Surrey University Stag


Module code: MANM401

Module Overview

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.

The module builds on management accounting techniques covered in Principles of Accounting.

Module provider

Surrey Business School

Module Leader


Number of Credits: 15

ECTS Credits: 7.5

Framework: FHEQ Level 7

JACs code: N211

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

Overall student workload

Independent Learning Hours: 110

Seminar Hours: 20

Guided Learning: 10

Captured Content: 10

Module Availability

Semester 1

Prerequisites / Co-requisites

Principles of Accounting (MANM198)

Module content

Indicative content includes:

  • Management and Cost Accounting

  • Cost Assignment: Variable / Marginal & Absorption Costing

  • Cost Assignment: Activity Based Costing

  • CVP Analysis & Relevant Costing

  • Budgeting

  • Standard Costing & Variance Analysis

  • Capital Investment Decisions

  • Pricing & Transfer Pricing

  • Performance Analysis & Measurement

  • Strategic Management & Cost Accounting

Assessment pattern

Assessment type Unit of assessment Weighting
Online Scheduled Summative Class Test TEST SET DATE AND TIME (TIMED) 30
Examination Online EXAM SET DATE AND TIME (TIMED) 70

Alternative Assessment


Assessment Strategy

The assessment strategy:

Strategic Management Accounting has 2 summative assessments: a class test and an end of semester examination.

Class Test:

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:

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 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. 

Module aims

  • Use and analyse 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 using both financial and non-financial data.

Learning outcomes

Attributes Developed
001 Use both traditional and modern cost accounting systems for costing and profitability analysis. KCPT
002 Prepare standard costs and budgets for planning and control. KCPT
003 Apply investment appraisal techniques to projects for decision-making. KCPT
004 Evaluate divisional and organisational performance including scenarios with transfer pricing. KCPT
005 Describe strategic cost management measures for cost reduction and continuous improvement. KCPT

Attributes Developed

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.

Reading list
Upon accessing the reading list, please search for the module using the module code: MANM401

Programmes this module appears in

Programme Semester Classification Qualifying conditions
Accounting and Finance MSc 1 Compulsory A weighted aggregate mark of 50% 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 2023/4 academic year.