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ACCT6025 - Managerial Accounting

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Title:Managerial Accounting
Long Title:Managerial Accounting
Module Code:ACCT6025
 
Credits: 5
NFQ Level:Fundamental
Field of Study: Accounting, Auditing and Accountability
Valid From: Semester 1 - 2017/18 ( September 2017 )
Module Delivered in 1 programme(s)
Next Review Date: December 2020
Module Coordinator: CATHERINE MURPHY
Module Author: Scott McGowan
Module Description: This module introduces business students with a particular interest in IS / IT to Management Accounting. The module outlines many of the important tools used by the modern management accountant while placing an emphasis on IS & IT developments in management accounting.
Learning Outcomes
On successful completion of this module the learner will be able to:
LO1 Describe the role of the management accountant and IS / IT developments therein.
LO2 Describe basic cost behaviour and apply this knowledge to improve short-term decision making.
LO3 Explain the concept of Break Even analysis and apply this knowledge to relevant scenarios.
LO4 Explain the concept of Overheads and perform a detailed overhead analysis of a company.
LO5 Explain standard costing and variances.
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).
No recommendations listed
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
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.

No requirements listed
Co-requisites
No Co Requisites listed
 

Module Content & Assessment

Indicative Content
The role of the Management Accountant in an organisation.
An introduction to the role of the management accountant in an organisation. The uses and users of management accounting information. The impact of IS / IT on management accounting and future developments in management accounting. The impact of Shared Services on the modern management accountant.
Cost types and cost behaviour.
Types of costs and cost behaviour patterns. Distinguishing cost types using the high low method.
Cost, Volume, Profit Analysis (C.V.P. Analysis).
Cost Volume Profit (C.V.P.) and Break Even Analysis. Using these techniques to solve business problems, guide decision making and aid analysis.
Overheads Analysis.
Total Cost vs. Marginal Cost. Overheads Absorption Costing. Using Overheads Analysis to aid cost control and analysis. Activity Based Costing as an alternative to absorption costing.
Standard Costing and Variances
An introduction to functional budgets and standard costing. Basic price and usage variances analysis.for materials, labour and overheads.
Assessment Breakdown%
Course Work30.00%
End of Module Formal Examination70.00%
Course Work
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Short Answer Questions In class exam 1,2,3 30.0 Week 6
End of Module Formal Examination
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Formal Exam End-of-Semester Final Exam 1,2,3,4,5 70.0 End-of-Semester
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

The institute reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Formal lectures with worked examples 3.0 Every Week 3.00
Independent & Directed Learning (Non-contact) Computational examples, student research and study. 4.0 Every Week 4.00
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Formal lectures with worked examples 1.5 Every Week 1.50
Independent & Directed Learning (Non-contact) Computational examples, student research and study. 5.5 Every Week 5.50
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 1.50
 

Module Resources

Recommended Book Resources
  • Peter Atrill & Eddie McLaney, Management Accounting For Decision Makers, 8th Edition Ed., Chapters: 1, 3, 4, 5, 6, 7., Pearson [ISBN: 9781292072432]
Recommended Article/Paper Resources
  • Sylvia Dempsey & Ruth Vance 2006, Advances in Information Technology enhancing the profile of the Management Accountant
Other Resources
 

Module Delivered in

Programme Code Programme Semester Delivery
CR_BBISY_8 Bachelor of Business (Honours) in Information Systems 3 Mandatory

Cork Institute of Technology
Rossa Avenue, Bishopstown, Cork

Tel: 021-4326100     Fax: 021-4545343
Email: help@cit.edu.ie