Module Specification

The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
1. Module Title INTRODUCTION TO MANAGEMENT ACCOUNTING
2. Module Code ACFI102
3. Year Session 2023-24
4. Originating Department Management School
5. Faculty Fac of Humanities & Social Sci
6. Semester Second Semester
7. CATS Level Level 4 FHEQ
8. CATS Value 15
9. Member of staff with responsibility for the module
Mr PMJ Farrelly Finance and Accounting Peter.Farrelly@liverpool.ac.uk
10. Module Moderator
11. Other Contributing Departments  
12. Other Staff Teaching on this Module
Ms L Brough Management School L.Brough@liverpool.ac.uk
Mr NA Owen Management School Neil.Owen@liverpool.ac.uk
Mr C McCall-Twentyman Management School C.Mccall-Twentyman@liverpool.ac.uk
Miss JV Jones Management School Jade.Jones@liverpool.ac.uk
Mr TE Lloyd Management School Thomasl@liverpool.ac.uk
Mr MR McDonough Management School Michael.Mcdonough@liverpool.ac.uk
Miss RD Hughes Management School Rebekah.Hughes@liverpool.ac.uk
Mr L Dowdall Management School Luke.Dowdall@liverpool.ac.uk
Mr LA Bedeau Management School Leon.Bedeau@liverpool.ac.uk
Miss NE Wood Management School N.E.Wood@liverpool.ac.uk
Mr DRA Horne Management School D.Horne@liverpool.ac.uk
Miss VCL White Management School V.White@liverpool.ac.uk
Miss D Gildea IPH Professional Services Dionne.Gildea@liverpool.ac.uk
Mr JC Brown School of Physical Sciences J.Brown23@liverpool.ac.uk
13. Board of Studies
14. Mode of Delivery
15. Location Main Liverpool City Campus
    Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
16. Study Hours 24

6

        30
17.

Private Study

120
18.

TOTAL HOURS

150
 
    Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other
19. Timetable (if known)            
 
20. Pre-requisites before taking this module (other modules and/or general educational/academic requirements):

 
21. Modules for which this module is a pre-requisite:

 
22. Co-requisite modules:

 
23. Linked Modules:

 
24. Programme(s) (including Year of Study) to which this module is available on a mandatory basis:

25. Programme(s) (including Year of Study) to which this module is available on a required basis:

26. Programme(s) (including Year of Study) to which this module is available on an optional basis:

27. Aims
 

The aim of this module is to introduce students to the nature and purpose of management accounting and to establish a sound foundation in its fundamental techniques.

 
28. Learning Outcomes
 

(LO1) Apply a range of basic techniques to produce information that aids management in planning, control and decision making;

 

(LO2) Understand, interpret and analyse management accounting information, and demonstrate an awareness of the importance of non-financial factors;

 

(LO3) Evaluate the usefulness of various techniques in different situations and for different purposes.

 

(S1) Adaptability

 

(S2) Problem solving skills

 

(S3) Numeracy

 

(S4) Commercial awareness

 

(S5) Organisational skills

 

(S6) Communication skills

 

(S7) IT skills

 

(S8) Lifelong learning skills

 
29. Teaching and Learning Strategies
 

Teaching Method: Lecture
Description: Weekly 2 hour session.
Scheduled Directed Student Hours: 24
Attendance Recorded: Yes

Teaching Method - Seminar
Description: Application of learning from learning materials to enhance understanding of techniques in business situations, enabling skills for assessment to be developed and practiced.
Scheduled Directed Student Hours: 6
Attendance Recorded: Yes

Self Directed Learning Hours: 120
Description: These independent learning hours are aimed at supporting the directed student learning. The module leader will provide guidance in the form of suggested readings and topics to examine with the expectation that students are well prepared to contribute to the tutorial activities and to understand the content of learning materials. Self-Directed Learning will include research activity, developing academic writing skills, and wider reading to support the module

This module is a pre-requisite for the following modules:
ACFI203
ACFI204

Skills/Other Attributes Mapping

Skills / attributes: Lifelong learning skills
How this is developed: Taught
Mode of assessment (if applicable): Written Examination

Skills / attributes: IT skills
How this is developed: Taught
Mode of assessment (if applicable)

Skills / attributes: Communication skills
How this is developed: Taught
Mode of assessment (if applicable): Written Examination

Skills / attributes: Organisational skills
How this is developed: Taught
Mode of assessment (if applicable): Written Examination

Skills / attributes: Commercial awareness
How this is developed: Taught
Mode of assessment (if applicable): Written Examination

Skills / attributes: Numeracy
How this is developed: Taught
Mode of assessment (if applicable): Written Examination

Skills / attributes: Problem solving skills
How this is developed: Taught
Mode of asses sment (if applicable)

Skills / attributes: Adaptability
How this is developed: Taught
Mode of assessment (if applicable)

 
30. Syllabus
   

Introduction to management accounting and the classification of costs;

Cost volume profit analysis;

Full costing;

Other costing approaches;

Progress test one;

Budgeting;

Budgeting continued;

Variance analysis;

Making capital investment decisions;

Managing working capital.

 
31. Recommended Texts
  Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.
 

Assessment

32. EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
  Assessment 1: Unseen Examination Assessment Type: Written Exam Duration: 2 hours Weighting: 100% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL Penalty Applies 2 100
33. CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes