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Session: 2022/23
Last modified: 29/03/2022 15:54:34
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Title of Module: Strategic Management Accounting |
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Code: ACCT11024 |
SCQF Level: 11
(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: | Abeer
Hassan |
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| Summary of Module |
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This module encompasses 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 critically evaluated and contrasted with 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 and appraised. Relevant costing techniques used in business are introduced (marginal costing, job costing, process costing) and applied in case study scenarios. The use of number of management accounting techniques in supporting short term decision-making (CVP, BEP, relevant costing, limiting factors) are extensively appraised. The module also critically evaluates the preparation and use of budgeting, standard costing and variance analysis 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 module also offers students the opportunity to conceptualise and debate a range of contemporary issues relating to management accounting.
- This module encompasses the disciplines of costing and management accounting techniques which are used to make and support decision-making
- The classification of costs (production – non production, direct – indirect) and behaviour of cost (fixed – variable – semi variable) are explore
- The use of number of management accounting techniques in supporting short term decision-making (CVP, BEP, relevant costing, limiting factors) are extensively appraised.
- The module also critically evaluates the preparation and use of budgeting, standard costing and variance analysis as essential tools for planning and controlling business costs.
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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.
L1. Critically evaluate the principles of costing and apply them to various business scenarios and decisions
L2.
L2. Deal with complex issues arising from budgetary control and performance measurement
L3.
L3. Develop responses to current issues and on-going challenges in management accounting |
| 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 11.
Demonstrate a critical understanding of the principle theories and concepts of management accounting;
A systematic knowledge and understanding of management accounting issues informed by the current academic discipline.
A critical understanding of a range of specialised concepts, theories and techniques based on empirical research findings that underpin the study and practice of financial accounting.
Continue to advance their knowledge and understanding, and develop new skills to a high level. |
| Practice: Applied Knowledge and Understanding |
SCQF Level 11.
Use a significant range of practical skills and techniques associated with the practice of mangement accounting.
Show a comprehensive understanding of techniques applicable to management accounting.
Demonstrate originality in the application of knowledge, together with a practical understanding of how established techniques of research and enquiry are used to create and interpret knowledge in management accounting.
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| Generic Cognitive skills |
SCQF Level 11.
Deal with complex issues both systematically and creatively, whilst making rigorous, robust judgments in the absence of complete data |
| Communication, ICT and Numeracy Skills |
SCQF Level 11.
Communicate strategic conclusions in a persuasive manner to specialist and non-specialist audiences using a wide range of ICT applications.
Undertake a critical evaluation on a range of numerical and graphical management accounting data.
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| Autonomy, Accountability and Working with others |
SCQF Level 11.
Demonstrate autonomy and originality in tackling and solving problems, and act autonomously in planning and implementing tasks at a professional and equivalent level. |
| Pre-requisites: |
Before undertaking this module the student should have
undertaken the following:
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Module Code:
| Module Title:
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| Other: | |
| 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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The Learning and Teaching strategy of this module has been developed with reference to a number of internal and external benchmarks, with particular reference to the QAA benchmark statement for Masters degrees in Business and Management, the University’s Learning Teaching and Assessment Strategy and Internationalisation Strategy. Learning and teaching will be externally informed through the professional bodies’ syllabuses. Attending students will have access to learning in a physical space and the online students will have similar access to the eLearning environment. Students will be encouraged to reflect on their learning at the end of each session and to update, as appropriate, their Personal Development Plan.
Learning Activities
As a guide it is recommended that students should dedicate up to 12 hours per week to complete all the additional material in the form of narratives, slide shows, quizzes and other exercises that are provided on the CampusMoodle site. In addition there is a need for all students to recognise their own time to be used for personal development and additional reading of journals and articles as appropriate.
Face to face students will be monitored by attendance at lectures and tutorials and online students will be monitored for their access and use of the material on CampusMoodle. It is particularly important that online students are allocating sufficient time to their studies and if they encounter problems they must notify their personal tutor or/and Module Co-ordinators at once.
The class test will offer student opportunity to demonstrate core skills and techniques of management accounting. The unseen examination will test the students’ abilities to demonstrate their depth of knowledge and understanding by carrying out computations, evaluate and discuss implications for implementing management accounting techniques.
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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 |
| Independent Study | 144 |
| Tutorial/Synchronous Support Activity | 12 |
| Personal Development Plan | 20 |
| 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 Texts:
Drury,C. Management accounting for Business - Latest edition
CIMA (Performance Stream)
CIMA Study Text Paper P1. BPP. Learning Materials or Kaplan Publishing
CIMA Study Text Paper P2. BPP. Learning Materials or Kaplan Publishing
Additional:
Relevant websites:
www.cima.org.uk knowledge bank
www.accglobal.com-research reports online
Journals:
Journal articles will be frequently referred to during the module and will be chosen to reflect the most modern thinking on the subject. The following articles are given as indicative:
Carr, Chris, Katja Kolehmainen, and Falconer Mitchell. "Strategic investment decision making practices: a contextual approach." Management Accounting Research 21.3 (2010): 167-184.
Garrison, Ray H., et al. "Managerial accounting." Issues in Accounting Education 25.4 (2010): 792-793.
Labro. "Costing Systems". Foundations and Trends in Accounting (2019), Vol 13, No 3-4, pp. 267-404
Maha Faisal Alsayegh. "Activity Based Costing around the World: Adoption, Implementation, Outcomes and Criticism". Journal of Accounting and Finance in Emerging Economies Vol 6 No 1 (2020)
Heald & Hodges. "The accounting, budgeting and fiscal impact of COVID-19 on the United Kingdom". Journal of Public Budgeting, Accounting & Financial Management Vol. 32 No. 5, (2020) pp. 785-795
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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
Where a module has Professional, Statutory or Regulatory Body requirements these will be listed here:
Full time students are expected to meet the University 75% attendance requirement; demonstrate evidence of engagement with module resources; and under normal circumstances attempt all assessment elements. |
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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 | N Sutcliffe |
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| Accreditation Details | Chartered Institute of Management Accountants (CIMA) |
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| Version Number | 1.07 |
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| Assessment: (also refer to Assessment Outcomes Grids below) |
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Class Test weighted at 30% of the final module mark. A minimum mark of 39.5% must be gained to satisfy the aggregate rule.
Unseen Examination weighted at 70% of the final module mark. A minimum mark of 39.5% must be gained to satisfy the aggregate rule.
Overall a module mark of 50% must be gained to pass the module, subject to achieving a mark of at least 39.5% in each component element of assessment.
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| Closed Book Examination weighted at 70% of the final module mark. A minimum mark of 39.5% must be gained to satisfy the aggregate rule. |
(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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As per University regulations and policies.
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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