Module Title:Business Cost Accounting
Language of Instruction:English
Credits: 5
NFQ Level:6
Module Delivered In 2 programme(s)
Teaching & Learning Strategies: Lectures - communication of knowledge and ideas from the lecturer to the student. Problem Solving Exercises - student will work as part of a team and will work together to resolve various business scenarios. Class Discussion/Debate - Students will be encouraged to actively participate in the class sessions which will develop their analytical and communication skills. - Self-Direct Independent Learning - the emphasis on independent learning will develop a strong and autonomous work and learning practices.
Module Aim: The aim of this module is to enable students to develop a knowledge and understanding of the role of cost accounting in business management, and the ability to select, analyse and apply costing techniques in typical business situations.
Learning Outcomes
On successful completion of this module the learner should be able to:
LO1 Define and explain the key terms, concepts and practices for costing products and apply that knowledge to practical examples.
LO2 Explain the traditional costing approach to absorbing overheads and apply this approach to practical business problems.
LO3 Comprehend and apply the activity based costing (ABC) approach when dealing with overheads. Evaluate ABC when compared to the traditional costing approach.
Pre-requisite learning
Module Recommendations

This is prior learning (or a practical skill) that is recommended before enrolment in this module.
No recommendations listed
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed.
Financial Accounting
 

Module Content & Assessment

Indicative Content
Introduction to Cost and Management Accounting
The functions of the Management Accountant; Elements of cost and cost classification; Financial and management accounting contrasted.
Accounting for Material and Labour
Stores procedures and documentation; Pricing stores issues (FIFO, LIFO, AVCO),Stores card; EOQ Model; Labour Costs, Inflated Wages.
Overheads Costs
Overhead absorption method using the traditional approach; Overhead analysis sheet; Blanket overhead absorption rates; Departmental overhead absorption rates; Calculation and interpretation of under absorption and over absorption; Absorption of non-production overheads.
Activity Based Costing (ABC)
Reasons for the development of ABC; Calculating and applying overheads to products using the ABC technique; Comparison of ABC and traditional overhead absorption methods.
Assessment Breakdown%
Continuous Assessment30.00%
End of Module Formal Examination70.00%
Continuous Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Examination Class Test 1,2 30.00 Week 7
No Project
No Practical
End of Module Formal Examination
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Formal Exam End-of-Semester Final Examination 1,2,3 70.00 End-of-Semester

SETU Carlow Campus reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Frequency Average Weekly Learner Workload
Lecture Every Week 3.00
Independent Learning Every Week 6.00
Total Hours 9.00
Workload: Part Time
Workload Type Frequency Average Weekly Learner Workload
Lecture Every Week 3.00
Independent Learning Every Week 6.00
Total Hours 9.00
 

Module Delivered In

Programme Code Programme Semester Delivery
CW_BBLAW_B Bachelor of Business (Honours) in Business with Law 3 Elective
CW_BBLAW_C Higher Certificate in Business with Law 3 Elective