Modiwl ASB-1721:
Principles of Mgmnt Accounting
Principles of Management Accounting 2024-25
ASB-1721
2024-25
Bangor Business School
Module - Semester 2
20 credits
Module Organiser:
Debbie Gilliland
Overview
This module encompasses marginal costing techniques; absorption costing techniques; the comparison of marginal and absorption costing profit statements; and cash budgets.
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
- Be able to classify, estimate and allocate costs and overheads.
- Be able to prepare a cash budget and be able to understand how they are used for planning and control.
- Be able to solve management accounting problems by using quantitative analysis techniques such as Linear Programming
- Communicate ideas clearly and confidently
- Understand the difference between Marginal and Absorption Costing and be able to prepare their Profit Statements.
- Understand the relationships between cost, volume and profit.
Assessment method
Exam (Centrally Scheduled)
Assessment type
Summative
Description
Final Examination.
Weighting
80%
Assessment method
Class Test
Assessment type
Summative
Description
Class Test 2. Mid - semester test which assesses students’ understanding of linear programming and calculate a worked example.
Weighting
10%
Assessment method
Class Test
Assessment type
Summative
Description
Class Test 1. Mid-semester test which assesses students’ understanding of cash budgets and cash management
Weighting
10%