Programme And Module Handbook
Course Details in 2019/20 Session

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Module Title LI Management Accounting
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 07 12402
Module Lead Tim Mason
Level Intermediate Level
Credits 10
Semester Semester 1
Pre-requisites Introduction to Management Accounting - (07 19663)
Restrictions Students on BSc Money, Banking and Finance must have passed 07 26357 Introduction to Management Accounting in order to be eligible to register upon this module.
Contact Hours Lecture-22 hours
Seminar-5 hours
Guided independent study-73 hours
Total: 100 hours

This module starts by re-visiting product costing, before moving to activity-based, process, joint and by-product costing.  The next part of the module focuses on budgeting and related issues.  Finally we address standard costing and variance analysis.

Learning Outcomes

By the end of the module the student will be able to:

  • prepare product costs using both the traditional and activity based approaches;
  • apply costing techniques to organisations engaged in process production and be able to prepare process, normal loss, abnormal loss and abnormal gain accounts; and value closing stock of work-in-progress using different stock valuations methods;
  • present relevant financial information for decisions relating to joint and by-products;
  • demonstrate knowledge and understanding of the roles of budgetary control systems in different types of organisations and be able to prepare various budgets;
  • demonstrate knowledge and understanding of the role of standard costing techniques and be able to prepare variance analysis statements;
  • evaluate the limitations of budgetary control and standard costing systems in today's dynamic business environment.
Assessment 12402-01 : 1,000 word Essay : Coursework (40%)
12402-02 : 2hr Exam : Exam (Centrally Timetabled) - Written Unseen (60%)
Assessment Methods & Exceptions Assessment: Individual 1,000 word essay (40%); 2 hour exam (centrally timetabled) - Written Unseen (60%).
Reassessment: 2 hour written examination (100%)
Reading List