Modiwl ACC-1104:
Intro Manag Accounting
Introductory Management Accounting 2023-24
ACC-1104
2023-24
Bangor Business School
Module - Semester 2
15 credits
Module Organiser:
Debbie Gilliland
Overview
To introduce the role of management accounting in decision-making and managing an organisation.
The course will cover the following:
• Introduction to management accounting. • Difference between cost, management, and financial accounting. • Purpose, classification, and behaviour of cost. • Marginal analysis. • Full costing, activity-based costing. • Budgeting, accounting for control. • Management accounting techniques to make and support short term decision making. • Budgets and standard costing for planning, feedback, and control.
Assessment Strategy
-threshold -D- to D+ (40-49%): No major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives.
-good -B- to B+ (60-69%): Very good performance Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills.
-excellent -A- to A+ (70%+): Outstanding performance. The relevant information accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills.
-another level-C- to C+ (50-59%): Much of the relevant information and skills mostly accurately deployed. Adequate grasp of theoretical/conceptual/practical elements. Fair integration of theory/practice/information in the pursuit of the assessed work's objectives. Some evidence of the use of creative and reflective skills.
Learning Outcomes
- Apply management accounting techniques to make and support decision making.
- Classify, estimate and allocate costs and overheads
- Discuss and illustrate how budgets are used for planning and control purposes in an organisation.
- Discuss the nature and purpose of management accounting.
- Explain and apply the standard costing system.
- Explain and use the relationships between cost, volume and profit.
Assessment method
Class Test
Assessment type
Crynodol
Description
Students will take two tests each is one hour-long and carries 20%. The test will consist of theoretical and calculation questions to measure students’ understanding of key topics related to the subject. The tests allow students to receive continuous feedback in relation to their progress in the course.
Weighting
40%
Assessment method
Exam (Centrally Scheduled)
Assessment type
Crynodol
Description
Students will attempt an unseen three-hour-long examination paper. The paper will consist of two sections, the first will require students to perform calculations pertaining to standard costing and decision making. The second section will include questions on other key areas
Weighting
60%