3
Non-marked No
Assessment Description
Class Test
Assessment Type Examination % of Total Mark 20
Timing Week 9 Learning Outcomes 1,2,3
Non-marked No
Assessment Description
Class Test
No Project
No Practical
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 60
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 6.00 6
Independent Learning Non Contact No Description Every Week 12.00 12
Total Weekly Contact Hours 6.00
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 15.00 15
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: