Gwybodaeth Modiwlau

Module Identifier
Module Title
Management Accounting 2
Academic Year
Semester 1 (Taught over 2 semesters)
Also available in

Course Delivery

Delivery Type Delivery length / details
Lecture 22 x 1 Hour Lectures
Seminar 6 x 1 Hour Seminars
Lecture 22 x 2 Hour Lectures


Assessment Type Assessment length / details Proportion
Semester Exam 3 Hours   Unseen written examination  70%
Semester Exam 1.5 Hours   Class Test  30%
Supplementary Exam 3 Hours   Unseen written examination  Repeat failed element  70%
Supplementary Exam 1.5 Hours   Test  Repeat failed element  30%

Learning Outcomes

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

  • Discuss and evaluate how costs are constructed via the organisation

* Analyse, select and calculate appropriate costing method in a given situation

* Discuss and evaluate how the choice of costing techniques can impact on accountability and performance measurement

* Explain and evaluate the behavioural aspects of management accounting

* Evaluate and analyse a decision scenario using an appropriate accounting technique

* Discuss and evaluate limitations of accounting techniques

* Evaluate and discuss the impact of working capital management

* Apply analytical techniques to managerial and financial problems


This module is a core module to the SMB N400 (Accounting and Finance), as well as all of the Accounting and Finance 'rajor? and 'rinor? schemes.

Further, the module contributes to the maintenance of (or is anticipated to contribute to the achievement of [further]) accreditation from professional accountancy bodies, including:

  • Institute of Chartered Accountants in England and Wales
  • Association of Chartered Certified Accountants
  • Chartered Institute of Management Accountants
  • Institute of Chartered Accountants of Scotland

Brief description

This module aims to build upon the foundation of part 1, deepening and extending knowledge of the key concepts and techniques of management accounting, and developing operational research models with application within the management accounting environment.

The module focuses upon aspects of accounting which support the exercise of management control and decision making. A thorough grounding in costing techniques will provide students with the necessary foundation for examination of accounting techniques appropriate to pricing and strategic decision making, cost management, planning and control.

Students will gain a thorough understanding of fundamental accounting techniques and their application. In analysing the uses and limitations of these techniques, students will draw on both theory and practice, and this will in turn support critical analysis of both specific accounting problems and the broader role of accounting.


1. Costing (lectures 1 – 10)
• Overhead and product cost – advanced techniques, effects and issues
• Cost accounting - job costing and process costing
• Joint cost problems

2. Working capital management (lectures 11-12)
• Inventory management

3. Budgeting (lectures 13-19)
• Standard cost budgets and advanced variance analysis
• Behavioural aspects of budgeting
• Alternative approaches to budgeting

4.Advanced costing (lectures 20-25)
• Activity based costing
• Critiques and alternative approaches to costing

5.Management Decision Making (lectures 25-36)
• Relevant cost analysis
• Pricing decisions
• Impact of non-linear cost behaviour
• Decisions under uncertainty
• Application of operations research techniques

Module Skills

Skills Type Skills details
Application of Number * Develop an easy familiarity with numerical data sources and numerical data * Apply numerical data to problem solving with care and accuracy * Assess the reasonableness of and interpret numerical solutions * Support assertions/arguments with appropriately developed and presented numerical data * Calculate and use descriptive statistics
Communication * Develop confidence and clarity of oral communication via example class/tutorial participation * Develop clarity and focus of written communication via development of answers to tutorial questions * Develop and use appropriate subject-specific vocabulary in oral and written communication
Improving own Learning and Performance * Identify and distil the key issues covered by lectures and tutorials * Identify and use a range of learning resources * Investigate benefits of small group working on tutorial preparation * Structure study to accommodate intensive learning
Information Technology * Use a variety of electronic web- and library-based resources to review available information and retrieve pertinent information * Use software (Excel) to complete elements of the tutorial questions (e.g., spreadsheets for ease of tabulated numerical calculations, production of summary statistics, production of graphs, etc.)
Personal Development and Career planning * Develop skills in management costing and decision making which are essential to the aspiring management accountant * Identify a variety of potential career routes within the accounting professional services sector
Problem solving * Identify the precise problem to be solved * Assess which data are pertinent to the problem * Recognize that alternative solution methods might be available * Apply analytical techniques to managerial and financial problems * Select and apply appropriate methods for solving the problem * Assess the reasonableness of problem solutions and interpret those solutions
Research skills * Develop basic information accessing and reaching skills * Properly reference/attribute information sources * Select the most pertinent information for retrieval * Retrieve information * Re-assess the pertinence and assess the credibility of retrieved information
Subject Specific Skills * Develop competence in understanding and appropriately applying investment/financial mathematics * Understand, analyze, interpret and synthesize between financial accounting, management accounting and market-based financial information * Make well-based financial recommendations and decisions * Bring financial analysis and decision making skills to the service of the business – in strategizing, marketing, operating, etc.
Team work * Develop experience of team work and develop team working skills via small group working on tutorial preparation


This module is at CQFW Level 6