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Session: 2022/23
Last modified: 08/04/2022 09:34:26
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Title of Module: Management Accounting 2 |
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Code: ACCT08004 |
SCQF Level: 8
(Scottish Credit and Qualifications Framework) |
Credit Points: 20 |
ECTS: 10
(European Credit Transfer Scheme) |
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| School: | School of Business & Creative Industries |
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| Module Co-ordinator: | Nasir
Kolade |
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| Summary of Module |
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Your module, which builds on knowledge gained at the previous level, develops the use of both traditional and contemporary cost accounting systems; it introduces you to the Theory of Constraints and application of quantitative techniques (limiting factors, profit maximization; regression & correlation); it explores different budgeting techniques and the problems inherent in them, and examines performance measurement and control through detailed variance analyses. Relevant costing principles and techniques are used to inform a wide variety of financial decisions.
You will benefit from the professional experience and scholarship of your lecturers in this module.
This module is suitable for delivery overseas.
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| Module Delivery Method |
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| Face-To-Face | Blended | Fully Online | HybridC | HybridO | Work-based Learning |
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Face-To-Face
Term used to describe the traditional classroom environment where the students and the lecturer meet synchronously in the same room for the whole provision.
Blended
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.
HybridC
Online with mandatory face-to-face learning on Campus
HybridO
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.
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| Term(s) for Module Delivery |
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(Provided viable student numbers permit).
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| Term 1 | | Term 2 | | Term 3 | |
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| Learning Outcomes: (maximum of 5 statements) |
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On successful completion of this module the student will be able to:
L1.
Apply both traditional and contemporary approaches to cost accounting in a variety of contexts
L2.
Determine costs, the optimum product mix and maximum profit using a variety of quantitative techniques; discuss various pricing strategies available to firms
L3.
Explain and apply the principles of standard costing and variance analysis, develop budgets using both traditional and contemporary techniques, evaluate uses of budgets in a variety of contexts; discuss the issues raised by those that advocate techniques ‘beyond budgeting’
L4.
Apply and discuss relevant costing principles in a wide range of decision making scenarios |
| Employability Skills and Personal Development Planning (PDP) Skills |
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| SCQF Headings |
During completion of this module, there will be an opportunity to achieve
core skills in:
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| Knowledge and Understanding (K and U) |
SCQF Level 8.
Developing a broad knowledge of specific areas of management accounting practice; Developing a more detailed knowledge of key areas of management accounting; Demonstrating an awareness of some current issues in management accounting; Demonstrating knowledge of research within a given context. |
| Practice: Applied Knowledge and Understanding |
SCQF Level 8.
Applying a range of management accounting techniques and practice in the context of routine organisation settings and Identifying problems and issues within organisations |
| Generic Cognitive skills |
SCQF Level 8.
Undertaking critical thinking analysis including the ability to identify assumptions, evaluate statements and define terms; Demonstrating effective problem solving and decision making skills using relevant skills to identify, formulate and solve organisation problems within a given or routine context; Undertaking research into a specified area of management accounting either individually or as part of a group. |
| Communication, ICT and Numeracy Skills |
SCQF Level 8.
Using a range of routine management accounting skills and techniques in a more demanding situation; Using a range of communication skills and some advanced skills to present complex information to a range of audiences and in various situations; Using more complex mathematical techniques to determine optimum solutions; Using advanced spreadsheet tools as an aid in problem solving |
| Autonomy, Accountability and Working with others |
SCQF Level 8.
Demonstrate the ability to work autonomously and using one’s own initiative within controlled situations; Working either as part of a team or as team leader whilst taking account of the responsibility for one’s own work and that of others; Using appropriate resources, planning of work, the needs of own and other roles within the group in given or familiar settings |
| Pre-requisites: |
Before undertaking this module the student should have
undertaken the following:
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Module Code:
ACCT07005
| Module Title:
Management Accounting 1
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| Other: | HNC Accounting |
| Co-requisites | Module Code:
| Module Title:
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* Indicates that module descriptor is not published.
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| Learning and Teaching |
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This module, which builds on knowledge gained at the previous level, uses a series of lectures to provide you with information on the use of both traditional and contemporary cost accounting systems; it introduces you to the Theory of Constraints and application of quantitative techniques (limiting factors, profit maximization; regression & correlation); it explores different budgeting techniques and the problems inherent in them, and examines performance measurement and control through detailed variance analyses. Relevant costing principles and techniques are used to inform a wide variety of financial decisions.
Assessment will be by way of an unseen class test worth 30% of the final module mark and by an unseen 2 hours long formal examination worth 70% of the final mark. These are both used to assess knowledge and understanding but also to ensure that you are able to analyse issues relating to the use of Management Accounting techniques.
Support for this is provided by a recommended text with reference to the relevant lectures and tutorials. There are also a number of revision quizzes and past papers provided to improve the overall standard of student performance.
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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 Delivery | 24 |
| Tutorial/Synchronous Support Activity | 12 |
| Independent Study | 164 |
| 200
Hours Total
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**Indicative Resources: (eg. Core text, journals, internet
access)
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The following materials form essential underpinning for the module content
and ultimately for the learning outcomes:
Recommended Text
Drury, J.R. (latest edition), Management and Cost Accounting,Andover: Cengage.
BPP Learning Materials, P2 Performance Management (study text - latest edition).
CIMA P1 Management Accounting Study Text (latest edition), Kaplan Publishing Limited
CIMA P2 Advanced Management Accounting Study Text (latest edition), Kaplan Publishing Limited
Journals
Financial Management CIMA ( monthly publication )
Relevant websites
www.cimaglobal.com knowledge bank
www.accaglobal.com research reports online
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(**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)
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| Engagement Requirements |
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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 Board | Accounting, Finance and Law |
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| Assessment Results (Pass/Fail) |
No
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| Subject Panel | Accounting, Finance & Law |
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| Moderator | Gerry McPake |
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| External Examiner | L McCann |
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| Accreditation Details | This module contributes to the exemptions from various professional examinations attributable to the Bachelor of Accounting programme. Contact School for current details. |
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| Version Number | 2.08 |
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| Assessment: (also refer to Assessment Outcomes Grids below) |
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| Coursework - 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.)
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Assessment Outcome Grids (Footnote A.)
Footnotes
A. Referred to within Assessment Section above
B. Identified in the Learning Outcome Section above
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Note(s):
- More than one assessment method can be used to assess individual learning outcomes.
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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.
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| Equality and Diversity |
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To complete this module successfully, access to appropriate ICT facilities will be required to enable you to engage with VLE (Moodle) for lecture notes, tutorial questions, additional study materials, as well as assessment guidance.
In addition, you will be required to undertake a two hour, closed book, hand written exam. Where identified, appropriate arrangements will be made additional assessment time and facilities.
UWS Equality and Diversity Policy |
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(N.B. Every effort
will be made by the University to accommodate any equality and diversity issues
brought to the attention of the School)
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