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.
Title INTRODUCTION TO MANAGEMENT ACCOUNTING
Code ACFI102
Coordinator Mr MJ Swift
Finance and Accounting
Mark.Swift@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 Level 4 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 12

8

      12

6

38
Timetable (if known) 60 mins X 1 totaling 12
 
60 mins X 1 totaling 8
 
      120 mins X 1 totaling 24
 
 
Private Study 112
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Assessment 1: Online Unseen Examination Assessment Type: Written Exam Duration: 2 hours Weighting: 100% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL Penalty Appl  2 hours    100       
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
             

Aims

The aim of this module is to introduce students to the nature and purpose of management accounting and to establish a sound foundation in its fundamental techniques.


Learning Outcomes

(LO1) Apply a range of basic techniques to produce information that aids management in planning, control and decision making;

(LO2) Understand, interpret and analyse management accounting information, and demonstrate an awareness of the importance of non-financial factors;

(LO3) Evaluate the usefulness of various techniques in different situations and for different purposes.

(S1) Adaptability

(S2) Problem solving skills

(S3) Numeracy

(S4) Commercial awareness

(S5) Organisational skills

(S6) Communication skills

(S7) IT skills

(S8) Lifelong learning skills


Teaching and Learning Strategies

Teaching Method – Online Asynchronous Learning Materials
Description: Group learning of key concepts and techniques in relation to Management Accounting creating a foundation to build on in second and third year studies. Application of such techniques will begin to be explored and then followed up with application to business scenarios in the linked tutorials.
Unscheduled Directed Student Hours: 12
Attendance Recorded: No

Teaching Method: Large Group Teaching
Description: Weekly 1 hour session.
Scheduled Directed Student Hours: 12
Attendance Recorded: Yes

Teaching Method - Seminar
Description: Application of learning from learning materials to enhance understanding of techniques in business situations, enabling skills for assessment to be developed and practiced.
Scheduled Directed Student Hours: 8
Attendance Recorded: Yes

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

Self Directed Learning Hours: 112
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. Self-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.

This module is a pre-requisite for the following modules:
ACFI203
ACFI204

Skills/Other Attributes Mapping

Skills / attributes: Lifelong learning skills
How this is developed: Taught
Mode of assessment (if applicable): Written Examination

Skills / attributes: IT skills
How this is developed: Taught
Mode of assessment (if applicable)

Skills / attributes: Communication skills
How this is developed: Taught
Mode of assessment (if applicable): Written Examination

Skills / attributes: Organisational skills
How this is developed: Taught
Mode of assessment (if applicable): Written Examination

Skills / attributes: Commercial awareness
How this is developed: Taught
Mode of assessment (if applicable): Written Examination

Skills / attributes: Numeracy
How this is developed: Taught
Mode of assessment (if applicable): Written Examination

Skills / attributes: Problem solving skills
How this is developed: Taught
Mode of assessment (if applicable)

Skills / attributes: Adaptability
How this is developed: Taught
Mode of assessment (if applicable)


Syllabus

 

Introduction to management accounting and the classification of costs;

Cost volume profit analysis;

Full costing;

Other costing approaches;

Progress test one;

Budgeting;

Budgeting continued;

Variance analysis;

Making capital investment decisions;

Managing working capital.


Recommended Texts

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