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ACCT1101: Fundamentals of Management Accounting

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Type Tied
Level 1
Credits 20
Availability Available in 2023/24
Module Cap None.
Location Durham
Department Accounting

Prerequisites

  • None

Corequisites

  • None

Excluded Combinations of Modules

  • None

Aims

  • To enable students to understand, apply and critically appraise the fundamental knowledge and techniques that underpin management accounting.

Content

  • The context of management accounting
  • Costing
  • Planning and control
  • Decision making

Learning Outcomes

Subject-specific Knowledge:

  • On completion of this module students should:
  • Have knowledge of the costs associated with the production of products and provision of services.
  • Have knowledge of different methods of budgeting.
  • Have knowledge of different management decision-making techniques.

Subject-specific Skills:

  • On completion of this module students should:
  • Be able to select appropriate budgeting approaches and methods and prepare budgets.
  • Be able to select appropriate performance measures and calculate differences between actual performance and standards or budgets.
  • Be able to identify and calculate relevant data for use in management decision making.

Key Skills:

  • Data handling and synthesis
  • Problem solving and analysis
  • Written communication
  • Planning, organisation and time management

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

  • Learning will be based on workshops which will use a variety of pedagogical approaches to enable knowledge transfer and practical skills development. This will be enhanced by independent study.
  • Formative assessment is by means of a practice test.
  • Summative assessment is by means of a timed, invigilated examination.

Teaching Methods and Learning Hours

ActivityNumberFrequencyDurationTotalMonitored
Workshops202 per week2 hours40Yes
Revision webinar1Once2 hours2 
Preparation, Reading and Independent Study158 
Total200 

Summative Assessment

Component: ExaminationComponent Weighting: 100%
ElementLength / DurationElement WeightingResit Opportunity
In-person Written Examination2 hours100same

Formative Assessment

Practice test

More information

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