Module code: MAN2173

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


Number of Credits: 15

ECTS Credits: 7.5

Framework: FHEQ Level 5

JACs code: N400

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

Module Availability

Semester 1

Prerequisites / Co-requisites


Module content

 Classification of costs, cost behaviour and identification of cost objects
 Valuation of inventories, LIFO, FIFO and AVCO
 Absorption and marginal costing and comparisons between them
 CVP analysis relating to short term decision making
 Relevant cost and revenues relating to short term decision making
 Activity based costing

Assessment pattern

Assessment type Unit of assessment Weighting
Examination 2 Hour Examination 70
School-timetabled exam/test 50 minute online test 30

Alternative Assessment


Assessment Strategy

Students will attempt questions during online tutorials. By seeing the students individually working on their answers I will be able to assess on an ongoing basis whether students have reached the required level of understanding and achieved the learning outcomes while also giving formative feedback. Students also have the opportunity to sit a mock class test on which feedback is subsequently given. This should ensure students are appropriately prepared for the summative assessment which consists of a 50 minute online test (30% of final grade) and 2 hour final exam (70% of final grade).
The online test will be marked by the class tutor, marks are usually returned to the students in the week following the test. In the week following the test the module convenor posts the class test, results and model answers on SurreyLearn with general feedback on how the cohort has performed. Formative feedback on the class test will be given by the class tutor working through the class test answering student queries during the next drop-in session after the test.
The weekly tutorials will be used to provide individual formative feedback to students. Explaining how they could have moved from the mark attained to 100%. This feedback will help the student prepare for final examination.
Both the class test and final exam have detailed marking schemes that take into account process and ensure consistent marking where there is more than one module tutor.

Module aims

  • Explain concepts and processes to determine product and service costs.
  • Explain marginal and absorption costing
  • Apply cost-volume-profit analysis and interpret the results
  • Explain how costs are estimated and how their behaviour changes as activity levels alter
  • Explain the role of relevant costs in decision making
  • Explain how an activity based costing system operates

Learning outcomes

Attributes Developed Ref
001 Understand why organisations need to know how much products, processes and services cost and why they need costing systems
002 Classify costs and explain how costs behave as activity levels change
003 Apply and understand all methods of stock valuation
004 Prepare cost statements for allocation and apportionment of overheads
005 Understand CVP analysis and apply it to short term decision making
006 Understand the role of relevant costs in decision making
007 Understand how an activity based costing system operates

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Overall student workload

Workshop Hours: 30

Lecture Hours: 30

Methods of Teaching / Learning

 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

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


Other information


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 2020/1 academic year.