ACC30030 Cost Management

Academic Year 2023/2024

Cost Management can be defined as the information set that managers need in decision making to ensure that the firm is successful. It includes both financial information about costs and revenues but also relevant non-financial information about quality, customer satisfaction and other critical success factors. Cost Management recognises that costs do not just happen they are caused. Topics covered include the strategic role of Cost Management systems, cost accumulation systems, Cost Management techniques such as activity based costing, customer profitability analysis, cost of quality reporting, target costing, life-cycle costing and bench-marking. The course also includes research findings on Cost-Management systems.

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Curricular information is subject to change

Learning Outcomes:

On completion of this module students should be able to:
1. Understand and apply the principles of cost accounting to inventory valuation and profit measurement.
2. Appreciate the role of Cost Management in improving an organization's activities and processes.
3. Appreciate the role of Cost Management in helping organiszations meet their strategic goals.
4. Apply Cost Management techniques in a variety of business organizations.
5. Critically evaluate current issues in Cost Management.

Indicative Module Content:

Cost Management can be defined as the information set that managers need in decision making to ensure that the firm is successful. It includes both financial information about costs and revenues but also relevant non-financial information about quality, customer satisfaction and other critical success factors. Cost Management recognises that costs do not just happen they are caused. Topics covered include the strategic role of Cost Management systems, cost accumulation systems, Cost Management techniques such as activity based costing, customer profitability analysis, cost of quality reporting, target costing, life-cycle costing and bench-marking. The course also includes research findings on Cost-Management systems.

Student Effort Type Hours
Lectures

24

Tutorial

12

Specified Learning Activities

24

Autonomous Student Learning

74

Total

134

Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Incompatibles:
SMGT10010 - Financial Management of Sport, SMGT30190 - Adv Financial Mgt of Sport


 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Examination: Exam 2 hour End of Trimester Exam No Standard conversion grade scale 40% No

80

Continuous Assessment: In Class Quiz Throughout the Trimester n/a Standard conversion grade scale 40% No

20


Carry forward of passed components
No
 
Resit In Terminal Exam
Spring Yes - 2 Hour
Feedback Strategy/Strategies

• Group/class feedback, post-assessment

How will my Feedback be Delivered?

Not yet recorded.

Name Role
Ms Celine Craddock Tutor
Autumn
     
Lecture Offering 1 Week(s) - Autumn: All Weeks Tues 16:00 - 17:50
Tutorial Offering 1 Week(s) - Autumn: All Weeks Thurs 15:00 - 15:50
Tutorial Offering 2 Week(s) - Autumn: All Weeks Thurs 16:00 - 16:50
Autumn
     

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