Last modified: 27 Jul 2020 14:00
This course extends the operational tools and techniques introduced in AC1514. It develops more complex problem-solving techniques in the planning, control and decision-making process. It shows how quantitative methods and analytical techniques can be applied in management accounting solutions to management problems. It also emphasises the diverse industrial, commercial and not-for-profit settings in which management accountants work. It seeks to develop in students an understanding the organisational context as well as the nature of management accounting information. The focus is to enhance students' problem-solving and communication skills, and develop their ability to select and apply appropriate techniques in specific contexts.
|Session||First Sub Session||Credit Points||15 credits (7.5 ECTS credits)|
Students should, by the end of the course, demonstrate a sound understanding of the following management accounting techniques and procedures, and should be able to apply them in relevant decision making:
COST ACCUMULATION AND ESTIMATION (e.g. Traditional absorption costing, activity-based costing – ABC and process costing)
DECISION MAKING (e.g. Cost volume profit analysis, measuring cost as well as pricing decisions and profitability analysis)
Students should demonstrate an ability to select and apply them appropriately in specific contexts.
Information on contact teaching time is available from the course guide.
MCQ tests (30%)
There are no assessments for this course.
|Knowledge Level||Thinking Skill||Outcome|