| CODE | ACC5961 | ||||||||
| TITLE | Advanced Management Accounting 1 | ||||||||
| UM LEVEL | 05 - Postgraduate Modular Diploma or Degree Course | ||||||||
| MQF LEVEL | 7 | ||||||||
| ECTS CREDITS | 5 | ||||||||
| DEPARTMENT | Accountancy | ||||||||
| DESCRIPTION | This study-unit gives students an in-depth knowledge of the way in which management accounting can play a fundamental role in ensuring organisational effectiveness. Traditional and contemporary management accounting tools will be critically analysed with a view to applying them within a range of organisational settings. Study-unit Aims This study units aims to discuss, criticise and appraise the following aspects of Management Accounting theory and practice: - The framework of management accounting. - The applicability, impact and validity of alternative cost accumulation systems. - Decision theory and decision making techniques. - Product pricing and profitability reporting. - The impact of IT on management accounting practice. Learning Outcomes 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: a) Explain how management accounting information can be made relevant for both to operational and strategic decision-making. b) List the different cultural and environmental conditions faced by organisations and select the appropriate management accounting tools. c) Describe the contribution that IT applications can make towards generating relevant management accounting information. 2. Skills: By the end of the study-unit the student will be able to: a) Carry out detailed calculations using sophisticated management accounting techniques to generate relevant decision making information. b) Analyse operational performance using an array of management accounting tools. c) Generate and interpret reports which can contribute to improved operational efficiency. Main Text/s and any supplementary readings Main Text: - Drury, C.: Management and Cost Accounting, Cengage, (latest edition) Supplementary Readings: - Horngren, C.T., Datar, S.M., Foster, G., Rajan, M., Ittner, C.: Cost Accounting a Managerial Emphasis, Pearson (latest edition) - Young, S.M.:Readings in Management & Accounting, Pearson (latest edition) - Kaplan R., Atkinson A.: Advanced Management Accounting, Pearson, (latest edition) |
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| RULES/CONDITIONS | Before TAKING THIS UNIT YOU MUST TAKE ACC2971 AND TAKE ACC3221 | ||||||||
| ADDITIONAL NOTES | Pre-requisite Qualifications: Bachelor of Commerce with Accountancy Stream | ||||||||
| STUDY-UNIT TYPE | Lecture and Tutorial | ||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Nicholas Vella Francis Debono |
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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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