Indicative Content |
Introduction to Cost and Management Accounting
The nature and role of cost and management accounting.
Financial, cost and management accounting compared.
Classification of costs.
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Accounting for Materials and Labour
Direct and indirect materials.
Materials control process and related documents.
Material pricing (FIFO, LIFO, weighted average).
Payroll procedures and control.
Labour remuneration methods including incentive schemes.
Direct and indirect wage analysis.
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Accounting for Overheads
Rationale for absorption costing.
Overhead absorption rates (plant-wide and departmental).
Allocation, apportionment and absorption into cost centres and cost units.
Apportionment of service departments and treatment of reciprocal services.
Under and over-absorption of overheads.
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Cost Accounts
Interlocking and integrated accounting systems.
Accounting for materials, labour and overheads.
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Costing Methods
Job and batch costing.
Principles of service costing.
Process costing including normal, abnormal losses/gains and work-in-progress.
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Module Resources
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Recommended Book Resources |
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Colin Drury and Mike Tayles. (2021), Management and Cost Accounting, 11th Ed. 26, Cengage Learning, [ISBN: 9781473773615].
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Supplementary Book Resources |
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Gail Sheppard. (2011), Management Accounting, A Practical Approach, 1st Ed. 12, Gill Education, p.300, [ISBN: 9780717149964].
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Peter Clarke. (2016), Managerial Accounting, Costing, Decision-Making and Control, 3rd. 16, Chartered Accountants Ireland, p.832, [ISBN: 9781910374672].
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This module does not have any article/paper resources |
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Other Resources |
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, Colin Drury. Student Resources,
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, CIMA. Research and Insight,
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