Management Accounting 1 - AC521

Looking for a different module?

Module delivery information

Location Term Level1 Credits (ECTS)2 Current Convenor3 2021 to 2022
Autumn and Spring 5 30 (15) DR M Bigoni checkmark-circle


The work of accountants permeates all aspects of management. Accountants provide information that is relevant to both managers and external stakeholders in the context of planning and controlling an organisation. This module introduces the principles and techniques used by management accountants who provide appropriate financial information to managers and help them make better informed decisions. Topics may include:
• An introduction to management accounting
• The role of management accountants in an organisation
• Cost terms and purposes
• Cost determination
• Cost-Volume-Profit (CVP) analysis
• Measuring relevant costs & revenues for decision making
• Job order costing
• Cost allocation
• Activity based costing
• Joint and by-product costing
• Pricing, target costing and customer profitability analysis
• Motivation, budgets and responsibility accounting
• Flexible budgets, variances and management control
• Value based management and strategic management
• Performance management and management control
• Environment cost accounting: Sustainability


Contact hours

Total contact hours: 65
Private study hours: 235
Total study hours: 300

Method of assessment

Main assessment methods:

Exam, 3 hours (70%)
VLE Online Test 1 (10%)
Essay of 1500 words (10%)
VLE Online Test 2 (10%)

Reassessment method:
100% exam

Indicative reading

Core text:
Bhimani, A., Horngren, C.T., Data, S.M. and Rajan, M.V. (2019) Management and Cost Accounting 7th edition Harlow: FT-Prentice Hall

Other recommended texts:
Drury, C. (2018) Management and Cost Accounting 10th Edition, Andover: Cengage Learning
Seal, W., Garrison, R.H. and Noreen, E.W. (2012) Managerial Accounting 4rd Edition London: McGraw-Hill

See the library reading list for this module (Canterbury)

Learning outcomes

The intended subject specific learning outcomes.
On successfully completing the module students will be able to:
- Constructively differentiate the contexts in which management and financial accounting operate.
- Critically determine costs based on cost terms and purposes.
- Apply relevant management accounting techniques under various costing systems.
- Critically distinguish between short-run and long-run pricing decisions and describe approaches to pricing.
- Measure and apply yield, mix and quantity effects in planning and control.
- Design and prepare budgets and perform in depth variance analysis for strategic planning and control.

The intended generic learning outcomes.
On successfully completing the module students will be able to:
- Communicate and learn effectively using information technology.
- Manage their own learning.
- To make use of scholarly reviews and primary sources, e.g. refereed research articles and/or original materials appropriate to the discipline.
- Evaluate arguments, assumptions and data to make judgements, and frame appropriate questions to achieve a solution to a problem.


  1. Credit level 5. Intermediate level module usually taken in Stage 2 of an undergraduate degree.
  2. ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
  3. The named convenor is the convenor for the current academic session.
Back to top

University of Kent makes every effort to ensure that module information is accurate for the relevant academic session and to provide educational services as described. However, courses, services and other matters may be subject to change. Please read our full disclaimer.