Management Accounting

Second year module

Lecturer: Mathew Tsamenyi

The uses of management accounting techniques in job and process productions; joint and by-product decisions; budgetary control; responsibility controls; and standard costing and variance analysis.

Learning outcomes

By the end of the module students should be able to:

  • Prepare journal and ledger accounts for job order costing systems
  • 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 valuation 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.
  • Understand the role of standard costing techniques and be able to prepare variance analysis statements.
  • Recognise the limitations of budgetary control and standard costing systems in today’s dynamic business environment.


  • 2 hr written exam (75%)
  • Class test (25%)