Module Title:Management Accounting 1
Language of Instruction:English
Credits: 5
NFQ Level:6
Module Delivered In 3 programme(s)
Teaching & Learning Strategies: The main focus of the classes will be the completion of practical exercises. These exercises will provide the student with an understanding and an ability to complete relevant accounting scenarios. Students will also be provided with relevant theory to support the practical work and deepen the understanding of the concepts covered.
Module Aim: The aim of this module is to provide students with the knowledge and skills to prepare cost accounting information on product costing and decision making.
Learning Outcomes
On successful completion of this module the learner should be able to:
LO1 Explain the nature, role, and scope of cost accounting.
LO2 Prepare cost analysis on material and labour inputs.
LO3 Conduct an overhead analysis.
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.
No requirements listed
 

Module Content & Assessment

Indicative Content
Introduction to Cost Accounting
• Introduction to cost accounting • Management accounting and financial accounting • The role of management accounting • Cost Classification • Cost behaviour
Material Control
• Stock control procedures • Quantitative methods of stock valuation • E.O.Q.
Labour Control
• Methods of remuneration • Analysis of labour costs
Overhead Control
• Nature of overheads • Absorption costing - Allocation, apportionment and absorption of production overheads - Non production overhead - Under/over recovery of overheads - Blanket overhead rates • Activity based costing - Comparison of ABC and absorption
Assessment Breakdown%
Continuous Assessment30.00%
End of Module Formal Examination70.00%
Continuous Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Short Answer Questions Key concepts of accounting 1,2 30.00 n/a
No Project
No Practical
End of Module Formal Examination
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Formal Exam End of semester exam 1,2,3 70.00 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 12 Weeks per Stage 3.00
Independent Learning 15 Weeks per Stage 6.00
Total Hours 126.00
Workload: Part Time
Workload Type Frequency Average Weekly Learner Workload
Lecture 12 Weeks per Stage 1.50
Independent Learning 15 Weeks per Stage 3.00
Total Hours 63.00
 

Module Delivered In

Programme Code Programme Semester Delivery
CW_BWBUS_B Bachelor of Business (Honours) Options: in Business or Digital Marketing 3 Mandatory
CW_BWBUS_D Bachelor of Business Options: Business or Digital Marketing 3 Mandatory
CW_BWBUS_C Higher Certificate in Business 3 Mandatory