Coronavirus information for applicants and offer-holders

We understand that prospective students and offer-holders may have concerns about the ongoing coronavirus outbreak. The University is following the advice from Universities UK, Public Health England and the Foreign and Commonwealth Office.

Read our latest coronavirus information

BAEcon Development Studies and Social Statistics

Year of entry: 2021

Course unit details:
Fundamentals of Management Accounting

Unit code BMAN10632
Credit rating 10
Unit level Level 1
Teaching period(s) Semester 2
Offered by Alliance Manchester Business School
Available as a free choice unit? Yes

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 A BMAN10621A Pre-Requisite Compulsory
Fundamentals of Financial Reporting B BMAN10621B Pre-Requisite Compulsory
BMAN10621(A) or (B) is a pre-req for BMAN10632. BMAN10632 is a free choice option for students with prior agreement from their home schools. Core for MathswFinMath (2nd year).

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(A) or BMAN10621(B) Fundamentals of Financial Reporting

 

Aims

This course unit 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 module, 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 study: 75 hours

Total study hours: 100 hours

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

Total study hours: 100 hours split between lectures, classes, self study and preparation for classes and examinations.

 

Employability skills

Other
At the end of the course students should have acquired various employability skills including wider business awareness, ability to interpret financial and non-financial information, and understanding key accounting concepts. Students will also acquire problem solving, decision making, time management, and analytical skills to interpret accounting information in order to make both short term and long term business decisions. These skills will help students to succeed in psychometric testing and assessment centre to secure graduate jobs.

Assessment methods

A closed-book examination in the summer period

Duration 1.5 hours

Conducted under examination conditions

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.
  • Generic feedback posted on Blackboard regarding overall examination performance.



 

Recommended reading

Core Text Book

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

Supplementary Text Book

Atrill and McLaney ’Management Accounting for Decision Makers’, 8 Edition ISBN 9781292072432

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
Natalya Shiryaeva 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(A) or BMAN10621(B) Fundamentals of Financial Reporting
Co-requisites: None
Dependent course units: BMAN21040 Intermediate Management Accounting

Programme Restrictions: BMAN10632 Fundamentals of Management Accounting is designed to be a self-contained introduction to management accounting for those students who are not specialists in accounting and is available as a free choice option to students who have received prior agreement from their registering School.

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

BMAN10632 is available to study abroad and exchange students admitted through the University of Manchester International Programmes Office.

For Academic Year 2020/21

Updated: March 2020

Approved by: March UG Committee

 

 

Return to course details