Module Information
Module Identifier
AC30110
Module Title
MANAGEMENT ACCOUNTING 1: FUNDAMENTAL CONCEPTS
Academic Year
2008/2009
Co-ordinator
Semester
Intended for use in future years
Pre-Requisite
AC10120
Course Delivery
| Delivery Type | Delivery length / details |
|---|---|
| Lecture | 16 Hours. |
| Seminars / Tutorials | 5 Hours. |
Assessment
| Assessment Type | Assessment length / details | Proportion |
|---|---|---|
| Semester Assessment | 20% | |
| Semester Exam | 2 Hours | 80% |
| 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.
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.
Notes
This module is at CQFW Level 6