2021/22 Undergraduate Module Catalogue
LUBS1925 Introduction to Management Accounting
10 creditsClass Size: 257
Module manager: Dr Alan Duboisee De Ricquebourg
Email: A.J.DuboiseeDeRicquebourg@leeds.ac.uk
Taught: Semester 2 (Jan to Jun) View Timetable
Year running 2021/22
Co-requisites
LUBS1915 | Introduction to Financial Accounting |
This module is mutually exclusive with
LLLC1387 | Accounting for Non-Specialists |
LUBS1225 | Accounting for Managers |
LUBS1235 | Introductory Financial Accounting |
LUBS1245 | Introductory Management Accounting |
LUBS2035 | Finance for Small Business |
This module is not approved as a discovery module
Module summary
Introduction to Management Accounting is an introductory level module intended to provide a thorough grounding in the basic concepts of management accounting as a foundation on which you can then build knowledge in the level 2 intermediate management accounting module. The module relates theory to current business practice and requires you to be able to confidently use and manipulate financial formulas and numerical data.Objectives
This module introduces the fundamental concepts of management accounting. It aims to provide knowledge of underlying key theoretical principles and the skills to apply that knowledge to a variety of different business scenarios in practice.Learning outcomes
Upon completion of this module students will be able to:
- Recognise the basic concepts, theories, and techniques of management accounting and apply these in a variety of situations in order to solve practical problems
- Recognise basic concepts of planning, decision making and control and how these may be used to further an organisation's strategic objectives
- Explain the roles of management accounting and its behavioural and organisational contexts
Skills outcomes
Upon completion of this module students will be able to:
Transferable
- Locate, extract, analyse and critically evaluate information and data from multiple sources
Subject Specific
-Competently apply numerical skills to manipulate and interrogate management accounting information and financial data
- Extract relevant information from structured scenarios and data in order to identify organisational problems and define solutions for management
- Interpret financial and non-financial information and data to provide basic insight into the operations of a simple business
Syllabus
Indicative content
Management accounting – the framework for planning, decision making and control;
Cost behaviour and estimation - cost-volume-profit analysis;
Relevant costs and benefits for decision making;
Scarce resources in short-term decision making;
Decision making in the longer term - payback, accounting rate of return, NPV and IRR;
Capital rationing, sensitivity analysis; and
The budgetary process, preparation of budgets and behavioural aspects.
Teaching methods
Delivery type | Number | Length hours | Student hours |
Lecture | 11 | 2.00 | 22.00 |
Seminar | 9 | 1.00 | 9.00 |
Private study hours | 69.00 | ||
Total Contact hours | 31.00 | ||
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
Exams
Exam type | Exam duration | % of formal assessment |
Standard exam (closed essays, MCQs etc) | 2 hr 00 mins | 100.00 |
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 websiteLast updated: 09/09/2021 14:37:42
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