Module Identifier AC33120  
Academic Year 2004/2005  
Co-ordinator Ms Jennifer R Lane  
Semester Semester 2 (Taught over 2 semesters)  
Other staff Ms Megan R Williams  
Pre-Requisite AC10210 , AC33120  
Co-Requisite AC33120 can be taken by either 2nd or 3rd year students as a pre- or co-requisite depending which year the student is in.  
Course delivery Lecture   36 Hours 18 1-hour lectures per semester  
  Seminars / Tutorials   8 Hours 4 1-hour tutorials per semester  
Assessment TypeAssessment Length/DetailsProportion
Semester Exam2 Hours - Set in Semester 270%
Semester Assessment One 2,000 word report - Set in Semester 130%
Supplementary Exam2 Hours  100%

Learning outcomes

On successful completion of this module students should be able to:
1. Discuss and evaluate how costs are constructed via the organisation
2. Analyse, select and calculate appropriate costing method in a given situation
3. Discuss and evaluate how the choice of costing techniques can impact on accountability and performance measurement
4. Explain and evaluate the behavioural aspects of management accounting
5. Evaluate and analyse a decision scenario using an appropriate accounting technique
6. Discuss and evaluate accounting techniques limitations
7. Evaluate and discuss the impact of working capital management


This module aims to build upon the foundations of management accounting established in module AC10210, to deepen and extend knowledge of fundamental concepts and techniques of management accounting.

Brief description

The early part of this module will focus on two aspects of accounting which support the exercise of management control through the use of costing techniques and cost management. With techniques learnt from previous modules and earlier on in this module students will understand accounting techniques which are appropriate to strategic decision making, planning and control issues.


Management accounting as a control mechanism - behavioural considerations
Cost classification
Cost dealing with overheads using absorption costing, marginal costing and activity-based costing
Cost accounting - job costing and process costing
Effect of costing methods on stock valuation and profit
Aspects of performance management
Advanced variance analysis
Incremental costs and decision making
Decisions under uncertainty
Cost estimation and pricing
Working capital management

Reading Lists

C Drury (2000) Management and Cost Accounting 6th edition. Interntaional Thomson Business Press
T Lucey Costing 5th edition. DP Publications
C Horngren, A Bhimani, G Foster and M Datar (1999) Management and Cost Accounting Prentice Hall


This module is at CQFW Level 6