MANAGEMENT ACCOUNTING 3 - 2023/4
Module code: MAN3086
The role of the management accountant continues to evolve; and with advances in technology, demand for management accounting skills has been on the rise to support strategic decision-making in businesses.
In this module, you will develop knowledge and skills that will enable you to apply specialist management accounting techniques to analyse and convert data into meaningful managerial information for planning, decision-making, control, and performance evaluation. The focus of your learning will be on how to provide effective solutions to a range of real-life business problems; from developing efficient costing & pricing strategies to the analysis of variances and managing organisational performance.
Surrey Business School
SHI Kan (SII DUFE)
Number of Credits: 15
ECTS Credits: 7.5
Framework: FHEQ Level 6
JACs code: N411
Module cap (Maximum number of students): N/A
Overall student workload
Workshop Hours: 11
Independent Learning Hours: 117
Lecture Hours: 22
Prerequisites / Co-requisites
Indicative content includes:
- Traditional & Activity based costing
- Pricing decisions and profitability analysis
- CVP Analysis & Relevant Costing
- Limiting factor analysis, Throughput accounting & Linear Programming
- Risk and uncertainty
- Quantitative analysis in budgeting
- Standard costing and variance analysis
- Divisional performance and transfer pricing
- Performance analysis in private and public sectors
- Strategic cost management
|Assessment type||Unit of assessment||Weighting|
|School-timetabled exam/test||CLASS TEST SET TIME AND DATE (60 MINUTES)||30|
|Examination||EXAM SET TIME AND DATE (2 hours)||70|
The assessment strategy:
Management Accounting 3 has 2 summative assessments: a class test and an end of semester examination.
The class test will comprise of either multiple choice questions and / or questions requiring short written answers.
The exam paper will make use of case scenarios relating to a number of requirements, i.e., questions may contain several parts (part (a), part (b), part (c), etc…).
Assessments questions will be both quantitative and qualitative in nature. Quantitative questions will be designed to assess knowledge, numerical and analytical skills. Qualitative questions will assess application of knowledge, synthesis, creative thinking, and problem-solving skills.
Formative assessment and feedback:
Formative assessments, e.g., sample class tests and exam papers will be made available to support students prepare for their summative assessments and to provide ongoing feedback. Such feedback will help students identify their strengths, weaknesses, and areas where additional work and effort is required on their part. This will then allow students to design their personalised revision plans so that they can be fully prepared for the summative assessments. Students are also expected to engage with other feedback provided to them via various other means, e.g., during the seminars and consultation hours throughout the semester.
- Use data from management information systems for planning, decision-making, control and performance management
- Select and apply suitable management accounting concepts and techniques for decision-making purposes
- Evaluate organisational performance from both a financial and non-financial perspective
|001||Use both traditional and modern cost accounting systems for costing and profitability analysis||KCPT|
|002||Apply techniques under conditions of risk and uncertainty to make appropriate decisions.||KCPT|
|003||Use quantitative methods to prepare budgets, including scenarios with learning curves.||KCPT|
|004||Calculate and interpret advanced variances for control and performance analysis in organisations.||KCPT|
|005||Calculate and use key financial and non-financial performance metrics to evaluate organisational performance.||KCPT|
C - Cognitive/analytical
K - Subject knowledge
T - Transferable skills
P - Professional/Practical skills
Methods of Teaching / Learning
The learning and teaching strategy:
The teaching and learning strategy is based on a hybrid teaching model, incorporating elements of both live and on-demand learning.
On-demand learning is designed for students to explore the topic(s) in their own time, and it includes a range of guided learning activities. These include among others, pre-recorded videos, practice questions & solutions, quizzes, discussion forum and links to further reading and videos on the topic (s) for the week.
Live learning will allow all students to explore and engage in discussions on the topic(s), practice more complex questions and receive answers and feedback to queries they may have from the tutor.
This learning and teaching strategy will provide students the opportunity to acquire knowledge and to understand the relevant theory and business practices and problems which are pertinent to the topics of management accounting. Students will in addition be able to enhance their practical and professional skills in developing effective solutions for decision making.
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.
Upon accessing the reading list, please search for the module using the module code: MAN3086
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 2023/4 academic year.