Module Title:Management Accounting 1 for Accounting Degree Students
Language of Instruction:English
Credits: 5
NFQ Level:7
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. E-Learning - 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: Management Accounting 1 builds on the techniques developed in Cost Accounting. The aim of this module is to enable students to develop a knowledge and understanding of the role of cost and management accounting in short-term business decision-making, planning and control and the ability to select, apply and analyse 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 B.A. (Honours) 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 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.
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
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. Breakeven analysis including break-even point, margin of safety, contribution margin, profit-volume analysis. Graphical CVP analysis. Limiting factor decisions. Limitations of CVP analysis. Practical excel application.
Marginal and Absorption Costing Systems
Stock valuation and preparation of profit statements using both systems. Comparison and reconciliation of profits under both systems. Both systems compared. Practical excel application.
Role and purposes of budgeting. Conflicting role of budgets. Budgeting administration and procedures. Preparation of functional, cash and financial position budget statements. Criticisms of budgeting. Practical excel application.
Budgetary Control
Flexible budgeting. Flexible budgeting variance analysis and interpretation. Standard costing. Standard costing variance analysis and interpretation. Performance reports. Practical excel application.
Assessment Breakdown%
End of Module Formal Examination80.00%
No Continuous Assessment
No Project
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Practical/Skills Evaluation Management Accounting Techniques Using Excel 2,3,5 20.00 Week 12
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 80.00 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 4.00
Practicals Every Week 1.00
Independent Learning Time Every Week 4.00
Total Hours 9.00
Workload: Part Time
Workload Type Frequency Average Weekly Learner Workload
Lecture Every Week 2.00
Practicals Every Week 0.50
Independent Learning Time Every Week 6.50
Total Hours 9.00

Module Delivered In

Programme Code Programme Semester Delivery
CW_BBACT_B Bachelor of Arts (Honours) in Accounting 4 Mandatory
CW_BBACF_B Bachelor of Business (Honours) in Accounting and Finance 6 Mandatory