
- UCAS course code
- N2T7
- UCAS institution code
- M20
BSc International Management with American Business Studies
Year of entry: 2021
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Course unit details:
Fundamentals of Management Accounting M
Unit code | BMAN10632M |
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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 |
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 | |
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Independent study | 73.5 |
Teaching staff
Staff member | Role |
---|---|
Reimala Sivalingam | 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