Management Accounting

The module will cover the following: The use of management accounting techniques in product costing (in job order and process production), by-product and joint product costing, budgetary control, and standard costing and variance analysis.

Learning Outcomes

By the end of the module the student will be able to:

  • Apply costing techniques to organisations engaged in process production and be able to prepare process, normal loss, abnormal loss and abnormal gain accounts; and value closing stock of work-in-progress using different stock valuations methods.
  • Present relevant financial information for decisions relating to joint and by-products.
  • Understand the roles of budgetary control systems in different types of organisations and be able to prepare various budgets.
  • Recognise the limitations of budgetary control and standard costing systems in today's dynamic business environment.


2 hour unseen written examination (75%) continuous assessment (25%)