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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
Topic 1: Management accounting information, management decision making & ethics
Topic 2: Cost Allocation
Topic 3: Cost-volume-profit (CVP) analysis
Topic 4: Budgeting - Operational Budgets & developing a master budget
Topic 5: Variance analysis - Revenue & Cost
Topic 6: Job Costing
Topic 7: Process Costing
Topic 8: Activity-based Costing (ABC)
Topic 9: Strategy, control & the Balanced Scorecard
Topic 10: Managing Corporate Sustainability & Life cycle Analysis
Topic 11: Management of multinational organisations and transfer pricing
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
- No prescribed texts.