Indicative Content |
Introduction:
The technology manager and management accounting.
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Financial Analysis:
Financial statements; Comprehend, prepare and analyse a set of financial statements for both a sole trader and a company; Interpretation of financial statements.
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The Behaviour of Costs:
Direct and indirect costs; Fixed and variable costs; Costing methods; Difference between marginal costing and absorption costing systems; Arguments for and against marginal and absorption costing; Application of absorption and marginal costing.
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Budgeting:
Purposes and benefits of budgeting; The budget setting process; Preparation of budgets; The interrelationship of various budgets; Cash budgets.
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The Nature of Investment Decisions:
Capital budgeting; Identifying relevant cash-flows; Time-value of money; Methods of investment appraisal; Investment decisions in practice; Comparison of the two key appraised techniques: Net present value and internal rate of return.
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Decision Making:
Typical business decisions - quantitative and qualitative factors; Break-even analysis; Margin of safety; Break-even analysis assumptions; Application of break-even analysis to business decisions.
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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. (2017), Management and Cost Accounting, 10th. [ISBN: 1-4737-4887-9].
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John R. Dyson. (2010), Accounting for non-accounting students, 8th. Prentice Hall, Essex, UK, [ISBN: 0-273-72297-7].
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Peter Atrill & Eddie McLaney. (2018), Management Accounting for Decision Makers, 9th. Pearson, UK, [ISBN: 9781292204574].
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Frank Wood & Alan Sangster. (2018), Business Accounting 1, 14th. Pearson, UK, [ISBN: 1292208626].
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Eddie McLaney & Peter Atrill. (2012), Accounting an Introduction, 6th. Pearson, UK, [ISBN: 0-273-77183-8].
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Pauline Weetman. (2010), Management Accounting, 2nd. Prentice Hall, England, [ISBN: 0-273-71845-1].
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This module does not have any article/paper resources |
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This module does not have any other resources |
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