Run by Bangor Business School
10 Credits or 5 ECTS Credits
Organiser: Ms Wendy Ashurst
Overall aims and purpose
To provide an introduction to the role of management accounting in decision-making and managing an organisation.
Cost behaviours; Contribution analysis; Break-even analysis; Limiting factor analysis.
Students demonstrate a basic understanding of both financial accounting and management accounting, but make significant errors in their work.
Students demonstrate good understanding and are able to produce accounting statements to a reasonable standard, without significant error.
Students demonstrate clear understanding and are able to produce accurate and clear accounting statements.
Demonstrate familiarity with basic book-keeping skills
Be capable of preparing accounts for sole traders
Understand the relationships between cost, volume and profit.
Be able to use marginal costing techniques to aid short-term decision-making.
Teaching and Learning Strategy
Two hours of lectures per week One 1 hour tutorial per fortnight