AF1S227 - Management Accounting 01 Sep 2020 - 31 Aug 2026 | Version 2

Associated Module Information

Module Code: AF1S227
Module Title: Management Accounting
Faculty: Faculty of Business and Creative Industries
Faculty Group: Accounting and Finance
Faculty Sub Group: Accounting and Finance
Module Leader: Jared Davies, Rhian Gosling
Module Team: Tim Bennett, Shane Johnson, Nicola Gilbert
First Intended Intake: SEP 2019 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: 100105 - accounting
HECOS Code Weighting: 100

Document Version Information

Version 2
Valid From 01 Sep 2020
Valid To 31 Aug 2026

Module Aims

This Management Accounting module is based on the syllabi of two professional body modules – namely, ACCA’s Management Accounting module (one of three modules at the ACCA Qualification Applied Knowledge Level) and ICAEW’s Management Information module (one of six modules at the ICAEW Certificate Level). Latest versions of professional body syllabi can be found at:

ACCA:

https://www.accaglobal.com/ca/en/student/exam-support-resources.html

ICAEW:

https://www.icaew.com/for-current-aca-students/exam-resources/certificate-level

Successful completion of the internal assessments for this module will allow a student to claim exemption from ACCA’s Management Accounting module OR from ICAEW’s Management Information module (confirmation of ICAEW exemption pending).

Alternatively, following USW tuition students may opt to sit ACCA’s external examination.

The main aims of this module are to develop knowledge and understanding of management accounting techniques to support management in planning, controlling and monitoring performance in a variety of business contexts.

Content Summary

The syllabus for Management Accounting 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 management information followed by the statistical techniques used to analyse data.

Then the syllabus addresses 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 activities.

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 analyse data analysis and statistical techniques
LO3 Explain and apply cost accounting techniques and use the techniques to determine pricing
LO4 Prepare budgets for planning and control
LO5 Compare actual costs with standard costs and analyse any variances
LO6 Explain and apply performance measurements and monitor business performance
LO7 Identify and calculate relevant data for use in management decision making.
LO8 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
Written Assignment (CW) Time Constrained Assessment (CW) 1 Time Constrained Assessment 135 2400 70 No 40
Written Assignment (CW) Report (CW) 1 0 1500 30 No 40

Assessment Matrix

Assessment Type Learning Outcomes
LO1 LO2 LO3 LO4 LO5 LO6 LO7 LO8
Time Constrained Assessment (CW) 1 ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✘
Report (CW) 1 ✔ ✔ ✔ ✘ ✘ ✘ ✘ ✔

Reading List

BPP Learning Media. ACCA Management Accounting Study Text.

London: BPP Learning Media.

Kaplan Publishing. ACCA Management Accounting Study Text.

Wokingham: Kaplan Publishing.

ICAEW. Management Information, study manual. London: ICAEW

ICAEW. Management Information, question bank. London: ICAEW