| Title: | Advanced Management Accounting |
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| Long Title: | Advanced Management Accounting |
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| Field of Study: |
Accounting, Auditing and Accountability
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| Valid From: |
Semester 1 - 2016/17 ( September 2016 ) |
| Module Coordinator: |
Claire OSullivan Rochford |
| Module Author: |
SYLVIA DEMPSEY |
| Module Description: |
This module examines the techniques used by the management accountant in the processes of planning and control within the organisation and the techniques used to evaluate the performance of products/divisions/organisation as a whole. |
| Learning Outcomes |
| On successful completion of this module the learner will be able to: |
| LO1 |
Describe and apply the main theories and techniques that underpin the role of the management accountant in budgeting, control and performance evaluation. |
| LO2 |
Recognise the limitations of the management accounting theory and techniques. |
| LO3 |
Apply the specialised technical skills required by the management accountant in budgeting, control and performance evaluation. |
| LO4 |
Analyse the financial factors and determine the non-financial / qualitative factors when reporting to management. |
| LO5 |
Provide reports on planning, control and performance evaluation. |
| 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 MTU 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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| 7898 |
ACCT6002 |
Cost Accounting |
| 11222 |
ACCT6004 |
Cost & Management Accounting |
| 11308 |
ACCT7002 |
Advanced Management Accounting |
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.
|
| No requirements listed |
Module Content & Assessment
| Indicative Content |
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Management Accountant as part of the Planning, Controlling and Performance Evaluation team
The role of the management accountant and the management accounting information system in the planning, controlling and performance evaluation processes. The management accountant as part of the managerial team.
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Planning
The budgeting concept, Budgetary behaviour, Importance of budgeting. How the budget fits into the strategic objectives of the organisation. Budget setting. Preparation of the Master Budget, including the income statement budget and cash flow budget. Modern Budgetary techniques. Use of IT and in particular the internet/intranet in budgeting.
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Budgetary Control Systems
Revision of flexing the budget for planning and control and standard costing and basic variances. Advanced variance analysis and reports. Mix and Yield variances. Appreciation and interpretation of variances reconciling actual to budgeted performance. Variances in the service sector.
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Performance Measurement
Responsibility Accounting, measuring divisional performance, Transfer Pricing, financial and non-financial performance measures.
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Introduction to Modern Developments
For example: The importance on non-financial measures of performance in modern organisations. The role of IT in providing reports. Emerging philosophies in management and manufacturing, eg World Class Manufacturing, Just-in-time (JIT), Supply chain management.
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| Assessment Breakdown | % |
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| Course Work | 30.00% |
| End of Module Formal Examination | 70.00% |
| Course Work |
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| Assessment Type |
Assessment Description |
Outcome addressed |
% of total |
Assessment Date |
| Practical/Skills Evaluation |
Cross Modular Assessment with IAS module - Examination of Budgets and Budgetary Control using the Excel skills acquired in the IAS module |
3,5 |
30.0 |
Week 7 |
| End of Module Formal Examination |
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| Assessment Type |
Assessment Description |
Outcome addressed |
% of total |
Assessment Date |
| Formal Exam |
End-of-Semester Final Examination |
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.
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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 |
Lecture and practical demonstration |
4.0 |
Every Week |
4.00 |
| Independent & Directed Learning (Non-contact) |
Reviewing notes and recommended readings. Trying examples themselves. Preparation of material for tutorials and lectures. Preparation for the continuous assessment and the final assessment. |
3.0 |
Every Week |
3.00 |
| Total Hours |
7.00 |
| Total Weekly Learner Workload |
7.00 |
| Total Weekly Contact Hours |
4.00 |
| Workload: Part Time |
| Workload Type |
Workload Description |
Hours |
Frequency |
Average Weekly Learner Workload |
| Lecture |
Lecture and practical application |
2.0 |
Every Week |
2.00 |
| Independent & Directed Learning (Non-contact) |
Reviewing notes and recommended readings. Trying examples themselves. Preparation of material for lectures. Preparation for the assessments. |
5.0 |
Every Week |
5.00 |
| Total Hours |
7.00 |
| Total Weekly Learner Workload |
7.00 |
| Total Weekly Contact Hours |
2.00 |
Module Resources
| Recommended Book Resources |
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- Pauline Weetman 2006, Management Accounting, Financial Times/Prentice Hall [ISBN: 0273701991]
| | Supplementary Book Resources |
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- Drury, Colin 2015, Cost and Management Accounting, 9 Ed., Centage Learning, England [ISBN: 480893931]
- Seal, Rohde, Garrison and Noreen 2014, Management Accounting, 5th Ed., McGraw Hill England [ISBN: 0077157508]
| | This module does not have any article/paper resources |
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| Other Resources |
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- Website: Chartered Institute of Management
Accountants
- Website: Balanced Scorecard
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Module Delivered in
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