2012/13 Undergraduate Module Catalogue

LUBS1245 Introductory Management Accounting

10 Credits Class Size: 136

Module manager: Alan Duboisee De Ricquebourg
Email: A.J.DuboiseeDeRicquebourg@leeds.ac.uk

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2012/13

Pre-requisite qualifications

At least Grade A at GCSE Mathematics or a pass in LUBS1195 Introductory Modelling for Management or any equivalent (or more advanced) module in Mathematics.

Co-requisites

LUBS1235 Introductory Financial Accounting

Mutually Exclusive

LUBS1915 Introduction to Financial Accounting
LUBS1925 Introduction to Management Accounting
LUBS2245 Introduction to Management Accounting

This module is approved as an Elective

Module summary

The module aims to introduce students to the basic concepts of management accounting, and the role it plays in planning, decision making and control within an organisation. The module covers the principles of management accounting and the numerical aspects of the subject managerial accounting for business decisions. It also demonstrates examples of applying the theories to the real world management situations.

Objectives

On completion of this module, students will be able to:
- understand the basic concepts of management accounting and its role in planning, decision making and control;
- understand and apply the principles of costing;
- understand and apply the concepts of decision making in the short and long term;
- understand and apply management accounting techniques for the purpose of control.

Syllabus

- The role of the management accounting information system in planning, decision making and control
- The principles of costing classification, estimation and overhead allocation; Cost-volume-profit analysis
- Cost estimation and pricing decisions
- The budgetary process
- The preparation of cash budgets
- Relevant costs and short term decision making
- Long term decision making - payback, accounting rates of return, NPV and IRR
- Standard costing and variance analysis.

Teaching Methods

Delivery type Number Length hours Student hours
Lecture 11 1 11
Seminar 9 1 9
Private study hours 80
Total Contact hours 20
Total hours (100hr per 10 credits) 100

Private study

For each 10 credits of study taken, the expectation is that the normal study time (including attendance at lectures and tutorials, self-study and revision) is 100 hours.

Opportunities for Formative Feedback

In conjunction with the success criteria provided, preparing for and attending the workshops will offer valuable feedback concerning your understanding and progress on the module.

In addition, compulsory on-line MCQ tests and tutor-marked non-assessed coursework will provide further formative feedback.

Exams
Exam type Exam duration % of formal assessment
Standard exam (closed essays, MCQs etc) 2.0 Hrs 0 Mins 100
Total percentage (Assessment Exams) 100

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Reading List

The reading list is available from the Library website

Last updated: 3/15/2013

Errors, omissions, failed links etc should be notified to the Catalogue Team