SHE Level 2
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M2N422794
Module Leader Mark Johnson
School Glasgow School for Business and Society
Subject Finance and Accounting
  • B (January start)

Pre-Requisite Knowledge

1st year Management Accounting module or equivalent.

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. The student will learn to present information in a usable, reasoned format emphasizing previously acquired computer and communication skills.


Process Costing Process costing. Calculations incorporating joint products and by-products. Performance Measurement Use of performance indicators Balanced scorecard & building blocks approaches. Divisional Performance ROI, RI - evaluation of performance Transfer Pricing including International Transfer Pricing Calculation of, consideration of minimum, maximum acceptable. Standard Costing & Variance Analysis Description of the standard setting process. Basic variance analysis - sales, material, labour, variable and fixed overhead. Planning and operational, mix & yield variances. Interpretation of variances. Profit reconciliations. Forecasting Behavioural Aspects of Accounting (of major topics covered above).

Learning Outcomes

Upon successful completion of the module the student should be able to: Demonstrate a broad knowledge of the scope, defining features, and main areas of management accounting together with detailed knowledge in some areas.. Understand a limited range of core management accounting theories, principles and concepts. . Apply various management accounting techniques and formats covered in lectures and seminars in problems solving.. Use appropriate computer packages and appreciate the importance of computer skills for the accountant in all phases of their work.. Undertake a critical analysis of concepts, information and issues which are within the common understanding of management accounting.. Critically evaluate evidence-based solutions to defined problems/issues.

Teaching / Learning Strategy

The module has been designed for delivery through lectures and seminars delivered on campus, supported by web- based material on GCU Learn. Every student will receive a module handbook containing a copy of previous year's exam diets. Topics are introduced in lectures. Lectures and seminars will be used flexibly in accordance with the needs of the module. Worked examples will be covered in lectures at the start of each topic so freeing seminar contact time for detailed discussion of solutions. Students are expected to work through specially designed - student-centered material- with tutor assistance when required. This process will help integrate the teaching and learning situation and involve the students more actively in the generation and planned use of feedback. Student feedback will take place within three weeks of the date of the assignment. GSBS will continue to use the advancement of GCU Learn as a blended learning tool through its teaching and learning as well as through engagement with students. GSBS will ensure that all modules are GCU Learn enabled and with the support of the Learning Technologists at the cutting edge of development of online materials. Academic staff and the Learning Technologists will continue to work together to develop and operate all modules on GCU Learn to ensure student support and information sharing. Students are provided with formative and summative feedback via a variety of mechanisms. Feedback on coursework is provided within 3 working weeks of submission.

Indicative Reading

-567 Books and articles: -360b7 Core: Drury, C. (2012) Management and Cost Accounting , 8 th Edition, Cengage Learning -567 -360b7 Academic journal articles provided whenever deemed necessary. -567 -360b7 Online sources: As provided by publisher of recommended textbook.

Transferrable Skills

By the end of this module students will have gained competence in the following key areas: Professional/practical skills On successful completion of this module students should be able to: -360b7 Use a range of routine skills, techniques, practices and materials associated with management accounting. -360b7 Use a few skills, techniques and practices that are specialised or advanced. b7 Practise routine methods of enquiry. b7 Adapt routine practices within accepted standards. Personal development skills and enterprise or business skills On successful completion of this module students should be able to: -360b7 Use a range of management accounting techniques to support and enhance work. -360b7 Interpret, use and evaluate numerical data. b7 Practise in ways which show a clear awareness of own and others' roles and responsibilities.

Module Structure

Activity Total Hours
Assessment (FT) 30.00
Seminars (FT) 11.00
Independent Learning (FT) 123.00
Lectures (FT) 36.00

Assessment Methods

Component Duration Weighting Threshold Description
Exam (Exams Office) 2.00 70.00 35% Unseen examination
Course Work 01 n/a 30.00 35% Essay 1500 words