| CODE | ACC4221 | |||||||||
| TITLE | Management Accounting | |||||||||
| UM LEVEL | 04 - Years 4, 5 in Modular UG or PG Cert Course | |||||||||
| MQF LEVEL | Not Applicable | |||||||||
| ECTS CREDITS | 8 | |||||||||
| DEPARTMENT | Accountancy | |||||||||
| DESCRIPTION | Rationale & Learning Objectives The study-unit is meant to ensure that students who have acquired essential knowledge of the fundamentals of Management Accounting have the ability to prepare and analyse accounting data in situations where different aspects of planning, decision making and control are involved. Indicative Syllabus & Study-unit Outline • The framework of management accounting: a) The nature and identity of management accounting; b) The relevance of management accounting; c) The contingency theory of management accounting • The applicability, impact and validity of alternative cost accumulation systems: a) Cost behaviour and advanced cost estimation techniques; b) Applicability of marginal, absorption and activity-based systems; c) Throughput Accounting and the Theory of Constraints. • Decision theory and decision making applications: a) Advanced CVP analysis; b) Advanced short-term decision making; c) Long-term decision making; d) The application of statistical techniques in situations involving uncertainty; e) Linear programming in management accounting applications. • Alternative approaches to pricing: a) Economic theory; b) Cost based pricing; c) Market based pricing and target costing. • Budgetary planning and control: a) Activity Based and Zero Based Budgeting; b) Beyond Budgeting. • Performance measurement and evaluation: a) Standard costing as a management control system; b) Advanced variance analysis; c) Principles of performance measurement; d) Agency theory; e) ROI, RI and EVA; f) Transfer pricing. • Cost management and strategic management accounting: a) Cost management techniques; b) The role of management accounting in achieving corporate strategy; c) The balanced scorecard. Reading List: Colin Drury: Management and Cost Accounting (7th ed). Horngren, Datar, Foster: Cost Accounting a Managerial Emphasis(13th ed). |
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| RULES/CONDITIONS | Before TAKING THIS UNIT YOU MUST TAKE ACC2211 AND TAKE ACC2221 AND TAKE ACC3221 | |||||||||
| STUDY-UNIT TYPE | Lecture and Tutorial | |||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Francis Debono |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2023/4. It may be subject to change in subsequent years. |
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