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Module Title LH Managerial Accounting
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 07 15829
Module Lead Dr Michael Lucas
Level Honours Level
Credits 10
Semester Semester 2
Restrictions Available to Graduate Diploma in Business Administration, MBA 24mth Masters, MBA IBF 24mth Masters students as a compulsory module
Description The module explores the theory and practice of managerial accounting in its roles of decision making and planning in organisations. It equips students with the ability to identify types of situations and choose appropriate analytical techniques for each. It uses examples and case study material throughout to enable students to understand the concepts which underlie the provision of management accounting information. The module looks at the classification and tracing of costs and revenues to cost objects for different purposes, techniques of full absorption product costing, marginal costing, break-even analysis and relevant costs for different purposes are covered. Issues and techniques relating to budgeting, standard costing, responsibility accounting and measurement of management performance are defined and discussed. The course concludes with a brief review of developing areas in management and their impact on managerial accounting.
Learning Outcomes By the end of the module the student should be able to: Understand and explain the concepts and terminology of managerial accounting; Identify and Analyse financial data and draw appropriate conclusions in a variety of different ways; Prepare basic budgets and analyse variances between budgeted and actual outcomes; Understand the role of management accounting information in the monitoring and performance measurement of different units within an organisation; Discuss the strengths and limitations of the managerial accounting processes studied in the programme.
Assessment 15829-01 : Assignment : Coursework (50%)
15829-02 : Exam : Exam (Centrally Timetabled) - Written Unseen (50%)
Assessment Methods & Exceptions 3 hr written examination 50%, assignment 50%
Reading List Prowle, M. and Lucas M. Management Accounting in the Contemporary Business World, Palgrave Macmillan, 2016, ISBN 978-1-137-38776-9