Module Code - Title:
AC4012
-
PRINCIPLES OF MANAGEMENT ACCOUNTING
Year Last Offered:
N/A
Hours Per Week:
Grading Type:
N
Prerequisite Modules:
Rationale and Purpose of the Module:
The aim of the module is to introduce students to the basic techniques, language and principles of management accounting. The module provides students with an insight into the role of management accounting as a provider of information supporting ethical and responsibly financial decision-making process of an organisation.
Syllabus:
The module begins with an identification of the key elements of management accounting and its users in contrast to financial accounting; conceptualisation of relevant cost for decision making; Full costing; Activity-Based-Costing (ABC); Target Costing; Life-cycle Costing; Costing and Pricing; Production and Cash Budgets; Standard Costing and Variance Analysis; Working Capital Management; Strategic Management Accounting, including Balanced Scorecard (BSC).
Learning Outcomes:
Cognitive (Knowledge, Understanding, Application, Analysis, Evaluation, Synthesis)
On successful completion of this module, students will be able to:
Critically engage with the basic techniques, language and principles of management accounting, recognising the impact on different stakeholders;
Rigourously apply costing systems such as full costing, Activity Based Costing , Target Costing, and Life-cycle Costing;
Prepare basic budgets, including the calculation of standard costs and variances to identify the causes of variation;
Affective (Attitudes and Values)
On successful completion of this module, students will be able to:
Integrate prior concepts to make ethical and sustainable decisions for the organisation and society at large in dimensions such as production or not, pricing, recognition of limiting factors, and by using performance measures, such as the Balanced Scorecard (BSC).
Psychomotor (Physical Skills)
N/A
How the Module will be Taught and what will be the Learning Experiences of the Students:
This module is taught across 12 weeks. Every week, the module has a 2-hour lecture in a large class, supplemented by 1-hour tutorial organised in smaller groups to enhance their understanding. The lecturer introduces the key elements/theories/techniques from a conceptual perspective first, to then put them in motion through (mostly numerical) examples. During tutorials, the teaching group will deepen in prior learning and apply them in examples (mostly numerical) that students will solve independently guided by the tutors.
Prime Texts:
Carsten Rhode, Will Seal, Karen Mustard, Ray H. Garrison, Eric W. Noreen, Seventh Edition (2024)
Management Accounting
, McGraw Hill
Other Relevant Texts:
Atrill, P. and E. McLaney (2019)
Management Accounting for Decision Makers, 10th ed
, Pearson
Brewer, P. Garrison, R.H. and E.W. Noreen (2016)
Introduction to Managerial Accounting, 7ed
, McGraw-Hill
Programme(s) in which this Module is Offered:
BACHELOR OF BUSINESS STUDIES
BACHELOR OF BUSINESS STUDIES WITH FRENCH
BACHELOR OF BUSINESS STUDIES WITH GERMAN
BACHELOR OF BUSINESS STUDIES WITH JAPANESE
BACHELOR OF BUSINESS STUDIES WITH SPANISH
Semester(s) Module is Offered:
Spring
Module Leader:
Rodrigo.Ormenoperez@ul.ie