Intermediate Management Accounting

Module description


Managers are faced with a wide range of decisions under resource constraints involving varying time frames in an uncertain environment. Managers have to decide the price of a product, the optimum production plan under resource constraints, and acceptance or otherwise of a project. Businesses today operate within a competitive environment. Downward pressure on prices coupled with the need to deliver quality means that effective cost management is no longer an option. This module will equip you with the relevant tools and techniques to deal with these issues. 

Additional Information:


The tools and techniques taught in this module are applicable worldwide due to their universal nature.

Sustainable development

The sustainable development theme will be embedded within the numerous decision-making scenarios throughout the module. Students will be encouraged to adopt a sustainable development mindset.

This module also offers students an online forum where students may initiate discussions with peers and the module convenor. Students will also have access to recordings of the lectures.

All the resources for this module are available on the ELE (Exeter Learning Environment).

External Engagement

Students are encouraged to participate in global business competitions, specifically, the CIMA (Chartered Institute of Management Accountants) Global Business Challenge.

This module is accredited by the ACCA (Association of Chartered Certified Accountants), ICAEW (Institute of Chartered Accountants in England and Wales), and CIMA (Chartered Institute of Management Accountants).


Students will acquire transferable skills valued by prospective employers such as numerical, decision-making, analytical, communication, presentation and teamwork skills.

Students will also have the opportunity to meet sponsors and representatives from various companies should they participate in business competitions.

Full module specification

Module title:Intermediate Management Accounting
Module code:BEA2017K
Module level:2
Academic year:2015/6
Module lecturers:
  • Mr Chie Min Teng - Convenor
Module credit:15
ECTS value:






Duration of module: Duration (weeks) - term 1:


Module aims

This module aims to provide students with an in-depth appreciation of the various decision-making techniques that are applicable to a wide range of short-term and long-term decisions faced by organisations. The module also equips students with an understanding of the more complex inventory valuation systems and contemporary cost management philosophies, tools and techniques. The latter will provide students with an armory of techniques to deal with the requirements of the current business environment

ILO: Module-specific skills

  • 1. apply the principles of relevant costing and determine cost and revenue that are relevant for the decision under consideration
  • 2. discuss the relevance of relevant costing
  • 3. apply, explain and evaluate the various techniques used for short and long-term decisions
  • 4. apply linear programming to problems that involve multi-limiting factors and interpret the results to determine the optimal solution
  • 5. apply and explain the various decision-making techniques under conditions of risk and uncertainty and determine the appropriate technique to apply based on the risk attitude of the risk-taker
  • 6. determine the value of information
  • 7. determine the difference between operational and strategic investment decisions
  • 8. apply strategic investment appraisal to strategic investment decisions
  • 9. evaluate the tools that can be used to support strategic investment appraisal
  • 10. explain, evaluate and apply the various pricing methods and techniques, and justify the use of different pricing methods to ensure alignment with corporate strategy
  • 11. discuss and evaluate the various contemporary cost management philosophies, tools and techniques, and the context of its application
  • 12. explain and evaluate the various budgetary control systems including incremental budgeting, zero-based budgeting, rolling budgets, activity-based budgeting, fixed and flexible budgets and the concept of Beyong Budgeting
  • 13. discuss the behavioural aspects of budgeting
  • 14. apply, explain and evaluate standard costing and variance analysis

ILO: Discipline-specific skills

  • 15. apply the decision-making tools and techniques to aid business decisions and recommend courses of action
  • 16. apply and determine the use of appropriate contemporary cost management tools and techniques to enable businesses to develop a competitive advantage over competitors
  • 17. effectively manage the performance of a business

ILO: Personal and key skills

  • 18. demonstrate written communication skills
  • 19. demonstrate problem solving skills
  • 20. demonstrate an ability to undertake independent learning and effective time management

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Scheduled Learning & Teaching activities22Lectures
Scheduled Learning & Teaching activities11Seminars and help classes
Scheduled Learning & Teaching activities10Tutorials
Guided independent study107Reading, research and preparation for tutorials

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Weekly tutorial problems for discussionFour to five hours a week (inclusive of preparation time)1-20Tutor comments and suggested solutions

Summative assessment (% of credit)

CourseworkWritten examsPractical exams

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Written individual assignment201,500 words1-20Mark awarded Individual feedback
Written examination802 hours 15 minutes1-20Mark awarded Suggested solution on ELE

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Written individual assignment (20%) and 2 hours 15 minutes written examination (80%)Written exam (100%) 2 hours 15 minutes1-20August Examination period
August Examination period

Re-assessment notes

Where you have been referred/ deferred for the exam, you will have the opportunity to take a second exam in the August/September re-assessment period. For referral, this will constitute 100% of the module (15 credits).

Syllabus plan

Decision-making techniques
• Relevant costing and its relevance
• Limiting factor analysis and linear programming
• Decision-making under conditions of risk and uncertainty
• Capital investment decisions
• Pricing decisions

Cost management
• Cost management 1
• Cost management 2
• Cost management 3

Budgetary control system
• Budgetary systems and behavioural aspects of budgeting
• Standard costing and variance analysis

• Revision

Indicative learning resources - Basic reading

Burns, J., Quinn, M., Warren, L. & Oliveira, J. (2013), Management Accounting, UK: McGraw-Hill
Drury, C. (2012), Management and Cost Accounting, 8th edition, UK: Cengage

Module has an active ELE page?


Indicative learning resources - Web based and electronic resources

Lecture notes, tutorial questions and solutions, and relevant articles


Origin date


Last revision date