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Session: 2021/22

Last modified: 28/04/2021 16:59:19

Title of Module: Exploring Management Accounting

Code: ACCT07015 SCQF Level: 7
(Scottish Credit and Qualifications Framework)
Credit Points: 10 ECTS: 5
(European Credit Transfer Scheme)
School:School of Business & Creative Industries
Module Co-ordinator:Richard  Tawiah

Summary of Module

The module introduces you to the role and purpose of accounting and finance functions within a business. Lectures, practical tutorials and VLE activities guide you through: the international financial environment in which a business operates; approaches to costing, budgeting and financial decision-making. You will gain a broad knowledge and understanding of the management accounting functions within business.

Module Delivery Method
Face-To-FaceBlendedFully Online
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Term used to describe the traditional classroom environment where the students and the lecturer meet synchronously in the same room for the whole provision.

Fully Online
Instruction that is solely delivered by web-based or internet-based technologies. This term is used to describe the previously used terms distance learning and e learning.

A mode of delivery of a module or a programme that involves online and face-to-face delivery of learning, teaching and assessment activities, student support and feedback. A programme may be considered “blended” if it includes a combination of face-to-face, online and blended modules. If an online programme has any compulsory face-to-face and campus elements it must be described as blended with clearly articulated delivery information to manage student expectations

Campus(es) for Module Delivery
The module will normally be offered on the following campuses / or by Distance/Online Learning: (Provided viable student numbers permit)
Paisley:Ayr:Dumfries:Lanarkshire:London:Distance/Online Learning:Other:
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Term(s) for Module Delivery
(Provided viable student numbers permit).
Term 1check markTerm 2check markTerm 3check mark

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Learning Outcomes: (maximum of 5 statements)

On successful completion of this module the student will be able to:

L1. Demonstrate an understanding of a range of techniques used in costing and budgeting of products, services and business ventures.

L2. Apply marginal (variable) costing techniques as a tool for financial decision-making and break-even analysis.

Employability Skills and Personal Development Planning (PDP) Skills
SCQF Headings During completion of this module, there will be an opportunity to achieve core skills in:
Knowledge and Understanding (K and U) SCQF Level 7.

Demonstrate and/or work with:
• Knowledge that is embedded in the main theories, concepts and principles of the finance function in terms of how it interacts with business operations and decisions.
• An awareness of the dynamic nature of knowledge and understanding of the finance function in particular in relation to the role and function of the management accountant in costing, budgeting and decision-making.

Practice: Applied Knowledge and Understanding SCQF Level 7.

Apply knowledge, skills and understanding:
• In routine techniques and concepts common to the roles of management accountant and financial manager.

Generic Cognitive skills SCQF Level 7.

• Use routine techniques that support business decisions
• Identify optimal courses of action through evaluation of quantitative or financial information.
• Evaluate cost information in order to understand business cost structure.

Communication, ICT and Numeracy Skills SCQF Level 7.

Use a wide range of routine skills and some advanced skills associated with a subject/discipline/sector, for example:
• Convey some simple and complex ideas in well-structured and coherent form.
• Use a range of forms of communication effectively in both familiar and unfamiliar contexts.
• Select and use standard ICT applications to process and obtain a variety of information and data
• Use a range of numerical and graphical skills in combination.
• Use numerical and graphical data to measure progress and achieve goals/targets.

Autonomy, Accountability and Working with others SCQF Level 7.

• Exercise some initiative and independence in carrying out defined activities.
• Take account of own responsibilities when carrying out and evaluating tasks.

Pre-requisites: Before undertaking this module the student should have undertaken the following:
Module Code:
Module Title:
Co-requisitesModule Code:
Module Title:

* Indicates that module descriptor is not published.

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Learning and Teaching
A variety of learning and teaching activities will be used in the delivery of the module, aligned to student assessment. The module adopts a whole class teaching approach offering a balance between discussion and active student participation in applying financial techniques within class activity time. A variety of teaching aids will be used in classroom sessions including: PowerPoint, Excel, Internet and Web resources. Case study examples and VLE resources and activities offer ample opportunity for students to develop lifelong learning skills in terms of collaborations and teamwork, basic research skills, communication and information literacy, in line with the needs of a graduate of the future. Student engagement and participation will be supported through the module VLE site. Continuous formative feedback will be available via class and forum participation and VLE tests and quizzes. Learning will be supported by VLE: media files, web links, and other activities, offering summary and further exploration of key concepts.
Learning Activities
During completion of this module, the learning activities undertaken to achieve the module learning outcomes are stated below:
Student Learning Hours
(Normally totalling 200 hours):
(Note: Learning hours include both contact hours and hours spent on other learning activities)
Lecture/Core Content Delivery18
Independent Study82
100 Hours Total

**Indicative Resources: (eg. Core text, journals, internet access)

The following materials form essential underpinning for the module content and ultimately for the learning outcomes:

Scott, P. Accounting for Business, Oxford University Press (current edition).

Details of further resources, including textbooks, journals and online resources will be identified at the beginning of each delivery in the module handbook and made available via Moodle.

(**N.B. Although reading lists should include current publications, students are advised (particularly for material marked with an asterisk*) to wait until the start of session for confirmation of the most up-to-date material)

Attendance Requirements

In line with the Academic Engagement and Attendance Procedure, Students are defined as academically engaged if they are regularly engaged with timetabled teaching sessions, course-related learning resources including those in the Library and on Moodle, and complete assessments and submit these on time. Please refer to the Academic Engagement and Attendance Procedure at the following link: Academic engagement and attendance procedure

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Supplemental Information

Programme BoardAccounting, Finance and Law
Assessment Results (Pass/Fail) No
Subject PanelAccounting, Finance & Law
ModeratorHeather Tarbert
External ExaminerH Chaudhri
Accreditation Details
Version Number


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Assessment: (also refer to Assessment Outcomes Grids below)
Unseen closed book examination of 1.5 hours in duration.
(N.B. (i) Assessment Outcomes Grids for the module (one for each component) can be found below which clearly demonstrate how the learning outcomes of the module will be assessed.
(ii) An indicative schedule listing approximate times within the academic calendar when assessment is likely to feature will be provided within the Student Handbook.)

Assessment Outcome Grids (Footnote A.)

Component 1
Assessment Type (Footnote B.) Learning Outcome (1) Learning Outcome (2) Weighting (%) of Assessment ElementTimetabled Contact Hours
Unseen closed book (standard)check markcheck mark1001.5
Combined Total For All Components100% 1.5 hours

A. Referred to within Assessment Section above
B. Identified in the Learning Outcome Section above

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  1. More than one assessment method can be used to assess individual learning outcomes.
  2. Schools are responsible for determining student contact hours. Please refer to University Policy on contact hours (extract contained within section 10 of the Module Descriptor guidance note).
    This will normally be variable across Schools, dependent on Programmes &/or Professional requirements.

Equality and Diversity
he Equality, Diversity and Human Rights policy underpins student engagement. We aim to make UWS a fair and equal place to study an institution which addresses specific issues covering all aspects of equality, diversity and human rights. Where required module assessment will be adapted to meet student requirements.

UWS Equality and Diversity Policy
(N.B. Every effort will be made by the University to accommodate any equality and diversity issues brought to the attention of the School)

2014 University of the West of Scotland

University of the West of Scotland is a Registered Scottish Charity.

Charity number SC002520.