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Session: 2022/23

Last modified: 14/04/2021 12:54:35

Title of Module: Management Accounting 1

Code: ACCT07005 SCQF Level: 7
(Scottish Credit and Qualifications Framework)
Credit Points: 20 ECTS: 10
(European Credit Transfer Scheme)
School:School of Business & Creative Industries
Module Co-ordinator:Angela  Dunlop

Summary of Module

This module introduces you to the disciplines of costing and management accounting techniques which are used to make and support decision-making. The nature and purpose of cost accounting is discussed, highlighting the differences from financial accounting. The classification of costs (production – non production, direct – indirect) and behaviour of cost (fixed – variable – semi variable) are explored.  Accounting for material, labour and overheads is discussed.  A number of costing techniques used in business are introduced (marginal costing, job costing, process costing). The use of number of management accounting techniques in supporting short term decision-making (CVP, BEP, relevant costing, limiting factors) are developed. The module also introduces you to the preparation and use of budgeting and standard costing as essential tools for planning and controlling business costs

The learning outcomes covered in this module promote many non subject specialist skills such as problem solving skills and thinking skills. The transferable skills gained in this module will enhance your study skills for other topics.

You will benefit from the professional experience and scholarship of your lecturers in this subject.

The module is suitable for delivery overseas.

Module Delivery Method
Face-To-FaceBlendedFully OnlineHybridCHybridOWork-based Learning
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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.

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

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.

Online with mandatory face-to-face learning on Campus

Online with optional face-to-face learning on Campus

Work-based Learning
Learning activities where the main location for the learning experience is in the workplace.

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 1


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Learning Outcomes: (maximum of 5 statements)

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

L1. Classify various costs, determine and allocate material, labour and overhead costs, distinguish between marginal and absorption costing

L2. Understand the principles of costing and apply them to various scenarios

L3. Understand and demonstrate various costing methods and apply in decision making

L4. Prepare a variety of budgets and analyse actual performance versus planned

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.

Understanding the various classifications of cost and different cost behaviour patterns; distinguishing between a variety of costing methods and their suitability to certain organisations/ industries/scenarios; Developing a knowledge of budgetary control techniques

Practice: Applied Knowledge and Understanding SCQF Level 7.

Determining material, labour and overhead costs for pricing and forecasting decisions; applying relevant costing techniques to straightforward decisions; understanding how simplistic mathematical techniques can be used in forecasting cost data; preparing basic functional, flexible and cash budgets

Generic Cognitive skills SCQF Level 7.

Developing an appreciation of conflicting theories/research and an ability to evaluate theories

Communication, ICT and Numeracy Skills SCQF Level 7.

Communicating effectively and appropriately in written work; using VLEs; understanding basic arithmetic, statistical and mathematical techniques.

Autonomy, Accountability and Working with others SCQF Level 7.

Develop an ability to carry out independent research and to work effectively with others in study groups

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
This module uses a series of lectures to introduce you to elements of cost and to a range of costing techniques. The module then progresses to budget preparation and an introduction to control statement preparation. Formative assessment in tutorials enables you to practice the techniques introduced in the lectures in preparation for the class test and final examination. Formal examination is used to assess knowledge and understanding. This includes not only numerical material but also discursive questions in which you compare and evaluate various management accounting techniques.
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 Delivery24
Tutorial/Synchronous Support Activity12
Independent Study164
200 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:

Recommended Text
Drury, C. (current ed) Management and Cost Accounting, 9th Ed, Andover: Cengage

Supplementary Text
CIMA Study Text Paper C1

Management Accounting Fundamentals, BPP Learning Media Ltd - latest edition

ACCA Study Text Paper MA Management Accounting

Management Accounting, BPP Learning Media Ltd

Management Accounting, current edition, Atkinson, Kaplan & Young

Readings in Management Accounting, current edition, Young

Financial Management - CIMA ( monthly publication )

Relevant websites knowledge bank research reports online

(**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)

Engagement Requirements

In line with the Academic Engagement 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 the relevant learning platform, and complete assessments and submit these on time. Please refer to the Academic Engagement Procedure at the following link: Academic engagement procedure

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Supplemental Information

Programme BoardAccounting, Finance and Law
Assessment Results (Pass/Fail) No
Subject PanelAccounting, Finance & Law
ModeratorGerry McPake
External ExaminerH Chaudhri
Accreditation DetailsThis module contributes to the exemptions from various professional examinations attributable to the Bachelor of Accounting programme. Contact School for current details.
Version Number


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Assessment: (also refer to Assessment Outcomes Grids below)
Class Test - Note that the pass mark for this element is 40%, but where the overall module mark is 40% or more a mark of 35% or over will be counted as a pass.
Examination - Note that the pass mark for this element is 40%, but where the overall module mark is 40% or more a mark of 35% or over will be counted as a pass.
(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) Learning Outcome (3) Learning Outcome (4) Weighting (%) of Assessment ElementTimetabled Contact Hours
Class test (written)check markcheck markcheck mark 301

Component 2
Assessment Type (Footnote B.) Learning Outcome (1) Learning Outcome (2) Learning Outcome (3) Learning Outcome (4) Weighting (%) of Assessment ElementTimetabled Contact Hours
Unseen closed book (standard)check markcheck markcheck markcheck mark702
Combined Total For All Components100% 3 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
In order for you to complete the coursework element of this module, you will be required to approach a UK company to request data regarding stock systems and documentation used. It is expected that all students will be able to complete this task.
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.