MANAGEMENT ACCOUNTING 2 - 2024/5
Module code: MAN2212
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
HAN Liang (SII DUFE)
Number of Credits: 15
ECTS Credits: 7.5
Framework: FHEQ Level 5
Module cap (Maximum number of students): N/A
Overall student workload
Independent Learning Hours: 117
Lecture Hours: 22
Seminar Hours: 11
Prerequisites / Co-requisites
Indicative content includes:
- Introduction to budgeting
- Functional budgets
- Flexed budgets
- Cash budgets
- Variance analysis
- Job costing
- Contract costing
- Process costing
- Joint and by-product costing
- Management Information Systems (MIS) and Big Data
|Unit of assessment
|Class Test Set Date and Time (50 mins)
|Exam Set Time and Date (2 hours)
There are two summative assessments for this module: a class test and an end of semester examination.
The class test will comprise multiple choice questions and/or questions requiring short written answers.
The exam paper will include scenario questions. Questions may contain several parts (part (a), part (b) etc).
Assessments will include both quantitative and qualitative questions.
Quantitative questions are designed to assess numerical, application of knowledge and analytical skills.
Qualitative questions will assess application of knowledge, synthesis, creative thinking and problem-solving skills.
Formative assessment and feedback
Formative assessments such as a sample class test and exam paper will be available to support students in preparation for summative assessments and to provide ongoing feedback. Such feedback will help students identify their strengths and weaknesses and help develop revision plans for the summative assessments.
Students are also expected to engage with other feedback provided during seminars and feedback and advice hours throughout the semester.
- Use information systems to prepare reports for planning, decision-making and control
- Apply management accounting techniques in analysing and interpreting reports
- Explore and apply various costing methods for decision-making
|Calculate the cost of jobs, longer-term contracts and product costs using different costing techniques
|Demonstrate a clear understanding of the purpose and function of budgets and prepare a range of budgets, from detailed bottom-up functional budgets to summary financial statements
|Perform detailed variance analysis and a reconciliation of actual to budget to enable interpretation and explanation of variances
|Evaluate performance using various divisional performance measures and explain their role in achieving goal congruence
|Discuss the impact of big data and new developments in information technology on the accounting and finance profession
C - Cognitive/analytical
K - Subject knowledge
T - Transferable skills
P - Professional/Practical skills
Methods of Teaching / Learning
The learning and teaching 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 topics in their own time and includes a range of guided learning activities. Guided learning activities may include pre-recorded videos, practice questions & solutions, quizzes, discussion forum and links to further reading.
Live learning allows students to explore and engage in discussions on the topics and also practise more complex questions and receive answers and feedback to queries from their tutor.
This learning and teaching strategy provides students with the opportunity to acquire knowledge and to understand the relevant theory and develop effective solutions for decision making in the context of case study scenarios.
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: MAN2212
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 2024/5 academic year.