Module Title:Advanced Management Accounting for Accounting Degree Students
Language of Instruction:English
Credits: 5
NFQ Level:8
Module Delivered In No Programmes
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 - This module is 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: Advanced Management Accounting builds on the techniques developed in Cost Accounting and in Management Accounting 1 and 2. This module will evaluate and apply the principles of decision-making including risk and uncertainty, budgetary control systems and performance measurement systems. It aims to develop student’s ability to apply advanced management accounting techniques to the modern business environment and will develop analytical skills and the ability to make judgments and recommendations in a range of advanced management accounting 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 terms, concepts and practices for business decision-making incorporating risk and uncertainty, budgetary control systems and performance appraisal.
LO2 Identify and apply appropriate advanced management accounting techniques when presented with defined and undefined practical business problems.
LO3 Analyse and interpret results and outcomes within an advanced management accounting framework and make recommendations.
LO4 Critically examine the tools and techniques that are used in the area of advanced 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
Requirements
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed.
Cost Accounting Management Accounting 1 Management Accounting 2
 

Module Content & Assessment

Indicative Content
Decision-Making Under Conditions of Risk and Uncertainty
Decision makers attitude to risk. Risk techniques including maxi-min, maxi-max, regret criteria and sensitivity analysis. Probability analysis in decision-making. Decision trees.
Budgetary Control Systems
Planning and control framework. Budgetary control systems. Responsibility accounting. Budgetary approaches. Behavioural aspects of budgeting.
Advanced Standard Costing and Variance Analysis
Material mix and yield. Sales quantity, sales mix, market size and market share. Fixed overhead capacity and efficiency. Planning and operational variances. Interpretation and investigation of variances. Criticisms of standard costing in the modern environment. Future role of standard costing.
Divisional Performance Appraisal and Transfer Pricing
Functional and divisional structures. Difference between managerial and divisional performance. Return on investment and residual income. Non-financial performance measures. Balanced scorecard. Transfer pricing objectives. Cost-based, market-based and negotiated transfer prices. Calculations and behavioural considerations.
Assessment Breakdown%
End of Module Formal Examination100.00%
Continuous Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Other Formative Assessments including MCQ's / Short Numerical Answer Questions / Progress Tests 1,2,3,4 0.00 Week 6
Other Formative Assessments including MCQs / Short Numerical Answer Questions / Progress Tests 1,2,3,4 0.00 Week 10
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 1,2,3,4 100.00 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 4.00
Independent Learning Every Week 5.00
Total Hours 9.00
Workload: Part Time
Workload Type Frequency Average Weekly Learner Workload
Lecture Every Week 2.00
Independent Learning Time Every Week 7.00
Total Hours 9.00