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2021/22 Undergraduate Module Catalogue

LUBS1245 Introductory Management Accounting

10 creditsClass Size: 239

Module manager: Sarah Swift

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2021/22

Pre-requisite qualifications

To be eligible to study LUBS1245 students must have completed at least one of the following co-requisite modules:


LUBS1225Accounting for Managers
LUBS1235Introductory Financial Accounting

This module is mutually exclusive with

LLLC0102Introduction to Accounting
LLLC1360Business Finance
LLLC1387Accounting for Non-Specialists
LUBS1915Introduction to Financial Accounting
LUBS1925Introduction to Management Accounting
LUBS2035Finance for Small Business

This module is approved as a discovery module

Module summary

This module provides a broad introduction to management accounting as a discipline and the commercial use of management accounting information. It affords you opportunities to get to grips with some of the main techniques used to support decision-making by managers. The module will provide a basis for you to study Intermediate Management Accounting at level 2 if you wish to develop your management accounting knowledge further. Prior management accounting knowledge is useful but not required.


The module aims to provide an introduction to the fundamental concepts and techniques of management accounting, and the role it plays in planning, decision making and control within organisations. The module covers the principles of management accounting, the principal numerical techniques, and analysis of their results to inform decision making.

Learning outcomes
On completion of this module, students will be able to identify and interpret:
- The fundamental concepts and techniques of management accounting and apply these to make a variety of business decisions and evaluate performance
- The role of management accounting in supporting planning, decision making and control within organisations

Skills outcomes
- Extract relevant information to identify solutions from structured scenarios and data

Subject Specific:
- Competently apply numerical skills to manipulate and interrogate management accounting information and financial and non-financial data
- Extract and communicate clearly in writing relevant information from structured scenarios and data in order to assist management in making decisions and evaluating performance
- Interpret financial and non-financial information and data to provide a basic insight into business performance from a management accounting perspective


Indicative content:
- The role of the management accounting information system in planning, decision making and control
- Costing terms and concepts
- Cost behaviour and cost volume profit analysis
- Short-term decision-making and relevant costing
- Cost assignment and product costing
- Pricing decisions and profitability analysis
- Budget preparation
- Budgets for control
- Capital investment decisions
- Performance

Teaching methods

Delivery typeNumberLength hoursStudent hours
Private study hours78.50
Total Contact hours21.50
Total hours (100hr per 10 credits)100.00

Private study

This could include a variety of activities, such as reading, watching videos, question practice and exam preparation.

Opportunities for Formative Feedback

Your teaching methods could include a variety of delivery models, such as face-to-face teaching, live webinars, discussion boards and other interactive activities. There will be opportunities for formative feedback throughout the module.

Methods of assessment

Exam typeExam duration% of formal assessment
Standard exam (closed essays, MCQs etc)2 hr 00 mins100.00
Total percentage (Assessment Exams)100.00

The resit for this module will be 100% by 2 hour examination.

Reading list

The reading list is available from the Library website

Last updated: 02/11/2021


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