Management Accounting
6 Credits (ECTS)
Management Accounting
Get 70% back via Tax Credit
€613 refund on this module
Module Description
This module aims to develop the ability to collect, analyse, and communicate quantitative and qualitative information that feed into effective planning and control decisions.
Topics include the changing role of management accounting and basic concepts; product costing and cost accumulation; process costing and hybrid product costing systems; activity-based costing and activity-based management; activity analysis, cost behaviour and cost estimation; cost-volume profit analysis; absorption and variable costing; profit planning and activity-based budgets; standard costing and flexible budgeting; cost management tools; and decision-making.
These reports typically capture the amount of available cash, the sales revenue generated, the amount of orders in hand, the state of accounts payable and accounts receivable, outstanding debts, raw material and inventory, and may also include trend charts, variance analysis and other statistics.
Entry Requirements
Candidates who apply for this course must possess one of the following:
- a Level 6 degree;
OR
- a Level 5 diploma or higher diploma and 5 years’ work experience in a supervisory or managerial role.
Preference is given to applicants having a Level 6 degree in a discipline related to the study programme and a minimum of 3 years’ work experience in management.
Target Audience
This course is targeted at management professionals with supervisory and/or middle management experience such as:
- Operations Manager/ Coordinator
- Financial Manager
- Supply Chain Manager
- Shop Floor Manager/ Supervisor
- Marketing and Sales Manager
- Services Manager/ Supervisor.
- Retail Managers/ Supervisors
- Transport Managers
- Maintenance Managers
- Marketing Managers
The target group focuses primarily on people already employed within supervisory and managerial roles who wish to have a more thorough background in the subject in order to progress further in their careers.
The target group focuses primarily on people already employed within supervisory and managerial roles who wish to have a more thorough background in the subject in order to progress further in their careers.
Career Paths
The programme aims to prepare you for senior posts such as that of General Manager, Head of Department or Director of any organisation, both in the private and public sector.
How you’ll be assessed
The course comprises:
- Evening classes for part-time courses.
- Classes held throughout the day for full-time courses.
- Guided learning, presentations, comprising synchronous online discussions, tutorials and/or videos.
- Self-study hours comprising research, reading and assignment work.
Assessment
Assessment is carried out via two mandatory components:
- Modular Assessment
- Dissertation Assessment
The programme includes different forms of assessment which allow for and promote students’ critical engagement. The formative and summative assessment tasks may include an in-class assignment and/or a home-based written assignment using diverse assessment tools which may take the form of online and in-class discussions, examinations, case studies, reports, proposals, essays, and presentations, etc., as applicable to the diverse modules.
Additional Info
Upon successful completion of this course, students will be eligible for a 70% refund of the cost through the ‘Get Qualified’ scheme.**
Due to the modular structure of the course, you may also opt to take individual modules as stand-alone. The entry requirements still apply.***
*Prices are applicable to students who reside in Malta at the time of applying.
**Terms and conditions apply.
Learning Outcomes
Competences:
At the end of the module/unit the learner will have acquired the responsibility and autonomy to:
- Critically discuss the changing role of management accounting.
- Critically evaluate how Management Accounting information is utilised for strategic decision making in a business context.
- Critically interpret budgets and explain their use in planning and control.
- Critically analyse variances to support feedback, analysis and control.
- Critically evaluate different methods of investment appraisal.
- Critically discuss various approaches to performance measurement.
- Critically analyse indicators of performance throughout the process.
Knowledge:
At the end of the module/unit the learner will have been exposed to the following:
- Critically evaluate the functions of management accounting and distinguish it from financial accounting.
- Critically analyse financial data relevant to business organisations and utilise the information in written analytic reports.
- Critically appraise the basic terminology of management accounting and provide practical examples.
- Explain the cost classification and apply the procedures of absorption and marginal costing.
- Critically interpret overhead costs and perform basic break-even analysis.
- Critically evaluate long-term and short-term management decision in relation to budgeting.
- Critically apply standard costing in management planning and introductory variance analysis.
Skills:
At the end of the module/unit the learner will have acquired the following skills:
- Critically apply different types of cost and revenue analysis.
- Assess and apply critically structure of management accounting systems.
- Evaluate critically different ways in which the accountant operates within a business organisation.
- Critically judge how management accountant contributes to everyday functions such as planning, communication, controlling, co-ordination and motivation.
- Critically evaluate the social, behavioural and cultural aspects of management accounting systems.
Module-Specific Digital Skills and Competences:
The learner will be able to:
- Navigate through the online learning platform to find assignments, discussion boards, literature, tutorials etc.