Module Details

Module Code: ACCT H3301
Module Title: Management Accounting 2 for Accounting Degree Students
Title: Management Accounting 2
Module Level:: 8
Credits:: 5
Module Coordinator: Martin Meagher
Module Author:: Tracy Byrne
Domains:  
Module Description: Management Accounting 2 builds on the techniques developed in Cost Accounting and Management Accounting 1.

This module aims to further develop student’s ability to apply management and cost accounting techniques to short-term business decision-making and the modern business environment and will develop analytical skills and the ability to make judgments and recommendations in a range of management accounting 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 cost accounting, short-term decision-making and the effects of the modern business environment on management accounting practices.
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.
LO4 Critically examine the tools, techniques and practices 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
Cost Estimation Techniques
Linear regression techniques including high-low, scattergraph and least squares. Learning curve theory and application. Practical excel application.
Relevant Costs and Revenue in Decision-Making
The decision process. Applying relevant costs in typical short-run decisions. Optimal use of multiple scare resources using linear programming techniques. Qualitative issues in decision-making. Practical excel application.
Activity-Based Costing
Reasons for emergence of ABC. Absorption into cost centres and cost units. Traditional absorption versus ABC. ABC in service organisations. Activity-based cost management. Practical excel application.
Pricing Decisions and Customer Profitability Analysis
Role of cost information in pricing decisions. Factors that influence pricing decisions. Economic theory. Cost-plus pricing. Target costing. Different pricing strategies. Product and customer profitability analysis. Practical excel application.
Modern Environment
The historical development of management accounting. The changing role of the management accountant in a modern business environment. Recent developments in management accounting thinking and practice, including big data, information systems, emerging and disruptive technologies, environmental management accounting, continuous improvement concepts, ethical issues, life cycle costing and beyond budgeting.
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 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
  • Tom Groot, Frank Selto. (2013), Advanced Management Accounting, 1st Ed. 12, Pearson, p.451, [ISBN: 9780273730187].
  • Kaplan Publishing. (2020), ACCA Performance Management (PM), Kaplan Publishing, [ISBN: CLSF5J19].
  • 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: