Introductory Management Accounting
|Unit level:||Level 1|
|Teaching period(s):||Semester 2|
|Offered by||Alliance Manchester Business School|
|Available as a free choice unit?:||N
Additional RequirementsOnly available to students on: BA (Econ) Accounting and/or Finance Specialists, IBFE and BSc Accounting.
Only available to students on: BA (Econ) Accounting and/or Finance pathways, BSc IBFE and BSc Accounting.
The course is designed to introduce the main foundations of accounting within organisations. The course offers a broad coverage of major topic areas and provides the basis for specialist courses available in later years.
The course is concerned with the ways in which accounting information can assist 'internal' users (i.e. management) to make decisions and to plan and control organisational activities. Such 'management accounting' is relevant to all kinds of organisations. Although concentrated on accounting information, an important emphasis in the approach adopted in the course is the need to see the use of accounting in its organisational context and the effect it can have on human behaviour.
Various management accounting concepts will be introduced and illustrated through practical examples of various numerical techniques. Alternative cost concepts will be explored for both recording the costs of existing operations and for taking decisions about new opportunities. Special attention will be given to cost-volume-profit analysis, product pricing, special decisions, and allocation decisions when resources are limited. In addition, the construction of budgets for planning and the use of standard costing and variance analysis for control will be examined. The course also introduces the concept and design performance measurement systems in decentralised organisations.
Teaching and learning methods
15 hours of lectures- 1 or 2 hours per week
5 demonstration lectures in set weeks of the course.
Full details will be provided in the course outline at the start of the course.
In addition there will be clinic sessions at the end of the course prior to the course exam.
Total study hours: 100 hours split between lectures, classes, reading, self-study and preparation for classes and examinations.
Informal Contact Methods
1. Office Hours : 2hrs/week
2. Online Learning Activities (blogs, discussions, self-assessment questions): Blackboard 9.
3. Peer Assisted Study Sessions
4. Drop in Surgeries prior to exam.
5. Other : Emails
By the end of the course students understand:
- the nature of management accounting and its role in the management process
- concepts for cost and revenue recognition
- approaches to cost accumulation and recording
- the use of cost and revenue information in decision making
- the use of accounting information for planning and control
Assessment Further Information
2 hour examination (100%)
Atrill, P. and Mclaney, E. (2012), Management Accounting for Decision Makers, 7th Edition, Financial Times, Prentice Hall.
An additional reading list will be given out at the start of the course.
- Informal advice and discussion during a lecture, seminar, workshop or lab.
- Responses to student emails and questions from a member of staff including feedback provided to a group via an online discussion forum.
- Generic feedback posted on Blackboard regarding overall examination performance.
- Clinic sessions before the exam.
- Assessment written exam - 2 hours
- Demonstration - 5 hours
- Lectures - 15 hours
- Independent study hours - 78 hours