Fundamentals of Management Accounting - BUSN3310

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Module delivery information

This module is not currently running in 2021 to 2022.

Overview

Synopsis of the curriculum

  • Definition of management accounting;
  • Relationship to financial accounting;
  • Absorption costing; marginal costing;
  • Process costing; joint costs;
  • Activity based costing;
  • Cost behaviour;
  • Breakeven analysis;
  • Pricing: external, internal, transfer pricing;
  • Forecasting costs;
  • Regression analysis;
  • Information and management accounting

    Details

    Contact hours

  • Lectures:22 hours
  • Seminars:11 hours
  • Preparation for Class Tests:30 hours
  • Preparation for Exam:50 hours
  • Seminar Preparation:22 hours
  • Independent study:25 hours


    • Total hours:150

    Method of assessment

    Examination – 2 hour unseen (70%); In Class Test One (15%); and , In Class Test Two (15%)

    Indicative reading

    Seal, W.B. (2011), Management Accounting for Business Decisions. London: McGraw-Hill
    McLaney, E.J., and Atrill, P., (2012), Accounting an Introduction.6th edn. Harlow: FT Prentice Hall
    Seal W., Garrison R.H,. and Noreen E.W., (2012), Management Accounting 4th Ed, London: McGraw-Hill 
    Drury, C., (2012),Management and Cost Accounting, 8th Ed, Andover: Cengage Learning
    Bhimani A., Horngren C.T., Data S.M. and Rajan M.V. (2012), Management Accounting. 5th edn. Harlow: FT Prentice Hall
    Atkinson A., Kaplan R., Matsumura E. and Young S. (2012), Management Accounting: Information for Decision-Making and Strategy Execution, Prentice Hall.

    See the library reading list for this module (Medway)

    Learning outcomes

    Understand the differences between management and financial accounting.
    Carry out the main costing procedures used in management accounting.
    Understand the behaviour of costs and carry out breakeven analysis.
    Utilise the different methods of determining prices.
    Forecast trends in costs.

    Notes

    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.
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