Module Code: H7MGACC2
Long Title Management Accounting 2
Title Management Accounting 2
Module Level: LEVEL 7
EQF Level: 6
EHEA Level: First Cycle
Credits: 5
Module Coordinator: AKARI DEVELOPER
Module Author: DESMOND GIBNEY
Departments:  
Specifications of the qualifications and experience required of staff  
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Demonstrate a basic understanding of the important role of management accounting information in the business decisions
LO2 Apply management accounting knowledge of budgeting and standard costing to a range of planning and control situations
LO3 Demonstrate familiarity with management accounting practices, emphasising their interrelationship with other business functions
LO4 Critically appraise management accounting information, assessing its relevance, strengths and weaknesses
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is required before enrolment on this module. While the prior learning is expressed as named NCI module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Entry requirements  
 

Module Content & Assessment

Indicative Content
Introduction to Management Accounting Information for Decision Making (25%)
• Classifying costs and cost behaviour and the implications for business decisions • Levels of decision making – operational, tactical and strategic • Short, medium and long-term considerations • Basic principles and applications of absorption costing • Marginal and absorption costing – different rationales • Inventory valuation and Profit Statements using different approaches • Introduction to the concept of ‘Relevant Costing’ and decision making • Management accounting information for pricing decisions
Information for Planning and Control: The Budget Process (40%)
• Budgets and the budgeting process • Master and functional budgets • Detailed budgets for Sales, Production, Operations and Administrative departments • Forecast Cash-flows, Income Statements and Statements of Financial Position – their interrelationships and links to the various functional budgets • Discretionary cost centres and zero based budgeting • Introduction to flexed budgeting
Information for Planning and Control: Standard Costing and Variance Analysis (35%)
• Standard costs and the standard setting process • Standard costing systems • Types of variances to include Materials, Labour and Overheads • Explanation of variances
Assessment Breakdown%
Coursework30.00%
End of Module Assessment70.00%

Assessments

Full Time

Coursework
Assessment Type: Mid Semester Examination % of total: 30
Assessment Date: n/a Outcome addressed: 1,2,3
Non-Marked: No
Assessment Description:
During the course of the semester, the students will be required to undertake a multiple choice exam. This is designed to test their understanding of the material covered up to that point in time
End of Module Assessment
Assessment Type: Terminal Exam % of total: 70
Assessment Date: End-of-Semester Outcome addressed: 1,2,3,4
Non-Marked: No
Assessment Description:
End-of-Semester Final Examination
No Workplace Assessment
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

NCIRL reserves the right to alter the nature and timings of assessment

 

Module Workload

Module Target Workload Hours 0 Hours
Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 3 Every Week 3.00
Practical No Description 1 Every Week 1.00
Total Weekly Contact Hours 4.00
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 3 Every Week 3.00
Total Weekly Contact Hours 3.00
 

Module Resources

Recommended Book Resources
  • Sheppard, Gail. (2011), Management Accounting: A Practical Approach, Gill & Macmillan.
Supplementary Book Resources
  • Colin Drury,. Management and Cost Accounting, 7th ed. Cengage, [ISBN: 1844805662].
  • Peter C. Brewer, Ray H. Garrison, Eric W. Noreen,. Introduction to Managerial Accounting, 5th. Irwin Professional Publications, [ISBN: 0070181918].
This module does not have any article/paper resources
This module does not have any other resources
Discussion Note: