ACC40040 MAcc Management Accounting

Academic Year 2019/2020

The Module 'Management Accounting' is designed to equip students with the necessary skills required of a professional accountant in order to support mangerial decision making in for profit and not-for-profit organisations. The course will consist of two main strands, decision analysis techniques and cost accounting / cost management. A critical aspect of this course is the emphasis on the development of participants' professional decision-making and communication skills. Consequently, significant use will be made of case study material.The module provides a critical and comprehensive knowledge of the different decision-making tools with which professional accountants would be expected to be familiar, with as well as the practices of modern cost measurement methods and strategic cost management concepts. Accordingly, course coverage includes topics from cost behaviour, cost estimation, CVP analysis, relevant costs, decision-making under conditions of scarce resources, the pricing decision, life-cycle costing, target costing, capital investment appraisal (including CAPM / Fama-French approaches to determination of cost of equity and real options approaches for appraisal), uses of options for risk management, decision making under conditions of uncertainty and risk, simulation, data mining, traditional and modern approaches to product / service costing, and activity based management. These topics will be supplemented by current developments from academia and practice. A strong emphasis will be placed on the use of IT to support these topics.


Students must attempt all the assessment components of a module.

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Curricular information is subject to change

Learning Outcomes:

On completing this module, students will be expected to be able to:- Display advanced technical skills, including IT skills, in their ability to generate, analyse and communicate financial data to assist in mangerial decision making, appreciate the role of cost management in controlling a company's activities, processes, products and services- Be able to effectively communicate (in writing) with managers in order to support their decision-making needs- Be able to engage in self-directed learning via their ability to critically evaluate current issues in management accounting research.The basis of assessment for this course will be a terminal three hour exam. The assessment strategy for the terminal exam will follow the learning outcomes as described above. Assessment will seek to ascertain a student's ability both to prepare and analyse accounting information for decision-making purposes, to display their ability to critique the relevant methodologies, and to display their critical understanding of the strategic implications of mangerial decisions.

Indicative Module Content:

The Module 'Management Accounting' is designed to equip students with the necessary skills required of a professional accountant in order to support mangerial decision making in for profit and not-for-profit organisations. The course will consist of two main strands, decision analysis techniques and cost accounting / cost management. A critical aspect of this course is the emphasis on the development of participants' professional decision-making and communication skills. Consequently, significant use will be made of case study material.The module provides a critical and comprehensive knowledge of the different decision-making tools with which professional accountants would be expected to be familiar, with as well as the practices of modern cost measurement methods and strategic cost management concepts. Accordingly, course coverage includes topics from cost behaviour, cost estimation, CVP analysis, relevant costs, decision-making under conditions of scarce resources, the pricing decision, life-cycle costing, target costing, capital investment appraisal (including CAPM / Fama-French approaches to determination of cost of equity and real options approaches for appraisal), uses of options for risk management, decision making under conditions of uncertainty and risk, simulation, data mining, traditional and modern approaches to product / service costing, and activity based management. These topics will be supplemented by current developments from academia and practice. A strong emphasis will be placed on the use of IT to support these topics.


Students must attempt all the assessment components of a module.

Student Effort Type Hours
Lectures

36

Autonomous Student Learning

133

Total

169

Requirements, Exclusions and Recommendations
Learning Requirements:

Admission to the Master of Accounting Programme

Learning Exclusions:

None

Learning Recommendations:

Completion of an undergraduate Management Accounting course.


Module Requisites and Incompatibles
Not applicable to this module.
 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Examination: Final Examination 3 hour End of Trimester Exam No Alternative non-linear conversion grade scale 50% No

100


Carry forward of passed components
No
 
Resit In Terminal Exam
Spring Yes - 3 Hour
Feedback Strategy/Strategies

• Group/class feedback, post-assessment

How will my Feedback be Delivered?

Not yet recorded.

Name Role
Mr Michael McDonnell Lecturer / Co-Lecturer

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