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Module ASB-4420:
Management Accounting

Module Facts

Run by Bangor Business School

15 Credits or 7.5 ECTS Credits

Semester 2

Organiser: Ms Wendy Ashurst

Overall aims and purpose

To enable students to understand appropriate management accounting techniques and methods and provide them with the ability to apply them.

Course content

The use of financial data in assessing business performance; Using this data to set the strategic aims of the organisation; The methods available to the management accountant for developing effective management in any specific situation; Cost classification, allocation and the use of various analytical models; Discussion of the issues of variance analysis; Study of ABC principles, the strengths and weaknesses, and its place in current management thinking.

Assessment Criteria


Work demonstrating an adequate attempt at acquiring and applying knowledge.

Content 1. Partial identification of the issues 2. Adequate understanding and use of appropriate conceptual frameworks, experience and facts; some errors 3. Some evidence of consulting source material 4. No originality 5. Insufficient relevance

Structure 1. Links parts together, but lacks a coherent structure 2. Clear, but limited, objectives 3. Does not always reach a conclusion 4. Weakened by inappropriate or inaccurate use of language


Work demonstrating high level of analytical and applied competence on a broad range of factors. Free of major errors.

Content 1. Clear identification of the issues 2. High standard of critical analysis using appropriate conceptual frameworks and/or applying relevant experience and facts 3. Good evaluation and synthesis of source material 4. Shows some fresh thinking and originality 5. Substantially relevant

Structure 1. Clearly structured and logically developed 2. Clear, relevant and attainable objectives 3. Relevant conclusions 4. Supported by an appropriate range and use of language


Work of excellent quality in every respect. Focused and comprehensive, with critical depth and insight. Representing a model answer at the top end of the range.

Content 1. Concise and comprehensive identification of the issues 2. Excellent standard of critical analysis using appropriate conceptual frameworks and/or applying relevant experience and facts 3. Comprehensive and excellent use, evaluation and synthesis of source material 4. Shows fresh thinking and originality 5. Wholly relevant

Structure 1. Well structured and logically developed 2. Exceptionally clear, relevant and attainable objectives 3. Clearly spelled out and relevant conclusions 4. Supported by a good range and appropriate use of language

C- to C+

C- to C+ (50-59%): Much of the relevant information and skills mostly accurately deployed. Adequate grasp of theoretical/conceptual/practical elements. Fair integration of theory/practice/information in the pursuit of the assessed work's objectives. Some evidence of the use of creative and reflective skills.

Learning outcomes

  1. Demonstrate an understanding of modern management accounting techniques such as Activity Based Costing (ABC)

  2. Demonstrate an understanding of an organisations performance evaluation

  3. Demonstrate an analytical understanding of cost classification, cost assignment, and the ability to apply linear and non-linear models to pricing and analysis.

  4. Develope a rigorous appreciation of the concepts and principles of variance analysis, and the understanding of the strengths and weaknesses of the methods used.

Assessment Methods

Type Name Description Weight
Assignment 25
Exam 75

Teaching and Learning Strategy


One 2 hour lecture each week

Private study

Private Study to review module material from lectures, further reading from textbooks and the internet, plus practice numerical questions


one drop in session workshop each week to complete lecture topics and practice questions


Transferable skills

  • Literacy - Proficiency in reading and writing through a variety of media
  • Numeracy - Proficiency in using numbers at appropriate levels of accuracy
  • Self-Management - Able to work unsupervised in an efficient, punctual and structured manner. To examine the outcomes of tasks and events, and judge levels of quality and importance
  • Exploring - Able to investigate, research and consider alternatives
  • Information retrieval - Able to access different and multiple sources of information
  • Critical analysis & Problem Solving - Able to deconstruct and analyse problems or complex situations. To find solutions to problems through analyses and exploration of all possibilities using appropriate methods, rescources and creativity.
  • Presentation - Able to clearly present information and explanations to an audience. Through the written or oral mode of communication accurately and concisely.

Subject specific skills

  • knowledge of some of the contexts in which accounting can be seen as operating (examples of contexts include the legal, ethical, social and natural environment; the accountancy profession; the business entity; the capital markets; the public sector)
  • knowledge of the main current technical language and practices of accounting (for example, recognition, measurement and disclosure in financial statements; managerial accounting; auditing; taxation) in a specified socio-economic domain
  • knowledge of some of the alternative technical languages and practices of accounting (for example, alternative recognition rules and valuation bases, accounting rules followed in other socio-economic domains, alternative managerial accounting approaches to control and decision-making)
  • skills in recording and summarising transactions and other economic events; preparation of financial statements; analysis of the operations of business (for example, decision analysis, performance measurement and management control); financial analysis and projections (for example, analysis of financial ratios, discounted cash flow analysis, budgeting, financial risks)
  • knowledge of contemporary theories and empirical evidence concerning accounting in at least one of its contexts (for example, accounting and capital markets; accounting and the firm; accounting and the public sector; accounting and society; accounting and sustainability) and the ability to critically evaluate such theories and evidence age
  • Quantification and design. Data, and their effective organisation, presentation and analysis, are important in economics. The typical student will have some familiarity with the principal sources of economic information and data relevant to industry, commerce, society and government, and have had practice in organising it and presenting it informatively. This skill is important at all stages in the decision-making process.
  • Numeracy: the use of quantitative skills to manipulate data, evaluate, estimate and model business problems, functions and phenomena.
  • Research: the ability to analyse and evaluate a range of business data, sources of information and appropriate methodologies, which includes the need for strong digital literacy, and to use that research for evidence-based decision-making.


Talis Reading list

Reading list

Management and Cost Accounting 10th edition Colin Drury

Courses including this module