For full time students there will be six hours of lectures per week. A number of practical examples will be incorporated into the lecture which will require the students to engage in 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 and the topic will be discussed and explained by the facilitator. 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. Each session will finish with a summary of what was covered in the lecture and a brief introduction of what is to be covered in the next session.
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. It aims to provide the student with the necessary skills to analyse and manage financial information in technology-intensive organisations.
Learning Outcomes
On successful completion of this module the learner should be able to:
LO1
Describe the basic theory underlying the function of management accounting.
LO2
Comprehend, prepare and analyse a set of financial statements.
LO3
Apply and appraise capital budgeting appraisal techniques.
LO4
Prepare, analyse and assess cash budgets.
LO5
Comprehend and apply break-even analysis.
LO6
Apply all the above techniques to problems encountered in a work situation.
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.
Successful completion of year 3 or equivalent
Module Content & Assessment
Indicative Content
Introduction:
The technology manager and management accounting.
Financial Analysis:
Financial statements; Comprehend, prepare and analyse a set of financial statements for both a sole trader and a company; Interpretation of financial statements.
The Behaviour of Costs:
Direct and indirect costs; Fixed and variable costs; Costing methods; Difference between marginal costing and absorption costing systems; Arguments for and against marginal and absorption costing; Application of absorption and marginal costing.
Budgeting:
Purposes and benefits of budgeting; The budget setting process; Preparation of budgets; The interrelationship of various budgets; Cash budgets.
The Nature of Investment Decisions:
Capital budgeting; Identifying relevant cash-flows; Time-value of money; Methods of investment appraisal; Investment decisions in practice; Comparison of the two key appraised techniques: Net present value and internal rate of return.
Decision Making:
Typical business decisions - quantitative and qualitative factors; Break-even analysis; Margin of safety; Break-even analysis assumptions; Application of break-even analysis to business decisions.
Assessment Breakdown
%
Continuous Assessment
40.00%
End of Module Formal Examination
60.00%
Continuous Assessment
Assessment Type
Assessment Description
Outcome addressed
% of total
Assessment Date
Examination
Class Test 1
1,2,6
20.00
Week 5
Examination
Class Test 2
1,3,4,6
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
No Description
1,2,3,4,5,6
60.00
End-of-Semester
SETU Carlow Campus reserves the right to alter the nature and timings of assessment