Long Title:Management Accounting
Language of Instruction:English
Module Code:H7MABD
Credits: 5
NFQ Level:LEVEL 7
Field of Study: Accounting and taxation
Module Delivered in 2 programme(s)
Module Coordinator: DESMOND GIBNEY
Module editor: DESMOND GIBNEY
Teaching and Learning Strategy: Material will be delivered through lectures and tutorials, and will involve the application of principles, concepts and techniques to case studies and to real-life situations.
Learning Environment: Learning will take place in a classroom environment. Learners will have access to library resources, both physical and electronic, where required. Module materials will be placed on Moodle, the College’s virtual learning environment.
Module Description: To provide the learner with a basic knowledge and understanding of management accounting and to provide an understanding of its role in decision-making in a variety of types of business organisations.
Learning Outcomes
On successful completion of this module the learner will be able to:
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 accounting information for use in an organisation.
LO4 Demonstrate an understanding and familiarity with costing methods and systems used in organisations.
Pre-requisite learning
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
Requirements

This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.
No requirements listed
 

Module Content & Assessment

Indicative Content
Introduction
Purpose of management accounting. Scope of management accounting. Characteristics of management accounting and relationship to financial accounting.
Cost Accumulation Systems
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.
Activity – Based Costing (ABC) Systems
Features of the traditional approach of assigning overheads to products. Principles underlying ABC. Utilising ABC. Comparisons of ABC with traditional volume-based approach. Benefits & Limitations of ABC
Marginal Costing and Cost-Volume-Profit (CVP) Analysis
Marginal Costing and Absorption Costing. Basic assumptions of CVP Analysis. Benefits & Limitations - single product scenarios. Break Even Point. Margin of Safety. Graphical representations of CVP information.
Assessment Breakdown%
Coursework30.00%
End of Module Assessment70.00%

Full Time

Coursework
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Continuous Assessment During the course of the semester, the learners will be required to undertake an in-class exam. This is designed to test their understanding of the material covered up to that point in time. 1,2,3,4 30.00 n/a
End of Module Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Terminal Exam End-of-Semester final examination. 1,2,3,4 70.00 End-of-Semester
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

Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 2 Every Week 2.00
Tutorial No Description 1 Every Week 1.00
Independent Learning No Description 7.5 Every Week 7.50
Total Hours 10.50
Total Weekly Learner Workload 10.50
Total Weekly Contact Hours 3.00
This module has no Part Time workload.
 

Module Resources

Recommended Book Resources
  • Gail Sheppard 2011, Management Accounting: A Practical Approach. ISBN 9780717149964, Gill & Macmillan Dublin
This module does not have any article/paper resources
This module does not have any other resources
 

Module Delivered in

Programme Code Programme Semester Delivery
BAHBMD BA (Hons) in Business 4 Optional
DRETMGT Diploma in Retail Management 2 Additional