Overview

This module is for non-Accounting and finance students and explains the the role of the Management Accounting within organisations. It discusses the different tyoes of costing available; considers decision making techniques and enables the student to undertand the importance of cash budgets, which will help students in the future, when employed in Managment, as Management Consultants or Strategic Marketing Consultants

This module encompasses the two main types of costing techniques marginal costing and absorption costing and considers how they can be used within an organisation. It also explains the importance of cash budgets for an organisation .

Assessment Strategy

threshold -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. -good -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. -excellent -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. -another level-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

• Be able to explain the role of Managment Accountants in strategic decisions

• Be able to prepare a cash budget and be able to explain how they are used for planning and control.

• Classify, estimate and allocate costs and overheads, for management accounts.

• Demonstrate the relationships between cost, volume and profit.