Module Code: H7MGAC
Long Title Management Accounting
Title Management Accounting
Module Level: LEVEL 7
EQF Level: 6
EHEA Level: First Cycle
Credits: 10
Module Coordinator: DESMOND GARGAN
Module Author: Isabela Da Silva
Departments: School of Business
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 Develop an understanding of the purpose and scope of management accounting.
LO2 Examine the role of accounting in managerial planning and control decision
LO3 Demonstrate the analytical skills and knowledge required to prepare cost accounts for an organisation
LO4 Apply cost accumulation for inventory valuation and profit measurement
LO5 Use traditional methods of cost accumulation and activity-based costing methods in generating cost information for decision making.
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

As per programme requirements (outlined in 4.2.2 Minimum requirements for general learning)    
 

Module Content & Assessment

Indicative Content
Introduction
Explain how management accounting supports the management team of an organisation in the activities of planning, performance evaluation, decision-making and costing. Purpose of management accounting Scope of management accounting Characteristics of management accounting and the relationship to financial accounting first stage level
Cost accumulation systems
Be able to explain the purpose and process of product costing and compute basic product costs. This will include: Cost elements and cost classification (Direct v Indirect) An understanding of manufacturing v non-manufacturing overheads. Absorption of overheads to products using Traditional Absorption Costing. The concept of under/over absorption. High level review of Job and batch costing methods, Contract costing and Process costing.
Activity-Based costing
What is ABC A comparison of ABC V TAC (linked to today’s business environment) Absorbing overheads & product costing via ABC
Absorption costing and marginal control
Marginal and absorption costing different rationales Profit statement Decision making
Information for decision making
Cost Volume Profit (CVP) Analysis The elements of profit; contribution margin; breakeven point; target profit; sensitivity analysis; multi-product scenarios; usefulness and limitations of the model
Assessment Breakdown%
Coursework100.00%

Assessments

Full Time

Coursework
Assessment Type: Continuous Assessment % of total: 100
Assessment Date: n/a Outcome addressed: 1,2,3,4,5
Non-Marked: No
Assessment Description:
The assessment will consist of a take home case study which will address the learning outcomes of the course. Students are expected to read, fully analyse and answer review (exam-like) questions provided by means of a case study The case study will present the students with a number of issues within a business which will require them to address using their management accounting knowledge.
No End of Module Assessment
No Workplace Assessment
Reassessment Requirement
Coursework Only
This module is reassessed solely on the basis of re-submitted coursework. There is no repeat written examination.
Reassessment Description
The repeat assessment provided will follow the same approach as the end of block assessment. A fresh case study will be provided which the students will be required to analyse and answer within a prescribed time frame.

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 Classroom and demonstrations 36 Per Semester 3.00
Independent Learning Independent learning 214 Per Semester 17.83
Total Weekly Contact Hours 3.00
 

Module Resources

Recommended Book Resources
  • McLaney, E & Atrill, P. (2018), Accounting and Finance an Introduction, 9th Ed. 1-7, Pearson, Harlow.
  • Wild, J.J. and Shaw, K.W. (2021), Financial & Managerial Accounting, 9th. McGraw Hill.
  • Sheppard, G. (2011), Management Accounting, Gill and MacMillan, Dublin.
Supplementary Book Resources
  • Drury, C.. (2015), Management and Cost Accounting, 9th Ed. Cengage Learning, London.
This module does not have any article/paper resources
Other Resources
  • [Journal], Accountancy.
  • [Journal], Accountancy Ireland.
  • [Journal], Business & Finance.
  • [Journal], Finance.
  • [Journal], Financial Management.
  • [Website], http://www.gillandmacmillan.ie/accountin g-finance/accounting-finance/managementa ccounting.
  • [Website], http://www.drury-online.com/cma7/student s/stu_title.htm.
  • [Website], http://www.cmaireland.com.
  • [Website], http://www.cengagebrain.com.
  • [Website], http://www.hoovers.com.
  • [Website], http://www.accountingtools.com.
  • [Website], http://www.accountingeducation.com/.
  • [Website], http://charteredaccountants.ie/.
  • [Website], http://www.cpaireland.ie.
Discussion Note: