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Parent Programme
Bachelor of Business (Level 7 NFQ)
NFQ Level & Reference
Level 6 / Ref: M2.11
Duration
12 Weeks X 2.5 Hours per week
MODULE TITLE
Management Accounting & System Analysis
STAGE
2
Module Credit Units
ECTS: 5

Management Accounting & System Analysis

Introduction

This module builds on what you learned in Management & Cost Accounting in Semester 1 and focuses on using Management Accounting and Systems Analysis to measure business performance. You'll dive into marginal cost accounting techniques, explore budgeting for planning, and learn how to analyse and use information to make decisions in organisations. Plus, you'll get hands-on experience with analysing information for investment decisions.

Indicative Syllabus Content

CVP/Breakeven Analysis

  • Cost Volume Profit (CVP) Analysis and Breakeven Analysis
  • Breakeven point, margin of safety, breakeven charts
  • Target profit / revenue
  • Limitations

Purpose and use of Budgeting

  • Budgeting and Variance Analysis
  • Budget setting process, principal budget factor, functional budgets, cash budgets (Revised)

Standard costing and Variance Analysis

  • Standard costing – role and procedures for standard setting
  • Variance analysis – calculation and interpretation of basic sales and cost variances
  • Pricing analysis

Capital Investment Appraisal

  • Appraisal methods, Payback, Net Present Value, Internal rate of return
  • Capital Rationing
  • Outsourcing

Decision Making and Relevant Costing

  • Make or Buy decisions

Contemporary Issues

  • Current best practice in management and cost accounting

Minimum Intended Learning Outcomes (MIMLOs)

Upon successful completion of this module, the learner should be able to:
MIMLO1
Describe and apply marginal cost accounting techniques.
MIMLO2
Explain and interpret decision-making techniques to evaluate business choices.
MIMLO3
Apply budgeting techniques and evaluate alternative methods of budgeting, planning and control.
MIMLO4
Describe the role of capital budgeting in investment decisions.

Assessment

MIMLOs
Assessment
Percentage
1, 2, 3, 4, 5, 6
CA 1: Proctored practical examination
Total: 100%
CA2: Final Written Examination
All Assessments

Reassessment Opportunity

Where the combined marks of the assessment and examination do not reach the pass mark the learner will be required to repeat the element of assessment that they failed. Reassessment materials will be published on Moodle after the Examination Board Meeting and will be aligned to the MIMLOs and learners will be capped at 40% unless there are personal mitigating circumstances.

Objectives

The aims and objectives of this module are to enable the learner to:

  • Apply Management Accounting and Systems Analysis to measure business performance
  • Apply marginal cost accounting techniques
  • Apply budgeting techniques used in the planning process and the analysis and use of information for decision-making in organisations.
  • Provide competencies on how to analyse information in Investment decisions.
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