Registry
Module Specifications
Current Academic Year 2012 - 2013
Please note that this information is subject to change.
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| Description | |||||||||||||||||||||||||||||||||||||||||
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A students understanding of pricing approaches and price management will be developed. The inter-relationships between price, cost and value will be demonstrated. Cost management, with particular emphasis on activity based approaches will be introduced, along with customer profitability analysis, life cycle costing, target costing and theory of constraints.Performance measurement and evaluation will also be examined. | |||||||||||||||||||||||||||||||||||||||||
| Learning Outcomes | |||||||||||||||||||||||||||||||||||||||||
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1. Describe the purpose of management accounting in organisations with an emphasis on costing and pricing. 2. Classify and record costs into their cost categories for example materials, labour and overheads. 3. Calculate product costs using traditional costing methods and activity based costing methods. 4. Prepare profit statements based on variable costing systems and absorption costing systems. 5. Discuss cost management with regards to product life cycle, target costing and theory of constraints. 6. Compute and communicate basic sales and expenditure variances, including materials, labour, variable and fixed overheads. 7. Describe the budgeting process and produce basic budgets. 8. Explain strategic management tools, including the balanced scorecard. | |||||||||||||||||||||||||||||||||||||||||
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 |
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| Indicative Content and Learning Activities | |||||||||||||||||||||||||||||||||||||||||
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Introduction to price management. The context of pricing and the factors that impact on pricing strategies and decisions; the inter-relationships between price, value, volume, cost and profit.. Pricing approaches. Market based pricing and cost based pricing approaches.. Costing Systems. Cost accumulation for products and services - traditional and emerging accounting approaches with particular reference to activity based costing systems.. Cost management approaches/techniques useful for pricing and customer value management. Customer profitability analysis, life cycle costing, target costing, theory of constraints.. Planning & Performance management. Explain the budgeting process and construct various budgets including the cash budget. Review financial performance using traditional approaches such as variance analysis, multi-disciplinary/holistic tools such as balanced scorecard.. | |||||||||||||||||||||||||||||||||||||||||
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