SHE Level 2
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M2N425752
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.


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

Upon successful completion of the module the student should be able to:1. Demonstrate a broad knowledge of the scope, defining features, and main areas of management accounting planning and control together with detailed knowledge in some areas.2. Understand a limited range of core management accounting planning and control theories, principles and concepts.3. Apply various management accounting techniques and formats covered in lectures and seminars in planning and control.4. Undertake a critical analysis of concepts, information and issues which are within the common understanding of management accounting as it affects planning and control.

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 discussion of further examples and their 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. 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. Feedback Strategy A: Facilitating the development of self-assessment: Comparison of student's prepared solutions to tutorial question with tutors suggested solutions. Discussion of coursework with individual student and comparison to skeleton solution. By making use of the on-line resources of self-assessment tests, students will have the opportunity to test themselves frequently throughout the semester and reflect on their performance B: Encouraging dialogue: Participation at seminars and lectures. Discussion with students at seminars of problems faced. C: Clarifying good performance: The discussion of suggested solutions to seminar questions. Past exam papers and solutions are included in the module handbook and a selection covered during seminar and lecture times. A case study discussion board will follow the distribution of the coursework giving students the opportunity to question the data and raise issues on an open forum regarding their approach and assumptions. D: Providing opportunities to close the gap between current and desired performance Incorporated within their PDP/Advising meetings. Individual review of coursework performance. On line assessments available on GCUlearn. E: Delivering high quality information about your learning: Feedback will be provided within three weeks of submission and will provide information on strengths, weaknesses and corrective advice. F: Encouraging positive motivational beliefs and self-esteem: Praise of seminar efforts and contributions in lectures. Reviews of assessments either through individual coursework or through the advising system. G: Providing information to teachers that can be used to help shape the teaching: On line questionnaires used. SSCG meetings throughout the semester give prompt feedback on modules. Discussion boards used throughout the semester for the coursework.

Indicative Reading

Books and articles: Core: Drury, C. (2018) Management and Cost Accounting, 10th edition, Cengage Learning Supplementary: Seal W, Garrison RH, Noreen EW. (2019) Management Accounting, 6th edition, McGraw Hill. Bhimani A., Horngren, C.T, Srikant M. Datar, S.M and Madhav Rajan, M.,(2015) Management and Cost Accounting, 6th Edition, Pearson Journal articles supplied whenever deemed necessary Online sources: As provided by publisher in core textbook

Transferrable Skills

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
Assessment (FT) 30.00
Seminars (FT) 12.00
Lectures (FT) 24.00
Independent Learning (FT) 134.00

Assessment Methods

Component Duration Weighting Threshold Description
Course Work 01 n/a 30.00 35% Group financial modelling project
Exam (Exams Office) 2.00 70.00 35% 2 Hour unseen examination