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.
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Budgetary Control Systems
Planning and control framework.
Budgetary control systems.
Responsibility accounting.
Budgetary approaches.
Behavioural aspects of budgeting.
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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.
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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.
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SETU Carlow Campus reserves the right to alter the nature and timings of assessment
Module Resources
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Recommended Book Resources |
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Colin Drury and Mike Tayles. (2021), Management and Cost Accounting, 11. 26, Cengage Learning, [ISBN: 9781473773615].
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Supplementary Book Resources |
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Tom Groot, Frank Selto. (2013), Advanced Management Accounting, 1st Ed. 12, Pearson, p.472, [ISBN: 9780273730187].
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Kaplan Publishing. (2020), ACCA Performance Management (PM), Kaplan Publishing, [ISBN: CLSF5J19].
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Peter Clarke. (2016), Managerial Accounting: Costing, Decision-Making and Control, 3rd Ed. 16, Chartered Accountants Ireland, [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. Drury On-Line Resources, Colin Drury,
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, CIMA. Research and Insights,
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