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BSc Management (Human Resources) with Industrial/Professional Experience

Year of entry: 2020

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Course unit details:
Fundamentals of Management Accounting M

Unit code BMAN10632M
Credit rating 10
Unit level Level 1
Teaching period(s) Semester 2
Offered by Alliance Manchester Business School
Available as a free choice unit? No

Overview

Topics studied are as follows:

•       Introduction to management accounting

•       Cost-Volume-Profit Analysis

•       Relevant and Marginal Costing for decision making

•       Full Costing

•       Budgeting and Control

•       Strategic Management Accounting

Pre/co-requisites

Unit title Unit code Requirement type Description
Fundamentals of Financial Reporting BMAN10621M Pre-Requisite Compulsory
BMAN10621(M) is a pre-requisite of BMAN10632(M). This course is restricted to students on Management, Management specialisms, IMABS and IM.

Pre-requisite course units have to be passed by 40% or above at the first attempt unless a higher percentage is indicated within this course outline. If the pre-requisite unit is defined as a compulsory course unit within your programme of study (Maths with Finance, IBFE, Accounting, BA Econ pathways for example) then progression onto the dependent unit is permitted as long as you have gained the appropriate amount of credit to progress on to the following year of your registered undergraduate programme.

 

Aims

This course aims to give students an understanding of the fundamental principles and concepts involved in management accounting from the perspective of business decision makers rather than accounting specialists. It aims to introduce techniques of how to produce useful information, how to analyse that information to help a business plan and control its activities, and to assist in making informed decisions in various commercial circumstances.

Learning outcomes

At the end of this course, you should be able to:

  • Explain and discuss the differences between financial accounting and management accounting. Discuss the types of decisions where management accounting can provide useful information.
  • Understand cost behaviour in relation to output; calculate break-even point and margin of safety. Use marginal analysis and relevant costing technique to make a variety of short-term business decisions.
  • Calculate the full cost using the traditional and activity based costing approaches.  
  • Explain the interlinking of various budgets within a business, prepare budgets and conduct basic variance analysis, and discuss the limitations of budgets for performance evaluation.
  • Consider non-financial information for different types of industries and scenarios and use this information to evaluate performance and make informed business decisions.

Teaching and learning methods

Methods of delivery - lectures and workshops.
Lecture hours: 20 hours
Workshops : 1 hour per week for 5 weeks.
Independent : 75 hours

Total study hours: 100 hours split between lectures, workshops, self-study and preparation for classesand examinations.

Note: Independent study includes reading, preparation for classes, homework and completion of practical quizzes, preparation for exam.

 

Assessment methods

100% closed-book examination in the summer period. Duration 1.5 hours.

Feedback methods

  •  Informal advice and discussion during a lecture, or workshop.
  • Online exercises and practice quizzes delivered through the Blackboard course space.
  • Responses to students’ emails and questions from a member of staff.
  •  Feedback provided  via the online discussion forum.
  • Written and/or verbal comments on practical/worked exercises.
  • Feedback on coursework performance
  • Generic feedback posted on Blackboard regarding overall examination performance.


 

Recommended reading

Drury, C. (2018) Management Accounting for Business.  Cengage. 7th edition. 

 

Supplemetary Text Book

Atrill and McLaney ’Management Accounting for Decision Makers’, 8 Edition

 

 



 

Study hours

Scheduled activity hours
Assessment written exam 1.5
Lectures 20
Practical classes & workshops 5
Independent study hours
Independent study 73.5

Teaching staff

Staff member Role
Sofia Yasmin Unit coordinator

Additional notes

Other Teaching Staff: TBC

Pre-requisite course units have to be passed by 40% or above at the first attempt unless a higher percentage is indicated within this course outline. If the pre-requisite unit is defined as a compulsory course unit within your programme of study (Maths with Finance, IBFE, Accounting, BA Econ pathways for example) then progression onto the dependent unit is permitted as long as you have gained the appropriate amount of credit to progress on to the following year of your registered undergraduate programme.

Pre-requisites: BMAN10621(M)  Fundamentals of Financial Reporting

Co-requisites: None

Dependent course units: BMAN21040 Intermediate Management Accounting

BMAN10632(M) Fundamentals of Management Accounting is compulsory for students on first year BSc Management/Management Specialism, BSc International Management, BSc International Management with American Business Studies, BSc Information Technology Management for Business.

This course is NOT available to students on the following programmes BA (Econ), Finance, Accounting and Finance, Finance and Economics, BA International Business, Finance and Economics and BSc Accounting who must take BMAN10512 Introduction to Management Accounting instead.

For Academic Year 2020/21

Updated: March 2020

Approved by: March UG Committee

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