This module further enhances students understanding of the role and purposes of management accounting in the management process. It deals with the applications and systems of management accounting that serve the information needs of contemporary organisations. It aims to give students an appreciation of the frontiers of management accounting and the associated theoretical and empirical research activity.

This module will cover inventory costing; information and the decision process; cost accumulation information for decision-making; relevant costs and revenues for decision-making; Process costing; Cost allocation and customer profitability analysis; Performance measurement; Transfer pricing and multinational considerations; Pricing; Balanced scorecard.

On successful completion of this module, students should be able to: Explain the principles underpinning the decision making framework and formulate viable recommendations. Describe the major influences on pricing decisions and examine the role of cost management, value engineering and strategic management accounting. Analyse an organisations strategy formulation and evaluate its implementation through the lens of the balanced scorecard and strategic profitability analysis. Evaluate and critically discuss the models for allocating support costs and revenues to cost objects. Advise on the appropriate treatment of common costs in joint and by-product situations. Evaluate the role of inventory management, quality, time management and the theory of constraints in maintaining competitive advantage. Identify and evaluate the different approaches to transfer pricing and performance measurement in divisionalised organisations

Create an awareness of the code of ethics that may apply within the workplace and demonstrate a professional commitment to ethical practice.

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This module will be taught through a series of weekly lectures supported by tutorials. It is expected that students actively participate in both lectures and tutorials. Students will be expected to be proactive in their approach to lectures and tutorials. They will be required to be responsible for self- learning by studying the additional recommended materials. A variety of key management accounting literature will be incorporated into the module and it will be expected that students critically engage with and articulate key management accounting concepts, theories and practices. This knowledge will be assessed through continuous assessment and an end of term exam requiring them to engage with core material. A focus on ethical issues will enable them to become aware of their role and responsibility as future management accountants and production managers. Students will be encouraged to participate in the CIMA global challenge which will improve their communication and team building skills. It will enable them to learn to collaborate and they can take this to their future work place.