BE111-5-AU-CO:
Management Accounting I
2020/21
Essex Business School
Colchester Campus
Autumn
Undergraduate: Level 5
Current
Thursday 08 October 2020
Friday 18 December 2020
15
21 October 2020
Requisites for this module
BE100 or IA713
(none)
(none)
(none)
BE113, BE131, BE936
BSC N400 Accounting,
BSC N401 Accounting (Including Foundation Year),
BSC N402 Accounting (Including Year Abroad),
BSC N404 Accounting (Including Placement Year),
BSC N420 Accounting and Finance,
BSC N422 Accounting and Finance (Including Placement Year),
BSC NN43 Accounting and Finance (Including Foundation Year),
BSC NNK3 Accounting and Finance (Including Year Abroad),
MACCN440 Accounting and Finance,
MACCN441 Accounting and Finance (Including Placement Year),
MACCN442 Accounting and Finance (Including Year Abroad),
BSC NN24 Accounting and Management,
BSC NN27 Accounting and Management (Including Placement Year),
BSC NN42 Accounting and Management (Including Foundation Year),
BSC NNK2 Accounting and Management (Including Year Abroad),
BSC N4L1 Accounting with Economics (Including Foundation Year),
BSC NKL1 Accounting with Economics (Including Year Abroad),
BSC NL41 Accounting with Economics,
BSC NL44 Accounting with Economics (Including Placement Year),
BSC N200 Business Management,
BSC N201 Business Management (Including Foundation Year),
BSC N202 Business Management (Including Year Abroad),
BSC N204 Business Management (Including Placement Year),
BSC N2N5 Management and Marketing (Including Foundation Year),
BSC NN25 Management and Marketing,
BSC NN2M Management and Marketing (Including Placement Year),
BSC NNF5 Management and Marketing (Including Year Abroad),
BA L147 Financial Economics and Accounting (Including Placement Year),
BA L148 Financial Economics and Accounting,
BA L149 Financial Economics and Accounting (Including Year Abroad),
BA LX14 Financial Economics and Accounting (Including Foundation Year),
MMANNN35 Marketing and Management,
MMANNN36 Marketing and Management (Including Placement Year),
MMANNN37 Marketing and Management (Including Year Abroad)
Management accounting can be seen as a way of providing information to managers in three main areas: costing, decision-making, and planning & control. The emphasis of this module will mainly be on the first area (i.e., information for costing); even though the other two areas will also be covered in the module. Cost allocation, absorption vs variable costing, and job costing are examples of the first area. Cost-volume-profit analysis and relevant costs are example of second area i.e. decision-making. The module will also touch upon profit planning and budgeting, which falls under the third major area covered under management accounting i.e. planning & control.
This module will develop students' basic knowledge of management accounting
and sensitize them about the context in which it operates. Students will learn concepts, techniques and tools, which will help them in becoming good managers, once they enter the 'real world'. These concepts and techniques will be considered mainly in the context of manufacturing organisations, yet they are also relevant to the service and not-for-profit sectors.
The module is complete and self-contained and acts as a foundation to progress to other second and third year modules in management accounting.
• To develop an understanding of the main concepts and ideas underlying management accounting practice.
• To support and encourage education and learning and foster the capacity for individual study.
• To encourage and facilitate critical, analytical thinking as a foundation for subsequent academic study, employment and personal development.
• To provide the necessary support to enable the successful completion of the degree.
On successful completion of the module, students will be able to:
Knowledge & Understanding
Technical and critical understanding of:
• The contexts in which management accounting (MA) operates.
• understand introductory ideas of cost and management accounting issues.
• understand costs, volume and profit in various business contexts.
• understand various issues of cost allocations and accumulations in relation to business and technology.
• understand conventional costing systems; and
• develop an understanding of various issues in relation to determining relevant costs for decision-making.
Skills & Abilities
Technical, analytical and evaluation skills in:
• Applying current management accounting approaches to manage organizations
• Applying management accounting in different organisational contexts
• Key conceptual aspects and practical application of cost and management accounting issues
• Engage in written and oral communication for analysing management accounting information covered in the module
Skills for Your Professional Life (Transferable Skills)
The module aims to develop a variety of personal transferable skills by encouraging students to:
* Identify and distil key features and arguments covered in texts and presentations
* Lead and participate in group discussions
* Develop coherent and well-structured lines of argument supported by relevant analysis and concepts
* Discriminate between relevant and irrelevant information for the purposes of decision-making
* Apply analytical skills and critical judgement as required to handle management problems
* Develop the ethical awareness required in being professional
* Communicate effectively orally and in writing, in presentations, essays and reports
* Work under pressure and meet deadlines.
The module will be delivered through:
* In week 2 there will be 1 lecture of 2 hours long + 1 lecture of 1 hour long (please check your time tabling on-line).
* Thereafter there will be: - Nine (9) one-hour lectures (weekly, Week 3 – 11),
* Nine (9) one-hour weekly seminars (weekly, Week 3 – 11)
* One two-hour revision lecture during spring term (week 30)
In academic year 2020-2021 the delivery is likely to be different and involve online learning.
- Bhimani, Alnoor; Horngren, Charles T.; Datar, Srikant M.; Rajan, Madhav V. (2019) Management and cost accounting BE111: Pearson.
The above list is indicative of the essential reading for the course. The library makes provision for all reading list items, with digital provision where possible, and these resources are shared between students. Further reading can be obtained from this module's reading list.
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
| Coursework |
In-Class Test |
|
100% |
| Exam |
Main exam: 24hr during Early Exams
|
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Overall assessment
Reassessment
Module supervisor and teaching staff
Dr Muhammad Ashraf, email: m.j.ashraf@essex.ac.uk.
M Junaid Ashraf, Chaminda Wijethilake and Shaila Ahmed
m.j.ashraf@essex.ac.uk
No
Yes
No
Prof Joan Amanda Emery
University of Ulster
Professor of Accounting
Available via Moodle
Of 1200 hours, 0 (0%) hours available to students:
1200 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).
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