Fundamentals of Management Accounting

Learning Outcomes

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• Critically evaluate the role of management accounting as a facet of organisational control;
• Identify information that is relevant to decision-making and critically assess the available options in complex context.;
• Discuss the significance of the development of management accounting approaches and techniques;
• Discuss the links between management accounting and the strategic decision-making in organisations.

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

• the selected advanced management accounting techniques and their implications.
• the relevance of management accounting approaches and techniques in different contextual and organisational settings;
• the fundamentals of, and assumptions underlying management accounting practice;

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• Communicate complex ideas and arguments fluently and effectively.

Topics covered will include (although not necessarily be restricted to):

• Introduction to management accounting;
• Relevant costs and revenue for decision making;
• Management accounting for operational decision-making;
• Management accounting for strategic decision-making;

Management control systems.

• Traditional style lectures will be used to outline the key area of the syllabus;
• Seminars will take place throughout the module to re-enforce the topics that have been covered in the lectures.

Formative

This is how we’ll give you feedback as you are learning. It is not a formal test or exam.

Mock Examination

• Assessment Type: Formative
• Feedback: Practice MCT and exam questions are given with feedback provided in class and offered individually.
• Final Assessment: No
• Group Work: No

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.