BAM4332 - Management Accounting 1

Objectives:

1 classify and explain the concept of cost objects, direct costs and indirect costs and produce material & labour costings for a simple business;
2 prepare cost statements for allocation and apportionment of overheads, including reapportionment between service areas. evaluate the absorption base and calculate under/over absorption;
3 prepare marginal costing statements and produce and interpret the break-even charts;
4 explain the use of cost information in pricing decisions, including full cost and marginal cost pricing;
5 analyse and prepare budgets for an organisation.

Content:

Cost classification, material & labour pricing, stock valuation methods (FIFO, AVCO & LIFO). Total absorption costing, allocation, apportionment, reapportionment and absorption into single units. Absorption basis and under/over absorption. Cost behaviour, marginal costing, single product break-even analysis, limiting factor analysis. Full cost and marginal cost based pricing methods. Budget theory and preparation of functional, master budgets and flexible budgets.

Learning and Teaching Information:

The module will be delivered via a series of weekly one-hour whole-group interactive lectures supported by weekly one-hour small group tutorial / workshop sessions. Questions / exercises will be set at each lecture meeting for students to complete before the associated small group session. Students will be provided with, and/or directed to, relevant reading and additional questions / exercises to support their progress through the module material. Additional workshop time will be provided for students needing extra practice with a computer spreadsheet.

Lectures and Workshops
Contact hours 40
Number of groups 1

Tutorial
Contact hours
Number of groups

Assessment:

001 Portfolio of up to 3 tests and exercises 1 x 2,000 50%
002 Unseen examination 1 x 2 hours end of Sem 2 50%


Click here to go back to previous page