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Unit Summary
Pre-requisites
Unit aim
Introduces the role of the management accountant, emphasising how management accountants support executive decision making in a global business context. By engaging in teacher directed activities, students will build analytical and problem solving skills to provide advice on issues associated with strategy and control, budgeting, costing techniques and organisational performance.
Unit content
Module 1: Managerial Accounting Introduction and Cost Allocation
Module 2: CVP Analysis and Activity Analysis
Module 3: The Master Budget and Variance Analysis
Module 4: Job and Process Costing
Module 5: LEAN management and transfer pricing
Module 6: Balanced Scorecard and Ethical Considerations
Learning outcomes
Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.
| On completion of this unit, students should be able to: | |
|---|---|
| 1 | Discuss the accountant's role in the organisational decision making process including the techniques for improving the contribution of the value-creating activities within the organisation. |
| 2 | Critically analyse management accounting concepts and techniques to support strategic business decisions. |
| 3 | Evaluate and apply different costing concepts and techniques to support the financial goals and day-to-day operations of the organisation. |
| 4 | Explain the role of budgets, the concept of standard costing and prepare a master budget and calculate detailed variances. |
On completion of this unit, students should be able to:
- Discuss the accountant's role in the organisational decision making process including the techniques for improving the contribution of the value-creating activities within the organisation.
- Critically analyse management accounting concepts and techniques to support strategic business decisions.
- Evaluate and apply different costing concepts and techniques to support the financial goals and day-to-day operations of the organisation.
- Explain the role of budgets, the concept of standard costing and prepare a master budget and calculate detailed variances.
Prescribed texts
- Prescribed text information is not currently available.