Registry

Module Specifications

Current Academic Year 2012 - 2013
Please note that this information is subject to change.

Module Title	Management Accounting:Planning & Control
Module Code	AC224
School	DCUBS
Online Module Resources
Module Co-ordinator	Semester 1: Julie Griffin Semester 2: Julie Griffin Autumn: Julie Griffin
NFQ level	8	Credit Rating	5
Pre-requisite	None
Co-requisite	None
Compatibles	None
Incompatibles	None

Description

This module develops a students understanding of the role and importance of management and cost accounting within an organisation. It will enhance the ability to record, prepare, analyse, interpret, critically evaluate and use cost data for planning and control. Its also develops an awareness of actual management accounting practice and an interest in emerging issues in management accounting, through review of articles from relevant journals.

Learning Outcomes

1. Describe the role of management accounting in organisational control and performance management.
2. Compute and communicate revenue and expenditure variances, including: materials (cost and mix/yield variances), labour, variable overhead, fixed overhead, sales variances.
3. Select, apply and interpret appropriate control and performance reports and measures depicting the financial performance of an organisation, including reporting by exception, variance control charts and reconciliations.
4. Develop and record standard product/service costs and variances in the books of account
5. Describe behavioural issues encountered in the budgeting, planning and control process.
6. Discuss alternatives to the traditional budgeting process, including rolling forecasts.
7. Assess and apply non-financial performance measurement tools, including the Balanced Scorecard.

Workload	Full-time hours per semester
*Type*	*Hours*	*Description*
Lecture	24	Weekly lectures
Independent learning time	30	Practice exercises
Independent learning time	24	Review of notes and technical material
Tutorial	12	Weekly tutorials
Examination	15	Continuous review of course material
Examination	20	Preparation for terminal examination
Total Workload: 125

All module information is indicative and subject to change. For further information,students are advised to refer to the University's Marks and Standards and Programme Specific Regulations at: http://www.dcu.ie/registry/examinations/index.shtml

Indicative Content and Learning Activities

Budgeting and Budgetary Control.
The planning and control cycle. The nature and objectives of budgetary control; the role of line management and the accountant; organisation and administration of budgeting; types of budget, the budget period, determination of critical factors, departmental and functional budgets; responsibility accounting and management by exception; budget centres.Preparation of the master budget and all subsidiary budgets (including the cash budget).Current issues in budgeting and control: introduction to behavioural aspects of budgeting; zero-base budgeting; rolling forecasts and beyond budgeting; budgets and uncertainty; impact of enterprise resource planning systems (ERP) on budgeting and control..

Standard Costing and Variance Analysis.
Standard costing: the role of standard costing; types of standard; standard setting approaches. A review of flexible budgets and basic variance analysis. Calculation of advanced variances - fixed overhead; sales; mix and yield variances (where appropriate); planning and operational variances.Introduction to variance analysis and investigationStandard cost accountingImpact of modern manufacturing on standard setting and variance analysis.

Assessment Breakdown
Continuous Assessment	0%	Examination Weight	100%

Course Work Breakdown
Type	Description	% of total	Assessment Date

Reassessment Requirement
Resit arrangements are explained by the following categories; 1 = A resit is available for all components of the module 2 = No resit is available for 100% continuous assessment module 3 = No resit is available for the continuous assessment component
This module is category 1

Indicative Reading List

Garrison, R.H, Noreen, E.W. and Seal, W: 2006, Management Accounting, 2nd, McGraw Hill,
Drury, C: 0, Management and Cost Accounting, 7th, Cengage Learning,
Bhimani A, Horngren C, Datar S, Foster G,: 2007, Management and Cost Accounting, 4th, Pearson, 9781405888202

Other Resources

1112, Electronic Journal, CIMA, 0, Financial Management, http://web.ebscohost.com/ehost/detail?vid=1&hid=6&sid=e6c18ace-f4ad-4f59-b267-0b5fba3b29cd%40session, 1113, Electronic Journal, ICAI, 0, Accountancy Ireland, http://web.ebscohost.com/ehost/detail?vid=1&hid=9&sid=2debff42-f87c-4f9e-9c5e-ab4aeaf2129b%40session,

Array

Programme or List of Programmes

BA in Accounting & Finance

BSSA

Study Abroad (DCU Business School)

BSSAO

Study Abroad (DCU Business School)

Timetable this semester: Timetable for AC224

Date of Last Revision

05-OCT-11

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