AF1S117 - F2 Management Accounting 02 Sep 2016 - 31 Aug 2020 | Version 2
Associated Module Information
| Module Code: | AF1S117 | ||
|---|---|---|---|
| Module Title: | F2 Management Accounting | ||
| Faculty: | Faculty of Business and Creative Industries | ||
| Faculty Group: | Accounting and Finance | ||
| Faculty Sub Group: | Accounting and Finance | ||
| Module Leader: | Rhian Gosling | ||
| Module Team: | |||
| First Intended Intake: | SEP 2014 | Final Year of Intake: | |
| Date Closed: | |||
| Credit Value: | 20 | Credit Level: | 4 |
| Language: | English | ||
| Percentage of Module Taught in Welsh: | 0 | ||
| Equivalent Module: | |||
| HECOS codes: | 100836 - management accountancy | ||
| HECOS Code Weighting: | 100 | ||
Document Version Information
| Version | 2 |
|---|---|
| Valid From | 02 Sep 2016 |
| Valid To | 31 Aug 2020 |
Module Aims
This paper is one of nine papers that form the Fundamentals level of the ACCA professional examination scheme. Successful completion of the internal assessments for this paper will allow a student to claim exemption from ACCA’s F2 paper. Students may opt to sit ACCA’s external equivalent of this paper.
To develop knowledge and understanding of providing basic management information in an organisation to support management in planning and decision-making.
Content Summary
The syllabus introduces candidates to elements of management accounting which are used to make and support decisions.
The syllabus starts by introducing the nature, the source and purpose of cost accounting and the costing techniques used in business which are essential for any management accountant.
The syllabus then looks at the preparation and use of budgeting and standard costing and variance analysis as essential tools for planning and controlling business costs.
The syllabus concludes with an introduction to measuring and monitoring the performance of an organisation.
Learning and Teaching Methods
| Activity Type | Hours |
|---|---|
| Seminar | 50 |
| Independent Study | 40 |
| Directed Study | 100 |
| Formative Assessment - Scheduled | 10 |
| Total Hours Selected | 200 |
Learning Outcomes
| # | Learning Outcome |
|---|---|
| LO1 | Explain the nature, source and purpose of management information |
| LO2 | Explain and apply cost accounting techniques |
| LO3 | Prepare budgets for planning and control |
| LO4 | Compare actual costs with standard costs and analyse any variances |
| LO5 | Explain and apply performance measurements and monitor business performance |
| LO6 | Display competence in a range of soft/transferable skills |
Module Requisites
N/A
Assessment Criteria
| Assessment Category | Assessment Type | Description | Duration | Word Count | Weight (%) | Best of? | Pass Mark |
|---|---|---|---|---|---|---|---|
| Report | _Report 1 | N/A | 0 | 1500 | 30 | No | 40 |
| Written Examination | Written Examination - Closed Book (Unseen) 1 | N/A | 135 | N/A | 70 | No | 40 |
Assessment Matrix
| Assessment Type | Learning Outcomes | |||||
|---|---|---|---|---|---|---|
| LO1 | LO2 | LO3 | LO4 | LO5 | LO6 | |
| _Report 1 | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ |
| Written Examination - Closed Book (Unseen) 1 | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |