Module Identifier AC30110  
Module Title MANAGEMENT ACCOUNTING 1: FUNDAMENTAL CONCEPTS  
Academic Year 2003/2004  
Co-ordinator Ms Jennifer R Lane  
Semester Semester 1  
Pre-Requisite AC10120  
Course delivery Lecture   16 Hours  
  Seminars / Tutorials   5 Hours  
Assessment
Assessment TypeAssessment Length/DetailsProportion
Semester Exam2 Hours  80%
Semester Assessment  20%
Supplementary Exam3 Hours  100%

Learning outcomes

On successful completion of this module students should be able to:


Brief description

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

Content

1. Management accounting as a control mechanism ? behavioural considerations.
2. Cost classification.
3. Costing ? dealing with overheads using:
   a. Absorption costing.
   b. Marginal costing
   c. Activity-based costing
4. Cost accounting ? job costing and process costing.
5. Effect of costing methods on stock valuation and profit.
6. Aspects of performance management.

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
Horngren, C; Bhimani A; Foster, G; Datar, M (1999) Management and Cost Accounting Prentice Hall

Notes

This module is at CQFW Level 6