Module Details

Module Code: ACCT C2318
Module Title: Management Accounting 1
Title: Management Accounting 1
Module Level:: 7
Credits:: 5
Module Coordinator: Myles Kelly
Module Author:: Tracy Byrne
Domains: Business
Module Description: Management Accounting 1 builds on the techniques developed in Cost Accounting. The aim of this module is to enable students to develop a knowledge and understanding of the role of cost and management accounting in short-term business decision-making, planning and control and the ability to select, apply and analyse cost and management accounting techniques in typical business situations.
The depth and breadth of module content and assessment are designed to gain maximum exemptions from professional accountancy bodies, appropriate to a B.A. (Honours) in Accounting program.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Define and explain the key management accounting terms, concepts and practices for business decision-making, planning and control.
LO2 Identify and apply appropriate cost and 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.
LO4 Critically examine the tools and techniques that are used in the area of management accounting.
LO5 Develop practical work-based skills through the practical application of management accounting techniques in excel.
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 Marginal Costing
Cost behaviour. High-low linear regression technique. Breakeven analysis including break-even point, margin of safety, contribution margin, profit-volume analysis. Graphical CVP analysis. Limiting factor decisions. Limitations of CVP analysis. Practical excel application.
Marginal and Absorption Costing Systems
Stock valuation and preparation of profit statements using both systems. Comparison and reconciliation of profits under both systems. Both systems compared. Practical excel application.
Budgeting
Role and purposes of budgeting. Conflicting role of budgets. Budgeting administration and procedures. Preparation of functional, cash and financial position budget statements. Criticisms of budgeting. Practical excel application.
Budgetary Control
Flexible budgeting. Flexible budgeting variance analysis and interpretation. Standard costing. Standard costing variance analysis and interpretation. Performance reports. Practical excel application.
Module Content & Assessment
Assessment Breakdown%
Practical20.00%
End of Module Formal Examination80.00%

Assessments

Full Time

No Continuous Assessment
No Project
Practical
Assessment Type Practical/Skills Evaluation % of Total Mark 20
Timing Week 12 Learning Outcomes 2,3,5
Non-marked No
Assessment Description
Management Accounting Techniques Using Excel
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 80
Timing End-of-Semester Learning Outcomes 1,2,3,4
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 4.00 4
Practicals Contact No Description Every Week 1.00 1
Independent Learning Time Non Contact No Description Every Week 4.00 4
Total Weekly Contact Hours 5.00
Workload: Part Time
Workload Type Workload Category Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact No Description Every Week 2.00 2
Practicals Contact No Description Every Week 0.50 0.5
Independent Learning Time Non Contact No Description Every Week 6.50 6.5
Total Weekly Contact Hours 2.50
 
Module Resources
Recommended Book Resources
  • Colin Drury and Mike Tayles. (2021), Management and Cost Accounting, 11th Ed. 26, Cengage Learning, [ISBN: 9781473773615].
Supplementary Book Resources
  • Gail Sheppard. (2011), Management Accounting, A Practical Approach, 1st Ed. 12, Gill Education, p.300, [ISBN: 9780717149964].
  • Peter Clarke. (2016), Managerial Accounting: Costing, Decision-Making and Control, 3rd Ed. 16, Chartered Accountants Ireland, [ISBN: 9781910374672].
This module does not have any article/paper resources
Other Resources
Discussion Note: