# MMath Mathematics with Financial Mathematics

Year of entry: 2023

## Course unit details:Fundamentals of Management Accounting

Unit code BMAN10632 10 Level 1 Semester 2 Alliance Manchester Business School Yes

### Overview

Topics studied are as follows:
•    Introduction to management accounting and cost concepts
•    Cost-Volume-Profit Analysis
•    Relevant Costing and Marginal Analysis 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.
• Analyse cost behaviour in relation to output; calculate break-even point, target profit and margin of safety. Apply marginal analysis and relevant costing technique to make a variety of short-term business decisions.
• Calculate and analyse the full cost using the traditional and activity-based costing approaches.
• Explain the interlinking of various budgets within a business by preparing budgets, conducting basic variance analysis and evaluating the role of budgets for performance evaluation.
• Critically evaluate 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 split between lectures, workshops, self-study and preparation for classes and examinations.

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

Informal Contact Methods
1. Office Hours
2. Online Learning Activities (discussions, self-assessment questions)

### 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 team working, 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

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

Core Text Book
Drury, C. & Tayles, M. (2021) Management Accounting for Business.  Cengage. 8th edition. ISBN 978-1-4737-7880-1

Supplementary Text Book
Atrill and McLaney ’Management Accounting for Decision Makers’, Pearson. 8 Edition ISBN 978-1-292-07243-2

### Study hours

Scheduled activity hours
Assessment written exam 1.5
Lectures 20
Practical classes & workshops 5
Independent study hours
Independent study 75

### Teaching staff

Staff member Role
Sung Hwan Chai Unit coordinator

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.