Module title: Advanced Management Accounting

SCQF level: 09:
SCQF credit value: 20.00
ECTS credit value: 10

Module code: ACC09102
Module leader: James Brown
School The Business School
Subject area group: Accountancy Finance and Law
Prerequisites

Financial Management (ACC08105)
OR
HND in Accounting; SCQF Level 8

2018/9, Trimester 1, Face-to-Face, Edinburgh Napier University
Occurrence: 001
Primary mode of delivery: Face-to-Face
Location of delivery: CRAIGLOCKHAR
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: James Brown
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
Learning and Teaching Methods including their alignment to LOs:

The module is delivered through weekly lectures (2 hour) and tutorials (2 hours)

This module is required for accreditation purposes and as such is beneficial for future employment of the student. Specific analytical and problem solving skills will be developed by the use of computational work and case studies in tutorials and the assessments. The ability to select and synthesise relevant information and present both written and verbal communication in a clear and logical manner is also developed in this module via group discussions, tutorials, and written work.

Assessment: Formative assessment takes place both in the tutorial and the student's independent study. The student has access to previous exam papers and the solutions to the papers. Summative assessment consists of two pieces of coursework, a class test consisting of objective test questions and an essay. The coursework is worth 30% of the module marks. There is a final exam of 3 hours duration held during the exam weeks which is worth 70% of the module marks.

Equality and Diversity: The module specification ensures that there are no artificial barriers to learning or assessment. Special needs of individual candidates will be taken into into account when planning learning experiences and selecting assessment instruments.

Internationalisation: The subject of management accounting is generic from an international viewpoint and is therefore integrated into each topic. Where appropriate, examples will be taken from international companies and organisations and where opportunities exist the experiences of international students will also be incorporated.

Formative Assessment:
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Summative Assessment:
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Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 24
Face To Face Practical classes and workshops 24
Face To Face Centrally Time Tabled Examination 3
Independent Learning Guided independent study 149
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Class Test 15 1 & 2 7 HOURS= 1, WORDS= 0
Essay 15 3 & 4 11 HOURS= 1, WORDS= 0
Centrally Time Tabled Examination 70 1,2,3,4 & 5 14/15 HOURS= 2, WORDS= 0
Component 1 subtotal: 30
Component 2 subtotal: 70
Module subtotal: 100

Description of module content:

On completion of this module you will be able to apply specialist management accounting techniques. In additional you will understand the concept of relevant costing for decision making and the effect of risk and uncertainty on decisions. You will be able to apply current budgeting approaches and use forecasting techniques. You will gain an increased understanding of standard costing through becoming familiar with current thinking on the standard setting process and relevance of standard costing. Finally you will be able to assess divisional performance using a range of measures whilst taking account of inter divisional transfer pricing on the measurement of performance.
Specialist Techniques: Activity Based Costing; Environmental Management Accounting; Lifecycle Costing; Target Costing.
Decision Making: Relevant Costs, Multiple Limiting Factors (including linear programming) and Risk.
Pricing: Economists Model; Generic Strategies; Customer Specific Pricing.
Budgeting: Budget Theory; Zero Based Budgeting; Activity Based Budgeting; Forecasting Techniques including Time Series Analysis and Learning Curve.
Standard Costing: Planning and Operational Variances; Mix and Yield variance; Relevance of Standard Costing in the modern environment.
Performance Measurement: Balanced scorecard; Measurement of Divisional Performance; Transfer Pricing, Management Behaviour.

Learning Outcomes for module:

LO1: Appraise current specialist techniques in management accounting

LO2: Discuss the criteria which affect the relevance of management accounting information for decision making including alternative approaches to product pricing.

LO3: Evaluate different approaches to budgeting and the quantitative forecasting techniques which are used in budgeting.

LO4: Describe the process of standard costing and discuss its relevance in the current work environment.

LO5: Discuss issues relating to performance measurement, performance measurement techniques, and management behaviour in their application.

Indicative References and Reading List - URL:

Core - COLIN DRURY (2015) MANAGEMENT AND COST ACCOUNTING: CENGAGE LEARNING, 9th ed. - ISBN: 9781408093
Recommended - FINANCIAL MANAGEMENT: CIMA
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