MANAGEMENT ACCOUNTING 3 - 2019/0
Module code: MAN3086
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.
Surrey Business School
KAHLON B Mr (SBS)
Number of Credits: 15
ECTS Credits: 7.5
Framework: FHEQ Level 6
JACs code: N411
Module cap (Maximum number of students): N/A
Prerequisites / Co-requisites
MAN2090 (Financial Accounting 2), MAN2109 (Management Accounting 1), MAN2107 (Management Accounting 2), MAN2089 (Business Finance) and MAN2106 (Corporate Finance) are pre-requisites for this module. You need to have taken at least one of these pre-requisites.
Indicative content includes:
Activity based costing
Pricing decisions and profitability analysis
Risk and uncertainty
Investment appraisal 2
Standard costing and variance analysis
Transfer pricing in divisionalised companies
Cost estimation and cost behaviour
Strategic management accounting
|Assessment type||Unit of assessment||Weighting|
|Examination||2 HOUR EXAM (CLOSED BOOK)||70|
|School-timetabled exam/test||1 HOUR CLASS TEST (CLOSED BOOK)||30|
The assessment strategy is designed to provide students with the opportunity to demonstrate
Weekly tutorial and homework questions will build a student’s confidence to undertake the process of cost accounting systems and the theory and practice of standard costing and performance evaluation.
As the course progresses students will see how all the individual components are pulled together and will be able to apply their knowledge in given scenarios. Students will look at ABC, Pricing, Risk and Uncertainty and Investment Appraisal. At this stage the students will be ready for the class test. Following the class test, the focus will be on Variance, Transfer pricing, Strategic Management Accounting, Learning Curves and Linear Programming.
The student will then be in a position to sit the final examination.
Thus, the summative assessment for this module consists of:
Exam 2 hours
Test 1 hour
Formative assessment and feedback
Feedback will be in the tutorials which will serve as information to tell them how they can improve and prepare for their final exams.
- Enable students to use both basic and advanced management accounting concepts and techniques to make key managerial decisions of a type they would encounter in a senior management position.
|1||Analyse risk and uncertainty by calculating expected values and standard deviations||KCPT|
|2||Prepare and apply decision trees and calculate the value of information||KCPT|
|3||Explain why and how standards are set in manufacturing and in service industries with particular reference to the maximisation of efficiency and minimisation of waste||KCPT|
|4||Calculate and interpret material mix and yield variances, distinguish between planning and operational variances||KCPT|
|5||Explain and demonstrate transfer pricing in an international context||KPT|
|6||Evaluate pricing decisions and its impact on profit maximisation||KCPT|
|7||Identify and analyse the impact of uncertainty and risk on decisions models that may be based on relevant cash flows, learning curves, discounting techniques||KCPT|
|8||Apply activity-based costing techniques to derive approximate long run product or service costs approximate for use in strategic decision making||KCPT|
|9||Evaluate project proposals using the techniques of investment appraisal||KCPT|
|10||Explain the financial consequences of dealing with long run projects, in particular the importance of accounting for the time ‘value of money'||KCPT|
|11||Calculate project cash flows, accounting for tax and inflation, and apply perpetuities to derive ‘end of project' value where appropriate||KCPT|
|12||Apply sensitivity analysis to both short and long run decisions models to identify variables that might have significant impacts on project outcomes||KCPT|
|13||Explain the impact of just in time manufacturing methods on cost accounting||KPT|
|14||Evaluate management accounting for the modern business environment||KCPT|
|15||Apply principles of environmental costing in identifying relevant internalised costs and externalised environmental impacts of the organisation's activities||KCPT|
C - Cognitive/analytical
K - Subject knowledge
T - Transferable skills
P - Professional/Practical skills
Overall student workload
Independent Study Hours: 104
Tutorial Hours: 46
Methods of Teaching / Learning
The learning and teaching strategy is designed to:
The teaching and learning methods include the use of weekly two-hour tutorials and two-hour drop in to illustrate the theory and allow the student to practice the practical application of such theory with a range of weekly tutorial questions.
Lecture material will be supported by directed reading and weekly homework exercises will be set to test students’ understanding on an on-going basis.
Surrey-learn will be used as an information portal and will contain lecture notes, practical exercises and model answers plus past exam papers and model answers.
Individual feedback will be given in tutorial on the class test and general feedback will be posted on Surrey-learn.
The learning and teaching methods include:
Tutorials 2 hours per week x 11 weeks
Drop in 2 hours per week x 11 weeks
Revision classes 2 hours week 10 and week 12
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 for MANAGEMENT ACCOUNTING 3 : http://aspire.surrey.ac.uk/modules/man3086
Programmes this module appears in
|Accounting and Finance BSc (Hons)||1||Optional||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 2019/0 academic year.