This module introduces management accounting concepts and techniques such as traditional and activity-based costing, transfer pricing, flexible and activity-based budgeting as well as simple and multiple regression analysis in the context of cost estimation. In addition, it discusses employee motivation, performance evaluation and compensation systems. Further, it evaluates the behavioural impacts of various management accounting techniques and systems as well as their implications for control system design. Students will acquire a clear understanding of how to use and apply the techniques of managerial accounting as well as their behavioural implications.
This module takes an international perspective and considers the effectiveness of management accounting methods in different countries.
You will acquire knowledge and understanding of managerial accounting that concern practitioners and researchers and which have practical relevance in the workplace (careers in management accounting, internal control, management control and consultancy). In addition, you will have the opportunity to develop analytical, problem-solving, and argument-building skills during the seminar classes and while completing various activities, skills which are essential in the workplace.
Sustainability is built into the curriculum. In addition, most of the resources for this course are available on the ELE (Exeter Learning Environment).
Full module specification
|Module title:||Managerial Accounting|
BEA1013 Introduction to Accounting
Cannot be taken with BEA2017 Intermediate Management Accounting or BEA3017 Advanced Management Accounting
|Duration of module:||
Duration (weeks) - term 1: |
The aim of this module is to introduce students to the management accounting concepts and techniques that are used in contemporary businesses. In particular, the course will discuss the manner in which managerial accounting information is used by contemporary businesses and how such information aids the design and operation of management control systems. After discussing the changes that took place in the business environment, this module discusses employee motivation, performance evaluation and measurement systems, compensation systems, costing systems, budgeting, transfer pricing as well as their behavioural implications. You will acquire both a clear understanding of different management accounting and control systems and will be capable of designing systems appropriate to particular contexts.
ILO: Module-specific skills
- 1. develop cost and management accounting problem-solving skills;
- 2. identify and evaluate alternative management accounting systems;
- 3. synthesize information from various management accounting methods;
- 4. explain and evaluate the impact of alternative budgeting approaches.
ILO: Discipline-specific skills
- 5. explain the interaction between financial accounting and managerial accounting;
- 6. identify and discuss the consequences of operating a particular management accounting system.
ILO: Personal and key skills
- 7. work effectively independently as well as part of a group;
- 8. develop problem-solving, analytical and argument-building skills.
Learning activities and teaching methods (given in hours of study time)
|Scheduled Learning and Teaching Activities||Guided independent study||Placement / study abroad|
Details of learning activities and teaching methods
|Category||Hours of study time||Description|
|Scheduled learning and teaching activities||22||Lectures|
|Scheduled learning and teaching activities||10||Seminars: Students will be expected to work on the exercises and problems in advance. They will then be expected to discuss these in groups during the seminar sessions and to actively participate in solving problems and discussing questions.|
|Guided Independent Study||118||Reading, preparation for classes and tutorials.|
|Form of assessment||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|Participation in seminar classes||6 hours||1-8||Discussion during the seminar sessions. Indicative solutions will be uploaded on ELE.|
Summative assessment (% of credit)
|Coursework||Written exams||Practical exams|
Details of summative assessment
|Form of assessment||% of credit||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|In class test||30||1 hour||1-8||Feedback will be provided to students.|
|Written exam||70||2 hours||1-8||Written feedback.|
Details of re-assessment (where required by referral or deferral)
|Original form of assessment||Form of re-assessment||ILOs re-assessed||Timescale for re-assessment|
|In class test (30%)||Individual coursework (30%) [2,000 words]||1-8||August/September Reassessment Period|
|Written exam (70%)||Written exam (70%) [2 hours]||1-8||August/September Reassessment Period|
Only students who fail the whole module will be re-assessed with an individual assignment and/or summer examination, whichever is relevant as above.
Introduction to managerial accounting and control
• Performance evaluation and measurement systems
• Costing systems: Traditional and Activity-based costing
• Strategic management systems and the balanced scorecard
• Cost behaviour and estimation
• Employee motivation, incentives and compensation systems
• Flexible budgeting and activity-based budgeting
• Quality and costs of quality
• Transfer pricing
• Allocating support service costs
• Review of the course
Indicative learning resources - Basic reading
Lecture slides and detailed lecture notes will be provided by the module convenor.
Other resources (students can also consult previous editions of these textbooks, if they wish):
• Hilton, R.W., & Platt, D.E. (2017). Managerial accounting: creating value in a dynamic business environment (11th ed.). Singapore: McGraw-Hill Education.
• Burns, J., Quinn, M., Warren, L., & Oliveira, J. (2013). Management accounting. Maidenhead London: McGraw-Hill Education.
• Bhimani, A., Horngren, C.T., S. Datar, S.M., & Rajan. (2015). Management and cost accounting (Ebook.). Harlow: Pearson Education.
• Anthony, R., Govindarajan, V., Hartmann, F., Kraus, K., & and Nilsson, G (2014). Management control systems (European ed.),. New York: McGraw-Hill Education..
• Zimmerman, J.L. (2016). Accounting for decision-making and control (9th ed.). New York: McGraw-Hill.
Module has an active ELE page?
Indicative learning resources - Web based and electronic resources
Web based and electronic resources:
- Chartered Institute of Management Accountants (CIMA), www.cimaglobal.com
- Institute of Management Accountants (IMA), www.imanet.org
- Institute of Chartered Accountants in England and Wales (ICAEW), www.icaew.com
Indicative learning resources - Other resources
Additional material will be provided by the course convenor when appropriate.
The course outline and other useful information are also available on the ELE coursepage. Relevant material will be made available before the sessions for downloading. Answers to the seminar questions will be available on ELE after the seminar take place.
Last revision date