Cost management, product pricing decisions and transfer pricing. Budgeting including behavioural implications of budgets

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1 MODULE SPECIFICATION UNDERGRADUATE PROGRAMMES KEY FACTS Module name Management Accounting Module code AF2102 School Cass Business School Department or equivalent UG Programme UK credits 15 ECTS 7.5 Level 5 Delivery location (partnership programmes only) MODULE SUMMARY Module outline and aims This module builds on the knowledge gained in introductory management accounting. More advanced techniques in management accounting are introduced in this module to enable you to make decisions and assess the performance of businesses in a modern environment. The module aims to give you the ability to select and apply appropriate management accounting techniques for decision making, planning, control and performance evaluation purposes. The usefulness of these techniques to modern business environments is critically examined. Emphasis is also placed on interpreting management accounting outputs as well as evaluating managerial implications of management accounting techniques. Content outline Cost management, product pricing decisions and transfer pricing Strategic approaches to cost management Budgeting including behavioural implications of budgets Performance management issues, management control and business process management Pre-requisite Modules AF1101 Introduction to Financial Accounting OR BS1108 Introduction to Financial Accounting for Business AND AF1201 Introduction to Management Accounting

2 WHAT WILL I BE EXPECTED TO ACHIEVE? On successful completion of this module, you will be expected to be able to: Knowledge and understanding: - Analyse the importance of the role of management accounting in business - Examine the key problems with traditional management accounting techniques when applied in a modern business environment Skills: - Identify the costs associated with the manufacturing of products and provision of services and use them to determine prices - Select and apply appropriate management accounting techniques to assist managers with planning, control and decision making - Analyse and critically evaluate management accounting information in a business context - Write technical reports on aspects of a business performance Values and attitudes: - Demonstrate an awareness of how behavioural issues affect management accounting control systems - Identify the ethical issues and problems involved in being a management accountant HOW WILL I LEARN? A variety of learning and teaching methods will be used in this course. Lectures are used to introduce context, concepts and techniques illustrated with practical and current examples. You will also have the opportunity to participate in class discussions and work through examples and exercises with the support of the lecturer. It is strongly recommended that you attend ALL lectures. Tutorials are used to explore the concepts and practices covered in the lectures in more detail. Specifically, they are used primarily to demonstrate technical material, although some discussion and analysis will accompany the practical techniques. Tutorials take place in smaller groups and you are expected to interact with the tutor and other students.

3 Key learning and teaching resources will be put on the module website on Moodle. In the independent study time you are encouraged to read widely and in depth around particular topics in preparation for lectures and tutorials. You may also spend time working through sample exercises and questions. In addition you will be preparing and undertaking your coursework assignments and preparing for your final examination. Teaching pattern: Teaching component Teaching type Contact Selfdirected study Placement Total student learning Lectures Lecture Tutorials Tutorial Totals WHAT TYPES OF ASSESSMENT AND FEEDBACK CAN I EXPECT? Assessments The assessment for this module will comprise an individual invigilated test and a final closed exam. Assessment pattern: Assessment component Assessment type Weighting % Minimum qualifying mark Pass/Fail? Exam Written N/A Exam Invigilated test Set Exercise NA Assessment criteria Assessment criteria are descriptions of the skills, knowledge or attributes you need to demonstrate in order to complete an assessment successfully and Grade-Related Criteria are descriptions of the skills, knowledge or attributes you need to demonstrate to achieve a certain grade or mark in an assessment. Assessment Criteria and Grade- Related Criteria for module assessments will be made available to you prior to an assessment taking place. More information will be available in the UG Assessment Handbook and from the module leader. Feedback on assessment Following an assessment, you will be given your marks and feedback in line with the University s Assessment Regulations and Policy. More information on the timing and

4 type of feedback that will be provided for each assessment will be available from the module leader.. Assessment Regulations The Pass mark for the module is 40%. Any minimum qualifying marks for specific assessments are listed in the table above. The weighting of the different components can also be found above. The Programme Specification contains information on what happens if you fail an assessment component or the module. INDICATIVE READING LIST The latest editions of: C. Drury. (2015) Management and Cost Accounting. 9 th Edn. Cengage. C.T. Horngren, A. Bhimani, S. Datar, M. Rajan. (2015) Management and Cost Accounting. 6 th Edn. Prentice Hall. W. Seal, C. Rohde, R.H. Garrison, E. Noreen. (2014) Management Accounting. 5 th Edn. McGraw Hill. P. Weetman. (2013) Financial and Management Accounting: An Introduction. 6 th Edn. Prentice Hall. The Financial Times Version: 4.0 Version date: November 2015 For use from:

5 Appendix: see for the full list of JACS codes and descriptions CODES HESA Code Description Price Group 133 Business and Management D Studies JACS Code Description Percentage (%) N400 The study of the rules, standards and methods of financial accounting within organisations. 100