This module introduces students to core concepts in management and cost accounting. The module is designed to give students the technical and analytical skills required for more advanced study of management accounting. Typically the module will cover topics such as:
The role of management accounting in the management process; cost units objects; concepts and classification; accounting for materials, labour and overheads; job costing, process costing and activity based costing; absorption and variable costing; cost-volume-profit analysis.
Learning Outcomes
By the end of the module students should be able to:
Explain the conceptual framework of cost and management accounting including its role in decision-making
Demonstrate a comprehensive understanding of the documents, procedures and records relating to accounting for materials, labour and overheads
Demonstrate a knowledge of different costing methods
Identify and apply appropriate costing methods in a variety of business situations
Interpret and apply the results of cost analysis to inform simple business decisions
Assessment
29413-01 : Into to Man Acct BC Pathway Class Test : Exam (Centrally Timetabled) - Written Unseen (25%)
29413-02 : Into to Man Acct BC Pathway Exam : Exam (Centrally Timetabled) - Written Unseen (75%)
Assessment Methods & Exceptions
Assessments: 45 minute class test 25%, 2 hour examination 75%,
Reassessment: 2 hour examination 100%