|
 Academic Year:
| 2012/3 |
| Owning Department/School:
| School of Management |
| Credits:
| 6 |
| Level:
| Intermediate (FHEQ level 5) |
| Period: |
Semester 1 |
| Assessment:
| CW 25%, EX 75% |
| Supplementary Assessment: | Like-for-like reassessment (where allowed by programme regulations) |
| Requisites:
| Before taking this unit you must take MN10008 or take MN10476 and while taking this unit you must take MN20018 |
| Description:
| Aims: The aim of this unit is to introduce students to: 1. contemporary costing techniques and their uses in the modern manufacturing and commercial environment; 2. the use of management accounting information for decision making and performance measurement; 3. the behavioural consequences of management accounting information, tools and techniques. Learning Outcomes: On completion of this unit students should be able to: 1. Prepare costing information using a variety of costing techniques for a range of purposes in a range of modern business environments; 2. Use appropriate management accounting information and techniques in a range of decision making scenarios and to interpret the results; 3. Evaluate a number of budgetary control techniques and to compute budget information using them; 4. Critically appraise methods and techniques of costing etc, assess the implications of their use and the circumstances in which each technique is most appropriately use. Skills: Intellectual skills * Use appropriate financial analysis and computational techniques to compute financial information which is useful in a management accounting context (TFA) * Evaluate and assess the relative merits of quantitative techniques used (TFA) * Identifying financial information and analytical techniques relevant to a particular purpose (T/A) * Interpreting the results of analysis in a manner pertinent to a specified problem/objective (T/A). Professional/Practical Skills * Recommend courses of management action based on an assessment of financial implications (T/A); * Construction of relevant costing, financial analysis and budget statements in a format suitable for general readership (T/F/A); Transferable/Key Skills * Applying a range of quantitative analysis techniques in a variety of business environments(F) * Critical skills in the application of techniques and the interpretation of results (FA) Content: 1. Cost estimation and cost behaviour 2. Linear programming - multiple constraints 3. Job-order costing 4. Marginal costing and absorption costing 5. Relevant costs and decision making 6. Capital Investment Appraisal 7. Budgeting 8. Standard Costing. |
| Programme availability: |
MN20019 is Compulsory on the following programmes:School of Management
MN20019 is Optional on the following programmes:School of Management
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