Module Title:Business Management Accounting
Language of Instruction:English
Credits: 10
NFQ Level:6
Module Delivered In 7 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 management accounting in business management, and the ability to select, analyse and apply management accounting 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, budgeting, and decision making.
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.
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.
Financial Accounting

Module Content & Assessment

Indicative Content
Introduction to 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.
Cost Volume Profit Analysis
Distinction between fixed, variable and semi-fixed costs; Linear analysis of total cost using high low technique; Mathematical CVP techniques ; Practical applications of CVP analysis in decision-making; Limitations of CVP analysis.
Marginal and Absorption Costing Systems
Stock valuations and preparation of profit statements using both systems; Comparison of both systems.
The purpose of budgeting; The Budgeting process, including functional and cash budgets; Behavioural aspects of budgeting.
Assessment Breakdown%
Continuous Assessment40.00%
End of Module Formal Examination60.00%
Continuous Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Examination Class Test 1,2,3 20.00 Week 5
Examination Class Test 1,2,3 20.00 Week 9
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 60.00 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 6.00
Independent Learning Every Week 12.00
Total Hours 18.00
Workload: Part Time
Workload Type Frequency Average Weekly Learner Workload
Lecture Every Week 3.00
Independent Learning Every Week 15.00
Total Hours 18.00

Module Delivered In

Programme Code Programme Semester Delivery
CW_BBBBM_B Bachelor of Business (Honours) in Management 4 Mandatory
CW_BBOPT_B (BAKB) Bachelor of Business (Honours) in Marketing 4 Mandatory
CW_BBHRM_D Bachelor of Business in Human Resource Management 4 Mandatory
CW_BBINB_D Bachelor of Business in International Business incorporating Double Degree 4 Mandatory
CW_BBOPT_D (BAKD) Bachelor of Business in Marketing 4 Mandatory
CW_BBSCM_D Bachelor of Business in Supply Chain Management 4 Mandatory
CW_BBBUS_C Higher Certificate in Business 4 Mandatory