Module BIC-0031:
Management Accounting

Module Facts

Run by Bangor University International College

20.000 Credits or 10.000 ECTS Credits

Semester 1 & 2

Organiser:

Overall aims and purpose

This module focuses on the techniques of management accounting that are used to collect, process, and present financial and quantitative data within an organisation to aid performance management, cost control, planning and pricing and, through these, the process of managerial decision-making. The specific aims of the module are to make students aware of the major accounting concepts of and users of financial statements, to understand the various adjustments made in financial statements and the effect of these on measurement of profit and valuation of assets, the evaluation of capital projects using various methods of investment appraisal, main elements of cost, calculation of overhead recovery rates and preparation of product costs using absorption techniques, fixed and variable elements of costs and applications to cost, volume and profit analysis. The significance of management accounting techniques to companies in their planning for future strategic moves and developments.

Course content

a) Concepts of management accounting b) Role within a company – financial planning, control, budgetary process c) Preparation of, adjustments to and uses of Financial Statements and their effect on measurement of profit and valuation of assets d) Calculation and interpretation of financial ratios e) Evaluation of capital projects using various methods of investment appraisal f) Main elements of cost, calculation of overhead recovery rates and preparation of product costs using absorption techniques, marginal and activity-based costing g) Distinguishing between fixed and variable elements of costs and use of this knowledge to apply cost, volume and profit analysis h) Use of appropriate software packages to support management accounting processes

Assessment Criteria

excellent

Student has engaged consistently with all the topics of the module and so has clearly demonstrated a high level of suitability for the next phase of the master’s programme

good

Student has scored well in demonstrating a secure knowledge and understanding of many of the topics studied and has achieved a grade enabling progression onto the next phase of the master’s programme

threshold

Student has performed sufficiently well in demonstrating a basic knowledge and understanding of a number of topics studied to have achieved the lowest level of pass grades.

Learning outcomes

    1. Explain the significance of financial statements and how these are used in managerial decision-making
    1. Show an understanding of overhead recovery rates and absorption techniques and compare with marginal costing and activity-based costing
    1. Use ICT to support the processes of managerial accounting
    1. Demonstrate knowledge and understanding of the major concepts of management accounting
    1. Demonstrate knowledge of the various methods of investment appraisal that can be used in the evaluation of capital projects

Assessment Methods

Type Name Description Weight
presentation 30.00
interim test 30.00
final exam 40.00

Teaching and Learning Strategy

Hours
Private study 80
Practical classes and workshops 120

Transferable skills

  • Literacy - Proficiency in reading and writing through a variety of media
  • Numeracy - Proficiency in using numbers at appropriate levels of accuracy
  • 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.

Subject specific skills

  • Demonstrate numeracy skills required as a basis for further studies in Economics, Financial Accounting and Management
  • Demonstrate an understanding and ability to analyse economic issues on a local and international scale
  • Demonstrate an understanding of the business environment, legal processes and systems

Resources

Resource implications for students

Students will be required to purchase a text book

Reading list

Drury, C. (2015) Management and Cost Accounting (9th edition) Cenage

Courses including this module