| CODE | ACC3133 | |||||||||
| TITLE | Management Accounting and the Public Sector | |||||||||
| UM LEVEL | 03 - Years 2, 3, 4 in Modular Undergraduate Course | |||||||||
| MQF LEVEL | 6 | |||||||||
| ECTS CREDITS | 6 | |||||||||
| DEPARTMENT | Accountancy | |||||||||
| DESCRIPTION | This study-unit delves into cost volume profit analysis and the measurement of relevant costs for short-term decision-making. It analyses decision-making under conditions of risk and uncertainty, and explains the applicability of activity-based costing, advanced standard costing and variance analysis, in a public sector context. Study-unit Aims: This study-unit aims to give students a thorough understanding of the fundamental principles and techniques of management accounting. It emphasises the decision-support role of management accounting and how the various techniques can contribute to valid information to decision-makers in a public sector context. Learning Outcomes: 1. Knowledge & Understanding By the end of the study-unit the student will be able to: - Describe the applicability of various CVP techniques in case study situations; - Explain relevant costs; - Identify possible causes of variances between expected and actual results. 2. Skills By the end of the study-unit the student will be able to: - Measure the profit impact of different approaches to sales and production using CVP techniques; - Identify relevant costs in short-term decision-making situations; - Generate reports which take into account the uncertainty surrounding organisational decision making; - Analyse the performance of an organisation using advanced variance analysis. Main Text/s and any supplementary readings: - Cost and Management Accounting (latest edition), Colin Drury. |
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| ADDITIONAL NOTES | Pre-Requisite Study-unit: ACC2015 | |||||||||
| STUDY-UNIT TYPE | Lecture | |||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Paulanne Mamo |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2025/6. It may be subject to change in subsequent years. |
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