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 MANAGEMENT ACCOUNTING
Code ACFI203
Coordinator Mr LW Gordon
Finance and Accounting
L.W.Gordon@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2023-24 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 36

           36
Timetable (if known)              
Private Study 114
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
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    100       
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
             

Aims

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: Lecture
Scheduled Directed Student Hours: 36
Attendance Recorded: Yes

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. 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.

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

This module is a pre-requisite for the following modules:
ACFI303
ACFI308
ACFI312

Skills and Attribute Mapping

Skill 1: Problem Solving
How is this Devel oped: In lectures, seminars and self-directed learning hours
How is this assessed (if appropriate: Examination

Skill 2: Numeracy
How is this Developed: In lectures, seminars and self-directed learning hours
How is this assessed (if appropriate: Examination

Skill 3: Commercial Awareness
How is this Developed: In lectures, seminars and self-directed learning hours
How is this assessed (if appropriate: Examination

Skill 4: Organisational Skills
How is this Developed: In self-directed learning hours, Strong performance in the final exam indicates that the student has organised themselves and their study time effectively.
How is this assessed (if appropriate: N/A

Syllabus
 

Activity-based costing (ABC)
Life-cycle costing
Throughput accounting
Learning curve models
Financial information for pricing decisions (including target costing)
Dealing with risk and uncertainty in decision-making
Scarce resources and use of linear programming techniques
The use of 'relevant costs' for decision-making
Further standard costing and variance analysis (including fixed overhead,, materials mix and yield, sales mix & quantity, and planning & operational variances)
Performance analysis (private and public sector) including NFPIs and the Balanced Scorecard
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.