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2024/25 Undergraduate Module Catalogue

LUBS1925 Introduction to Management Accounting

10 creditsClass Size: 260

Module manager: Sarah Swift

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2024/25


LUBS1915Introduction to Financial Accounting

This module is mutually exclusive with

LLLC1387Accounting for Non-Specialists
LUBS1225Accounting for Managers
LUBS1235Introductory Financial Accounting
LUBS1245Introductory Management Accounting
LUBS2035Finance 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.


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:
- 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


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 typeNumberLength hoursStudent hours
Private study hours69.00
Total Contact hours31.00
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

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: 29/04/2024 16:16:20


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