Module Title:Cost and Management Accounting 2
Language of Instruction:English
Credits: 5
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 to resolve various business scenarios. Class discussion/debate - students will be encouraged to actively participate in class sessions which will develop their analytical and communication skills. E-learning - the module will be supported with on-line learning materials. Self-directed independent learning - the emphasis on independent learning will develop a strong and autonomous work and learning practices.
Module Aim: Cost and Management Accounting 2 builds on the techniques developed in Cost and Management Accounting 1. The aim of this module is to enable students to develop a knowledge and understanding of the role of cost and management accounting in business decision-making, planning and control and the ability to select, analyse and apply cost and management accounting techniques in typical business situations. The depth and breadth of module content and assessment are designed to gain maximum exemptions from professional accountancy bodies, appropriate to a Higher Certificate in Accounting program.
Learning Outcomes
On successful completion of this module the learner should be able to:
LO1 Define and explain the key management accounting terms, concepts and practices for business decision-making, planning and control.
LO2 Identify and apply appropriate cost and management accounting techniques when presented with defined practical business problems.
LO3 Analyse and interpret results and outcomes within a management accounting framework and make recommendations.
LO4 Examine the tools and techniques that are used in the area of management accounting.
LO5 Develop practical work-based skills through the practical application of management accounting techniques in excel.
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 Marginal Costing
Cost behaviour. High-low linear regression technique. Concept of contribution. Breakeven analysis (break-even point, margin of safety, target profit, contribution margin, profit-volume analysis). Graphical CVP analysis. Limitations of CVP analysis. Practical excel application.
Marginal and Absorption Costing
Stock valuation using both systems. Preparation of profit statements using both methods. Comparison and reconciliation of profit under both methods. The benefits and drawbacks of both methods. Practical excel application.
Budgeting
Role and purposes of budgeting. Budgeting administration and procedures. Preparation of functional, cash and financial position budgets. Budgeting approaches (incremental, rolling, zero-based, participative and imposed). Criticisms of budgeting. Practical excel application.
Budgetary Control
Budgetary control systems. Flexible budgeting. Flexible budget variances and interpretation. Performance reports. Practical excel application.
Assessment Breakdown%
Continuous Assessment70.00%
Practical30.00%
Continuous Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Examination Class Test / MCQ / Short Answer Questions 1,2,3,4 30.00 Week 4
Examination Class Test / MCQ / Short Answer Questions 1,2,3,4 40.00 Week 8
No Project
Practical
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Practical/Skills Evaluation Management Accounting Excel Assessment 2,3,5 30.00 Week 12
No End of Module Formal Examination

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
Practicals Every Week 1.00
Independent Learning Every Week 5.00
Total Hours 9.00
Workload: Part Time
Workload Type Frequency Average Weekly Learner Workload
Lecture Every Week 1.50
Practicals Every Week 0.50
Independent Learning Every Week 7.00
Total Hours 9.00
 

Module Delivered In

Programme Code Programme Semester Delivery
CW_BBCAA_C Higher Certificate in Accounting 4 Mandatory