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2013/14 Undergraduate Module Catalogue

LUBS2220 Management Accounting 2

20 creditsClass Size: 180

Module manager: Jessica Johnson
Email: j.c.johnson@leeds.ac.uk

Taught: Semesters 1 & 2 (Sep to Jun) View Timetable

Year running 2013/14

Pre-requisite qualifications

LUBS1235 Introductory Financial Accounting AND
LUBS1245 Introductory Management Accounting
OR
LUBS1920 Introductory Accouinting and Financial Management
OR
LUBS2235 Introductory Financial Accounting AND
LUBS2245 Introductory Management Accounting
Or
LUBS1230 Financial Accounting for Managers.

This module is approved as an Elective

Module summary

This module will familiarise students with both the theoretical role and purposes of management accounting and with all the major aspects of management accounting practice and will enable them to better understand the various techniques, and issues surrounding them, by which accountants provide useful information to assist managers with the activities of planning, controlling, decision-making and performance measurement and management within organisations of all types. Further information about the Business School is available on the website: Business School

Objectives

On completion of this module, students will:
- understand and explain the basic concepts and techniques of management accounting and apply these concepts and techniques in a variety of situations in order to solve practical problems
- understand how management accounting information may be used for purposes of planning, decision making, performance measurement and control within organisations, in order to further the organisation's strategic objectives
- have a firm technical grasp of the roles of management accounting and have explored its behavioural and organisational contexts.

Syllabus

- The purposes and historical emergence of management accounting, and its links with business strategy
- The principles of various costing techniques, including absorption costing, job costing, process costing, activity-based costing and marginal costing
- The application of relevant cost principles to organisational decision-making
- Cost/volume/profit analysis for single and multiple product scenarios
- Decision-making under conditions of risk and uncertainty
- Pricing and costing decisions
- The principles of management and management accounting control systems
- Standard costing and variance analysis and investigation of variances
- The budgetary process, including organisational and behavioural aspects
- Accounting information for short and long term decisions
- Special issues in large organisations such as decentralisation, transfer pricing, critical success factors, frameworks for performance measurement, behavioural issues in systems design
- Issues in strategic management accounting
- Cost management and the balanced scorecard.

Teaching methods

Delivery type	Number	Length hours	Student hours
Lecture	22	2.00	44.00
Seminar	8	1.00	8.00
Private study hours			148.00
Total Contact hours			52.00
Total hours (100hr per 10 credits)			200.00

Opportunities for Formative Feedback

- Formative feedback will be provided to students in class discussions and as they work through practical exercises to test their understanding of module material.
- Feedback will also be provided by means of allowing students to undertake a range of MCQs during Semester 2 of the module.
- Students can also obtain feedback on a one-to-one basis from the module leader outside the class setting.

Methods of assessment

Exams

Exam type	Exam duration	% of formal assessment
Standard exam (closed essays, MCQs etc)	3 hr 00 mins	100.00
Total percentage (Assessment Exams)		100.00

Resit by 3 hour written paper.

Reading list

The reading list is available from the Library website

Last updated: 22/04/2013

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