Introductory Management Accounting

BMAN10512 Introductory Management Accounting 10 Semester 2 Undergraduate Level 1 Chunlei Yang Unit coordinator 1 FHEQ level (Framework for Higher Education Qualifications) ' First part HE study/Bachelors ' European Credit Transfer & Accumulation System Rating : 5.0 The course is concerned with the ways in which accounting information can assist 'internal' users (i.e. management) to make decisions and to plan and control organisational activities. Such 'management accounting' is relevant to all kinds of organisations. Although concentrated on accounting information, an important emphasis in the approach adopted in the course is the need to see the use of accounting in its organisational context and the effect it can have on human behaviour. Various management accounting concepts will be introduced and illustrated through practical examples of various numerical techniques. Alternative cost concepts will be explored for both recording the costs of existing operations and for taking decisions about new opportunities. Special attention will be given to cost-volume-profit analysis, product pricing, special decisions, and allocation decisions when resources are limited. In addition, the construction of budgets for planning and the use of standard costing and variance analysis for control will be examined. The course also introduces the concept and design performance measurement systems in decentralised organisations. The course is concerned with the ways in which accounting information can assist 'internal' users (i.e. management) to make decisions and to plan and control organisational activities. Such 'management accounting' is relevant to all kinds of organisations. Although concentrated on accounting information, an important emphasis in the approach adopted in the course is the need to see the use of accounting in its organisational context and the effect it can have on human behaviour. Various management accounting concepts will be introduced and illustrated through practical examples of various numerical techniques. Alternative cost concepts will be explored for both recording the costs of existing operations and for taking decisions about new opportunities. Special attention will be given to cost-volume-profit analysis, product pricing, special decisions, and allocation decisions when resources are limited. In addition, the construction of budgets for planning and the use of standard costing and variance analysis for control will be examined. The course also introduces the concept and design performance measurement systems in decentralised organisations. The course is designed to introduce the main foundations of accounting within organisations. The course offers a broad coverage of major topic areas and provides the basis for specialist courses available in later years. By the end of the course students understand: - the nature of management accounting and its role in the management process - concepts for cost and revenue recognition - approaches to cost accumulation and recording - the use of cost and revenue information in decision making - the use of accounting information for planning and control Meanwhile, the course requires the students to have the willingness to learn new things and open to new knowledge. Such open-mindedness is crucial for their long-term success. Moreover, the course encourages students to become resilient, persistent, and to present themselves professionally which would prepare them to take up more challenging tasks in their future employment. Other In addition to teaching fundamental concepts and techniques of Management Accounting, the course enables students to develop essential transferable skills needed to apply for a job and to be successful in most roles. Specifically, through learning management accounting, students get to know how to work methodically and systematically around an issue, and develop the ability to think creatively, independently and critical about problem solving. 15 hours of lectures- 1 or 2 hours per week 5 demonstration lectures in set weeks of the course. Full details will be provided in the course outline at the start of the course. In addition there will be clinic sessions at the end of the course prior to the course exam. Total study hours: 100 hours split between lectures, classes, reading, self-study and preparation for classes and examinations. Informal Contact Methods  1. Office Hours : 2hrs/week 2. Online Learning Activities (blogs, discussions, self-assessment questions): Blackboard 9. 3. Peer Assisted Study Sessions 4. Drop in Surgeries prior to exam. 5. Other : Emails   0 Other 100% Examination (100%)   - Informal advice and discussion during a lecture, seminar, workshop or lab. - Responses to student emails and questions from a member of staff including feedback provided to a group via an online discussion forum. - Generic feedback posted on Blackboard regarding overall examination performance. - Clinic sessions before the exam. Only available to students on: BA (Econ) Accounting and/or Finance Specialists, IBFE, BSc Accounting and BSc Business Accounting.Only available to students on: BA (Econ) Accounting and/or Finance pathways, BSc IBFE and BSc Accounting. N Atrill, P. and Mclaney, E. (2012), Management Accounting for Decision Makers, 7th Edition, Financial Times, Prentice Hall. An additional reading list will be given out at the start of the course.   Demonstration 5 Lectures 15 0 80 Length of course: 12 weeks Other staff involved: Pre-requisites: None Co-requisites: None Dependent course units:• BMAN21040 Intermediate Management Accounting • BMAN20081 Financial Statement Analysis - provided BMAN10501 Financial Reporting has been passed at 40% or higher in addition to BMAN10512 Introductory Management Accounting.Programme Restrictions: Available to the following programmes of study - BA (Econ) Finance, BA (Econ) Accounting & Finance, BA (Econ) Finance & Economics, BSc International Business, Finance and Economics and BSc Accounting students. BMAN10512 is available to study abroad and exchange students admitted through the University of Manchester International Programmes Office.For Academic Year 2023/24Updated: March 2023Approved by: March UG Committee