MANAGEMENT ACCOUNTING FOR DECISION MAKERS

SHE Level 3
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M3N322846
Module Leader Stuart McChlery
School Glasgow School for Business and Society
Subject Finance and Accounting
Trimester
  • A (September start)

Pre-Requisite Knowledge

2nd year management accounting module or equivalent

Summary of Content

The module will cover some more advanced aspects of management accounting and its role in management decision making. Major topics include: the development of Cost Volume Profit Behaviour and Analysis, Relevant Costing,Linear Programming Pricing, Investment Appraisal, Uncertainty and Contemporary Management Accounting Methodologies affecting decision making. The student will learn to present information in a usable, reasoned format emphasizing computer and communication skills.

Syllabus

Cost and income behaviour and modelling Advanced consideration of cost and income behaviour and modelling. Learning curves CVP - Multiple products Development of technique to encompass multiple products using both graphical and formula approaches. Relevant Costing Analysis of situations involving make/buy, special order, limiting factor, deleting a segment. Pricing Consideration of theoretical methods of pricing and calculation of optimal price - incorporating the use of calculus. Target pricing, market skimming and penetration pricing. Uncertainty Construction of decision trees, probability theory, EMV, minimax, maximin. Two way tables. Investment Appraisal NPV, IRR, ARR and payback - comparison and evaluation Taxation, inflation, lease/buy, capital rationing Linear Programming Formulation and graphical solution. Interpretation of solution. Contemporary techniques to aid decisions Target costing, functional analysis, optimalised production technology and throughput accounting

Learning Outcomes

On successful completion of this module, the student should be able to:1. Demonstrate a broad and integrated knoweldge and understanding of the scope, main areas and boundaries of management accounting.2. Critically understand a selection of princiapl theories, principles and terminology of management accounting.3. Demonstrate a detailed knowledge of some areas and knowledge of one of more current develoments in managment accounting.4. Undertake critical aalysis, evaluaiton and synthesis of ideas, concepts, information and issues.5. Identify and analyse routine professionla problems and issues6. Draw on a range of sources in making judgements.

Teaching / Learning Strategy

Lectures, seminars and computer based learning will be used flexibly in accordance with the needs of the module. Worked examples will be distributed to students at the start of each topic to allow for student preparation so freeing seminar contact time for detailed discussion of solutions. The use of the computer assisted learning will support the teaching and learning strategy. Students are expected to work through specially designed, student-centred material, with tutor assistance when required. Case studies will be used to develop managerial accounting skills and reinforce management accounting concepts. The basic coursework is a group coursework with a further individual assessment on the case as a class test toward the end of the course. Student feedback will take place within two weeks of the date of the coursework assignment and all students will be offered an individual meeting to discuss their solution. 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 accompanying the recommended text, 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 hour will follow the distribution of the coursework giving students the opportunity to question the data and an alternative scenario assumed and the solution discussed. 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 with textbook. E: Delivering high quality information about your learning Feedback will be provided within two 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 to modules. Discussion boards used throughout the semester. Appointment and consultation of module reps. 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 GCULearn 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: { 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Transferrable Skills

By the end of this module students will have gained competence in the following key areas: Professional/practical skills Personal development skills and enterprise or business skills On successful completion of this module students will be able to: -360b7 Use a selection of the principal skills, techniques and practices associated with management accounting b7 Use a few skills, techniques and practices that are specialised or advanced b7 Practice routine methods of enquiry and research b7 Practice in a range of professional level contexts which include a degree of unpredictability b7 Exercise autonomy and initiative in professionally equivalent activities Practise in ways which show a clear awareness of own and others' roles and responsibilities

Module Structure

Activity Total Hours
Seminars (FT) 11.00
Independent Learning (FT) 135.00
Assessment (FT) 30.00
Lectures (FT) 24.00

Assessment Methods

Component Duration Weighting Threshold Description
Coursework 1 n/a 30.00 35% Group Case Study
Exam (Exams Office) 3.00 70.00 35% Unseen 3 Hour exam