SHE level 8 SCQF credit points 20 ECTS credit points 10 Module code M2N426997 Module Leader Kim Tree School Glasgow School for Business and Society Subject Finance and Accounting Trimester A (September start), B (January start), C (May start)
Summary of content The module will cover the use of management accounting techniques and their role in planning, control and performance evaluation. Major topics include: Forecasting, Standard Costing, Process costing, Divisional Performance, Transfer Pricing, Performance Measurement and Behavioural Aspects of Management Accounting.
Module details Syllabus arrow_forward Introduction to Management Accounting Control Theory Cybernetic control loop Feedback and feedforward control Standard Costing & Variance Analysis Description of the standard setting process. Basic variance analysis - sales, material, labour, variable and fixed overhead. Planning and operational variances Mix & yield variances. Profit reconciliation of budget versus actual Interpretation of variances. Process Costing Process costing for using weighted average and FIFO basis Calculations incorporating joint products and by-products. Performance Management Use of performance indicators Balanced scorecard & building blocks approaches. Financial performance measure and evaluation: Divisional Performance ROI, RI Transfer Pricing including International Transfer Pricing Non-financial performance management frameworks - the Balanced Scorecard Calculation of, consideration of minimum, maximum acceptable. Factors impacting on management control systems Forward planning: Forecasting techniques Introduction to the behavioural aspects of Accounting.
Learning outcomes arrow_forward On successful completion of this module, students should be able to:
Teaching / learning strategy arrow_forward This work based module adopts a blended approach to learning which combines face to face contact and online learning via GCU's virtual learning environment, GCU Learn. The teaching and learning strategy encourages an active and self-directed approach to learning. In the context of a work based ethos, teaching and learning methods use real world and real work scenarios to promote action learning, inquiry based learning, problem based learning and peer learning. These methods include lectures, seminars, online directed learning packages (power point presentations/study guides/videos), podcasts and discussion boards. These approaches will be used to directly involve the students in the process of learning and to encourage collaborative learning amongst students. Learners will be supported during the module by the module team which includes module tutors, work based mentors and Academic Development Tutors. Module tutors act as facilitators and also determine the level and accuracy of knowledge acquisition at key points in the delivery. Additionally, input, when necessary, either directly or with the support of external experts will add to the authenticity, credibility and application of education and learning to the workplace. Work based mentors provide a full spectrum of workplace support helping apprentices to identify relevant work activity that can operate as a source for work-integrated learning, advise on the development of work-based projects, provide feedback on the development of professional competence, and formatively comment on progress in achieving negotiated work-integrated learning objectives. Academic Development Tutors will provide support to help maximise students' potential in relation to academic writing, referencing and the development of effective study techniques. Both formative and summative assessment strategies will be adopted during the module. Formative assessment will be used not only to encourage knowledge of the subject, but also to help develop transferable skills. Summative assessme
Indicative reading arrow_forward Transferrable skills arrow_forward By the end of this module students will have gained competence in a number of Professional and practical skills and should be able to: Use a range of routine skills, techniques, practices and materials associated with management accounting. Use a few skills, techniques and practices that are specialised or advanced. Practice routine methods of enquiry. Adapt routine practices within accepted standards. On successful completion of this module students should be able to evidence personal development skills and enterprise or business skills: Use a range of management accounting techniques to support and enhance work. Interpret, use and evaluate numerical data. Practice in ways which show a clear awareness of own and others' roles and responsibilities.
Module structure Activity Total hours Lectures 15 Tutorials 0 Practicals 0 Seminars 0 Independent Learning 145 Assessment 40 Placement 0
Assessment methods Component Duration Weighting Threshold Description Exam001 100 35 Exam
