MANAGEMENT ACCOUNTING 2 - 2018/9

Module code: MAN2107

Module Overview

Accounting is concerned with measurement and management. Measurement is concerned with recording past data, and management with the use of that data to make decisions that will benefit the business.

Module provider

Surrey Business School

Module Leader

MILLIGAN V Mrs (SBS)

Number of Credits: 15

ECTS Credits: 7.5

Framework: FHEQ Level 5

JACs code: N411

Module cap (Maximum number of students): N/A

Module Availability

Semester 2

Prerequisites / Co-requisites

None

Module content

Indicative content includes:


Job and contract costing
Process costing
Joint and by-product costing
Preparation of budgets
Principles of standard costing
Materials, labour, variable and fixed overhead, and sales variances and reconciliation of budgeted and actual profit
Divisional performance measures

Assessment pattern

Assessment type Unit of assessment Weighting
Examination 2 HOUR EXAMINATION (CLOSED BOOK) 70
School-timetabled exam/test 50 MIN CLASS TEST (CLOSED BOOK) 30

Alternative Assessment

Not applicable

Assessment Strategy

The assessment strategy is designed to provide students with the opportunity to demonstrate their understanding of both the theoretical concepts and their practical application.

The summative assessment for this module consists of:

A 50 minutes class-test (30%) during the semester (week 7 or 8 of teaching)

A two hour closed-book final exam (70%) during the examination period

Formative assessment and feedback

Formative feedback will be given on a continuous manner during the course of the module. The weekly drop-in session and office hours are used to provide individual formative feedback to students. Students also have the opportunity to sit a mock class test on which feedback is subsequently given.

Formative and summative feedback for the mid-term test will be given in the teaching week following the test. This will enable the students to assess their learning at that stage and to further prepare for their final exam.

Module aims

  • Calculate job and contract costs and show how these costs are recorded
  • Calculate product costs using process costing techniques
  • Calculate joint and by-product costs
  • Explain the role of budgets and standard costing within organisations
  • Prepare and interpret budgets, standard costs and variance statements
  • Analyse the divisional performance of a business

Learning outcomes

Attributes Developed
1 Calculate the cost of a job or contract and show how this would be recorded in the ledger KCPT
2 Calculate product costs using process costing techniques KCPT
3 Calculate joint and by-product costs KCPT
4 Prepare various types of budgets ( KCPT
5 Calculate standard costs and variances, interpret variances and prepare a statement that reconciles budgeted and actual profit KCPT
6 Calculate divisional performance measures and explain their role in achieving goal congruence KCPT

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Overall student workload

Independent Study Hours: 106

Tutorial Hours: 44

Methods of Teaching / Learning

The learning and teaching strategy is designed to give students the opportunity to gain knowledge and understanding of the relevant theory and business practices and problems pertinent to the topics covered in the module.

The learning and teaching methods include:


Weekly 2 hour tutorials for students to practice applying the principles. Students will also have the option to attend a further 2 hour drop in session to raise specific questions they have regarding that week’s tutorial.
Support of tutorial material by directed reading and exercises in selected textbooks
SurreyLearn will be used as an information portal and will contain lecture notes, practical exercises, solutions to practical exercises, past exam papers & model answers and relevant reading
In addition, the tutor will be available for individual queries during weekly office hours.

Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.

Reading list

Reading list for MANAGEMENT ACCOUNTING 2 : http://aspire.surrey.ac.uk/modules/man2107

Programmes this module appears in

Programme Semester Classification Qualifying conditions
Accounting and Finance BSc (Hons) 2 Compulsory A weighted aggregate mark of 40% is required to pass the module

Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2018/9 academic year.