Module: Management Accounting

Module details

  • Module code

    3040
  • Module leader

    Ayodeji Owoeye
  • Module Level

    6
  • Module credits

    15
  • Min study time

    150 hours
  • Contact hrs

    30 hours
  • Teaching Period

    Semester 2

Module content

  • Uses of managerial accounting and its objectives.
  • Cost behaviour and categorisation. Cost-volume-profit relationships.
  • Traditional product costing vs. activity-based product costing.
  • Relevant information and decision-making.
  • Preparing the master budget.
  • Flexible budgets and variance analysis.
  • Job-costing of products and services.

Module outcomes

To achieve credit for this module, students must be able to:

  1. Analyse costs and prepare Profit and Loss statements using contribution margin format and activity-based costing.
  2. Distinguish between relevant and irrelevant information in making managerial decisions.
  3. Understand the budget process and prepare a master budget, flexible budget, and perform variance analysis within a managerial accounting system.
  4. Determine product and service costs using both job costing and process costing.

Assessment

Assessment Description Weighting
Coursework 3000 word report and 10-15 minute presentation of findings 100%

Key texts

Students should be familiar with the content of the following:

  • Weetman, P. (2011). Financial and Management Accounting, 5E. Financial Times Press (Pearson Education).

Supporting texts

  • Bhimani, Horngren, Sundem, Stratton, Schatzberg and Burgstahler. (2012). Introduction to Management, 1E. Pearson Education.
  • Bhimani and Horngren. (2008). Management and Cost Accounting. (4th edition). Pearson Education.