Management Accounting 1 & 2
Run by Bangor Business School - (Changsha)
20.000 Credits or 10.000 ECTS Credits
Semester 1 & 2
Organiser: Ms Wendy Ashurst
Overall aims and purpose
To develop knowledge, understanding and computational skills in the application of a range of management accounting techniques and their role within an organisation.
Costing, budgets and pricing; Throughput account; Budgetary systems; Advanced standard costing; Performance measurement; Working capital management; Application of advanced management accounting techniques in organisations.
A- to A+ (70%+): Outstanding performance. The relevant information accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills.
B- to B+ (60-69%): Very good performance Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills.
D- to D+ (40-49%): No major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives.
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.
Understand and apply a range of specialist cost and management accounting techniques
Describe the application of a variety of budgetary systems in various organisational.
Understand and apply management accounting techniques used in planning, control and decision-making within organisations.
Calculate and explain basic and advanced variances in a standard costing system, including mix and yield and planning and operational variances.
Discuss the measurement of organisational and divisional performance in the private and public sectors, including an explanation of the effect of transfer pricing methods upon organisational and divisional decision making.
Identify how management accounting can provide support for corporate strategic aims.
Teaching and Learning Strategy
Private Study to review module material from lectures, further reading from textbooks and the internet, plus practice numerical questions
One 2-hour lecture per week.
3 one hour workshops per semester for practicing questions
- 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.
- Management - Able to utilise, coordinate and control resources (human, physical and/or financial)
- Argument - Able to put forward, debate and justify an opinion or a course of action, with an individual or in a wider group setting
Talis Reading listhttp://readinglists.bangor.ac.uk/modules/asb-2707.html
Pre- and Co-requisite Modules
Courses including this module
Compulsory in courses:
- N405: BSc Accounting & Finance (Bangor College, China) year 2 (BSC/AFBC)