AC30110 - MANAGEMENT ACCOUNTING 1: FUNDAMENTAL CONCEPTS

Module Identifier

AC30110

Module Title

MANAGEMENT ACCOUNTING 1: FUNDAMENTAL CONCEPTS

Academic Year

2005/2006

Co-ordinator

Ms Jennifer R Lane

Semester

Intended for use in future years

Next year offered

N/A

Next semester offered

N/A

Pre-Requisite

AC10120

Course delivery

Lecture

Seminars / Tutorials

Assessment

Assessment Type	Assessment Length/Details	Proportion
Semester Exam	2 Hours	80%
Semester Assessment		20%
Supplementary Exam	3 Hours	100%

Learning outcomes

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

understand how costs are constructed via the organisation and selection of costing information, and the application of costing techniques for accounting and performance management,

students will also have gained an understanding of some of the behavioural aspects of management accounting.

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