ULMS Electronic Module Catalogue

The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Code ACFI203
Coordinator Mr LW Gordon
Finance and Accounting
Year CATS Level Semester CATS Value
Session 2021-22 Level 5 FHEQ Second Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):


Modules for which this module is a pre-requisite:


Programme(s) (including Year of Study) to which this module is available on a required basis:


Programme(s) (including Year of Study) to which this module is available on an optional basis:


Teaching Schedule

  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours   6




Timetable (if known)   60 mins X 1 totaling 6
      60 mins X 1 totaling 6
60 mins X 1 totaling 12
Private Study 114


EXAM Duration Timing
% of
Penalty for late
Assessment 1: Written Unseen Examination Assessment Type: Written Exam Duration: 3 hours Weighting: 100% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL Penalty App  3 hours    100       
CONTINUOUS Duration Timing
% of
Penalty for late


The aim of the module is to build on the basic management accounting methods seen in the first year through coverage of a range of further techniques that aid costing, decision-making, planning and control. Themes relating to the impact of internal accounting systems on managerial motivation and incentives will also be introduced.

Learning Outcomes

(LO1) Produce a range of management accounting information for control, planning and decision-making that is suitable for different purposes and in different situations.

(LO2) Analyse and evaluate information such that suitable recommendations to management may be made, showing an awareness of financial and non-financial factors.

(LO3) Demonstrate an awareness of the behavioural impact of management accounting systems in terms of motivation and incentives.

(S1) Problem solving skills

(S2) Numeracy

(S3) Commercial awareness

(S4) Organisational skills

Teaching and Learning Strategies

Teaching Method: Online Asynchronous Learning Material
Unscheduled Directed Student Hours: 12
Attendance Recorded: No

Teaching Method: Large Group Teaching
Scheduled Directed Student Hours: 12
Attendance Recorded: Yes

Teaching Method: Seminar
Scheduled Directed Student Hours: 6
Attendance Recorded: Yes

Teaching Method: Group Study
Description: Bi-weekly 1 hour session to foster student community and engagement by working with others on their ‘active learning’ activities
Scheduled Student Hours: 6
Attendance Recorded: No

Self-Directed Learning Hours: 114
Description: These independent learning hours are aimed at supporting the directed student learning. The module leader will provide guidance in the form of suggested readings and topics to examine with the expectation that students are well prepared to contribute to the tutorial activities and to understand the content of learning materials. S elf-Directed Learning will include research activity, developing academic writing skills, and wider reading to support the module

Costs Information:
There are no specific costs attached to this module.

There are the following non-modular requirements:
Any of the following modules: ACFI102, ACFI107

This module is a pre-requisite for the following modules:



Process costing systems
Activity-based costing (ABC)
Financial information for pricing decisions
Dealing with risk and uncertainty in decision-making
Scarce resources and use of linear programming techniques
The use of 'relevant costs' for decision-making 
Budgeting processes and purposes, an introduction to behavioural aspects, and alternative budgeting techniques 
Further standard costing and variance analysis (including fixed overhead variances, and mix and yield/quantity variances)  
Introduction to divisional financial performance measurement and transfer pricing

Recommended Texts

Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.