Module Title:Management Accounting HC in Business / Office Management / Law
Language of Instruction:English
Credits: 10
NFQ Level:6
Module Delivered In 1 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. E-Learning - It is envisaged that the module will be supported with on-line learning materials. 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 develop student's skills in product costing, decision making,planning and control in a business context. This module will develop the students ability to apply management accounting techniques in practical management 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 services, decision making, budgeting and budgetary control.
LO2 Identify and apply appropriate management accounting techniques when presented with defined and undefined practical business problems.
LO3 Analyse and interpret results and outcomes within a management accounting framework and make recommendations.
LO4 Critically examine the tools and techniques that are used in the area of management accounting.
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
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed.
No requirements listed

Module Content & Assessment

Indicative Content
Introduction to Cost Accounting
The functions of the management accountant; Users of accounting information; Elements of cost and cost classification; Financial, management and cost accounting contrasted; Current practices in management accounting:
Accounting for Materials and Labour
Purchasing systems, documentation and controls; Stores procedures and documentation; Stock control techniques, including EOQ and JIT; Stock records; Pricing stores issues and stock valuation; Methods of remuneration, including incentive schemes; Time recording; Analysis of labour costs:
Accounting for Overheads
Introduction to absorption costing; Allocation, apportionment and absorption of production overheads; Absorption of non-production overheads; Under and over-absorption of production overheads: Introduction to activity based costing (ABC); Comparison of ABC and traditional costing methods:
Costing Methods
Job costing; Batch costing; Application of job costing methods to the service industry:
Decision Making
Cost behaviour for decision-making: Marginal costing: Linear analysis of total cost; Graphical and mathematical cost-volume profit techniques; Practical applications of cost volume analysis in assisting management planning and decision making:
Marginal and Absorption Costing Systems
Stock valuations and preparation of income statements using both systems. Reconciling results. Both systems compared:
The purpose of budgeting; Budgeting administration and procedures; Preparation of subsidiary , cash and master budgets; Behavioural aspects of budgeting:
Variance Analysis
Flexible budgeting; Standard costing; The procedures for setting standards and behavioural considerations; Calculation and interpretation of variances in a standard costing system; preparation of budgetary control reports:
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 / Open Book Exam / Case Study / Project / Presentation / Essay /Other 1,2,3,4 10.00 Week 6
Examination Class Test / Open Book Exam / Case Study / Project / Presentation / Essay / Other 1,2,3,4 10.00 Week 12
Examination Class Test / Open Book exam / Case Study / Project / Pesentation / Essay / Other 1,2,3,4 10.00 Week 24
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 1,2,3,4 70.00 End-of-Semester

ITCarlow 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 4.00
Total Hours 7.00
Workload: Part Time
Workload Type Frequency Average Weekly Learner Workload
Lecture Every Week 1.50
Independent Learning Time Every Week 5.50
Total Hours 7.00

Module Delivered In

Programme Code Programme Semester Delivery
CW_BBADM_D Bachelor of Business in Business Administration 2 Mandatory