BSQA602 – Management Accounting
Module code
BSQA602
Module title
Management Accounting
Prescription
Students will collect, interpret, present and use relevant management accounting information from an organisation to effectively plan, control and make appropriate decisions regarding business operations.
Programmes
- BS8906
NZQA Level
Level 6
NZQA Credits
20
Delivery method
- Web-Supported
Learning hours
- Directed hours
- 64
- Self directed hours
- 136
- Total learning hours
- 200
Resources required
- Learning Outcomes
- Learning outcome one
Students will evaluate and apply cost systems for manufacturing and service entities.
Key elements:
a) Types of costs:
direct and indirect
variable, fixed and a combination of both
period and product.
b) Compare and contrast absorption and variable costing.
c) Evaluate the nature and purpose of costing systems:
standard costing
activity-based costing
job order costing
process costing.
d) Apply costing systems for manufacturing entities and analyse results:
standard costing
activity-based costing
job order costing
process costing.
e) Apply a costing system for a service entity and analyse results.
Learning outcome two
Students will use management accounting tools to plan, measure and control business operations.
Key elements:
a) The role of management accounting in strategic planning.
b) Budgets using spread sheet software:
sales budget
production budget
income statement
balance sheet
cash budget.
c) Budgets for control:
evaluate variance analysis and report to management
re-forecast budgets using a what if scenario
price and quantity variances for production budgets
flexible budget.
d) Performance measures:
non-financial indicators
benchmarking
balanced scorecard.
e) Inventory management and planning:
Just In Time (JIT)
Economic Order Quantity (EOQ).
Learning outcome three
Students will use management accounting information for decision-making.
Key elements:
a) Relevant costs (including opportunity and sunk costs) for at least two of the following decisions:
adding or discontinuing a product line or segment
joint costs and by-products
special orders
make or buy.
b) Cost Volume Profit (CVP)
multiple products
limitations.
c) Pricing decisions:
quantitative factors
qualitative factors including two of:
inherent uncertainties
environmental
state of the economy
human element. - Content
- Students will collect, interpret, present and use relevant management accounting information for an organisation to effectively plan, control and make appropriate decisions regarding business operations.
