ACCT H2201 - Management Accounting

Module Title:Management Accounting
Credits: 5
NFQ Level:6
Module Delivered In No Programmes
Teaching & Learning Strategies: There will be three 1-hour sessions per week made up of lecture hours and tutorials. Because this subject is very practical in nature, students will be required to participate in a number of class activities, the majority of which will engage higher-order thinking skills. A typical lecture will start by summarising what was covered in the previous session. The learning outcomes for the session will then be introduced. The lecture topic will be discussed and explained by the facilitator with input from the students who will previously have had access to notes on the topic which they are required to review before the class. Class discussions and individual/ group activities will be incorporated into the session to ensure full engagement by the students and to create an active learning environment. The students will be required to present their findings at the end of the activity. Each session will finish with a summary of what was covered in the lecture and a brief introduction of what will be covered in the next session. Notes, readings etc for the next session will be made available to the students. Tutorials are there to reinforce and clarify material covered during the lectures; encourage student-student and teacher-student interactions and act as a support mechanism for those who may have difficulties with the subject. The intention with this module is to incorporate more group work and adapt a more student-centred approach to teaching and learning. Students will be required to take more responsibility for their learning, develop self-assessment and peer assessment skills and become active knowledge seekers. The lecturer’s role is that of a facilitator who will create a positive environment for effective student learning.
Module Aim: This module introduces students to the areas of management accounting relevant to a non-specialist. It aims to provide students with an understanding of the role of accounting and with an ability to appease the needs of managers for relevant financial information. The intention is to provide the participants with the type of accounting information, and at the appropriate level, that will give them the confidence and skill to apply that knowledge in different business contexts. The module aims to demonstrate ways in which accounting statements and financial information can be used to improve the quality of decision making for all managers. The module is designed to provide students with an appreciation of certain areas of accounting that will give them the ability and confidence to understand and question the operations of the business of which they are a part of.
Learning Outcomes
On successful completion of this module the learner should be able to:
LO1 Understand the basic theory underlying the function of management accounting;
LO2 Comprehend and prepare a set of financial statements;
LO3 Utilise capital budgeting appraisal techniques;
LO4 Prepare cash budgets;
LO5 Comprehend break-even analysis;
LO6 Apply all the above techniques to problems encountered in a work situation;
LO7 Value and work effectively as an individual and as a team member;
LO8 Participate in class discussions with colleagues and with teachers.
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.
No requirements listed

Module Content & Assessment

Indicative Content
Introduction to Management Accounting
The functions of management accounting; Elements of cost and cost classification; Direct and indirect costs, fixed and variable costs; Cost centres and profit centres; Management information systems; The nature of data and information; Information and its attributes; Design concepts for a management information system.
Financial Accounting
Legal entities and their formation; Financial statements for different types of legal entities and associated reports
Cash Budgets
Preparation of projected cash flow statement for a manufacturing concern, including non-routine income and expenditure
Capital Budgeting
Time value of money; compound interest and present value of future cash flows; Net present value method of evaluating projects; Payback period; Accounting rate of return; Internal rate of return.
Cost-volume-profit Analysis
Contribution and contribution ratio; Breakeven point and charts; Management decisions relating to price; Make-or-buy and accept-or-reject decisions; Relevant costs.
Assessment Breakdown%
Continuous Assessment30.00%
End of Module Formal Examination70.00%
Continuous Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Other The student will be required to prepare a set of financial statements. 1,2,6 5.00 n/a
Other The student will be asked to prepare a cash budget. 1,4,6 0.00 n/a
Other The student will be asked to apply different capital budgeting appraisal techniques to a practical example. 1,3,6 5.00 n/a
Other The student will be tested on their knowledge of break-even analysis. 1,5,6 5.00 n/a
Other The remaining ten percent of the continuous assessment mark is for a group project which will involve completing a substantial case study. Students will be required to present their findings. 7,8 15.00 n/a
No Project
No Practical
End of Module Formal Examination
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Formal Exam No Description 1,2,3,4,5,6 70.00 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 30 Weeks per Stage 3.00
Estimated Learner Hours 30 Weeks per Stage 0.33
Total Hours 100.00