Module Identifier AC30110  
Module Title MANAGEMENT ACCOUNTING 1: FUNDAMENTAL CONCEPTS  
Academic Year 2002/2003  
Co-ordinator Ms Jennifer R Lane  
Semester Semester 1  
Pre-Requisite AC10120  
Course delivery Lecture   16 Hours  
  Seminars / Tutorials   5 Hours  
Assessment Semester Exam   2 Hours   80%  
  Semester Assessment     20%  
  Supplementary Assessment   Students must repeat all failed elements of the module   100%  

Learning outcomes

On successful completion of the module students will understand how costs are constructed via the organisation and selection of costing information, and the application of costing techniques. Students will also have gained an understanding of the behavioural aspects of management accounting, in particular with respect to the purpose and impact of budgeting and control techniques within organisations.

Brief description

This module focuses on two aspects of accounting which support the exercise of management control:
· Costing
· Budgeting

Content

1 Management accounting as a control mechanism – behavioural considerations.
2 Cost classification
3 Costing – allocation of overheads using:
a. Absorption costing.
b. Marginal costing
c. Activity-based costing
4 Costing – job costing and process costing.
5 Effect of costing methods on stock valuation and profit.
6 Budgeting and control – organisational and behavioural considerations.

Reading Lists

Books
** Recommended Text
Drury, C. (2000) Management and Cost Accounting. 5th edition. International Thomson Business Press
** Supplementary Text
Lucey, T. (1996) Costing. 5th edition. DP Publications
Hirsch, M. (2000) Advanced Management Accounting. 2nd edition. International Thomson Business Press
Horngren, C; Bhimani A; Foster, G; Datar, M. (1999) Management and Cost Accounting. Prentice Hall