Module Details

Module Code: ACCT C3310
Module Title: Advanced Management Accounting
Title: Advanced Management Accounting
Module Level:: 8
Credits:: 5
Module Coordinator: Myles Kelly
Module Author:: Tracy Byrne
Domains: Business
Module Description: Advanced Management Accounting builds on the techniques developed in Cost Accounting and in Management Accounting 1 and 2. This module will evaluate and apply the principles of decision-making including risk and uncertainty, budgetary control systems and performance measurement systems.

It aims to develop student’s ability to apply advanced management accounting techniques to the modern business environment and will develop analytical skills and the ability to make judgments and recommendations in a range of advanced 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 terms, concepts and practices for business decision-making incorporating risk and uncertainty, budgetary control systems and performance appraisal.
LO2 Identify and apply appropriate advanced management accounting techniques when presented with defined and undefined practical business problems.
LO3 Analyse and interpret results and outcomes within an advanced management accounting framework and make recommendations.
LO4 Critically examine the tools and techniques that are used in the area of advanced management accounting.
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
Decision-Making Under Conditions of Risk and Uncertainty
Decision makers attitude to risk. Risk techniques including maxi-min, maxi-max, regret criteria and sensitivity analysis. Probability analysis in decision-making. Decision trees.
Budgetary Control Systems
Planning and control framework. Budgetary control systems. Responsibility accounting. Budgetary approaches. Behavioural aspects of budgeting.
Advanced Standard Costing and Variance Analysis
Material mix and yield. Sales quantity, sales mix, market size and market share. Fixed overhead capacity and efficiency. Planning and operational variances. Interpretation and investigation of variances. Criticisms of standard costing in the modern environment. Future role of standard costing.
Divisional Performance Appraisal and Transfer Pricing
Functional and divisional structures. Difference between managerial and divisional performance. Return on investment and residual income. Non-financial performance measures. Balanced scorecard. Transfer pricing objectives. Cost-based, market-based and negotiated transfer prices. Calculations and behavioural considerations.
Module Content & Assessment
Assessment Breakdown%
End of Module Formal Examination100.00%

Assessments

Full Time

Continuous Assessment
Assessment Type Other % of Total Mark 0
Timing Week 6 Learning Outcomes 1,2,3,4
Non-marked No
Assessment Description
Formative Assessments including MCQ's / Short Numerical Answer Questions / Progress Tests
Assessment Type Other % of Total Mark 0
Timing Week 10 Learning Outcomes 1,2,3,4
Non-marked No
Assessment Description
Formative Assessments including MCQs / Short Numerical Answer Questions / Progress Tests
No Project
No Practical
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 100
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
Independent Learning Non Contact No Description Every Week 5.00 5
Total Weekly Contact Hours 4.00
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
Independent Learning Time Non Contact No Description Every Week 7.00 7
Total Weekly Contact Hours 2.00
 
Module Resources
Recommended Book Resources
  • Colin Drury and Mike Tayles. (2021), Management and Cost Accounting, 11. 26, Cengage Learning, [ISBN: 9781473773615].
Supplementary Book Resources
  • Tom Groot, Frank Selto. (2013), Advanced Management Accounting, 1st Ed. 12, Pearson, p.472, [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: