Specifications of the qualifications and experience required of staff
Learning Outcomes
On successful completion of this module the learner will be able to:
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Learning Outcome Description
LO1
Demonstrate an understanding of the purpose and scope of management accounting
LO2
Analyse the role of accounting in managerial planning and control decisions.
LO3
Demonstrate the analytical skills and knowledge required to prepare cost accounts for an organisation
LO4
Demonstrate an understanding and familiarity with costing methods and systems used in organisations.
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 (15%)
• Purpose of management accounting
• Scope of management accounting
• Characteristics of management accounting and relationship to financial accounting
Cost Accumulation Systems (30%)
• Cost elements and cost classification
• Direct materials
• Direct labour
• Overheads
• Allocation, apportionment and absorption of overheads
• Absorption costing and overhead absorption rates (OHAR)
• Job and batch costing methods
• Contract costing
• Process costing
• Joint and by-product costing
Service and Operation Costing (5%)
n/a
Activity – Based Costing (ABC) Systems (20%)
• Features of the traditional approach of assigning overheads to products
• What is ABC?
• Using ABC
Marginal Costing (30%)
• Cost – Volume – Profit (CVP) Analysis
• Basic assumptions of CVP
• Break-even point
• Margin of safety
• Graphical representations
Assessment Breakdown
%
Coursework
30.00%
End of Module Assessment
70.00%
Assessments
Full Time
Coursework
Assessment Type:
Mid Semester Examination
% of total:
30
Assessment Date:
n/a
Outcome addressed:
1,2,3,4
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
Peter C. Brewer, Ray H. Garrison, Eric W. Noreen,. Introduction to Managerial Accounting, Intl 5th. Irwin Professional Publications, [ISBN: 0070181918].
This module does not have any article/paper resources