| Pre-requisite learning |
Module Recommendations
This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named CIT module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s). |
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Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list. |
| No incompatible modules listed |
Co-requisite Modules
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| No Co-requisite modules listed |
Requirements
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.
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| No requirements listed |
| Indicative Content |
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Introduction to management accounting
Understanding what management accounting is. Understanding the role of the management accountant in the modern organisation.
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Break even analysis
Cost Behaviour and the various cost types. Break-even Analysis: Calculate break-even points by distinguishing between fixed and variable costs. Calculate margins of safety, target profits and perform sensitivity analysis. Use break-even analysis to aid decision making.
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Overheads and cost allocation methods
Traditional and Activity Based Costing methods for overhead apportionment. Performing detailed overheads analysis.
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Budgeting
The budget process and detailed budget preparation. Cash budgets and mixed budgets (production budgets, materials use and materials purchases budgets).
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Relevant Costing
Prepare calculations to help mangers make timely decisions.
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| Recommended Book Resources |
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- CIMA 2015, Fundamentals of Management Accounting, Kaplan Publishing [ISBN: 978-1-78415-9]
- Pauline Weetman 2010, Management Accounting, 2nd Ed., Financial Times/Prentice Hall [ISBN: 0-273-70199-1]
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| Supplementary Book Resources |
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- Charles T. Horngren, Gary L. Sundem, William O. Stratton 2005, Introduction to management accounting, Pearson Education International Upper Saddle River, N.J. [ISBN: 0-13-127308-6]
- Ray H. Garrison, Eric W. Noreen, Willie Seal; edited by Mark Kavanagh 2005, Management accounting, 2nd Ed., McGraw-Hill London [ISBN: 0-07-710939-2]
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| Recommended Article/Paper Resources |
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- Byron Henry and Margaret Hicks 2015, A Survey of Perspectives on the Future of the Accounting Profession, The CPA Journal, August 2015, 612
- Nimocks, Suzanne P. 2005, Managing overhead costs, McKinsey Quarterly, Issue 2
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| This module does not have any other resources |
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