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IB116 - Foundations of Management Accounting

  • Module code: IB116
  • Module name: Foundations of Management Accounting
  • Department: Warwick Business School
  • Credit: 12, 15

Content and teaching | Assessment | Availability

Module content and teaching

Principal aims

The module aims: to provide an understanding of the sources and uses of accounting information within organizations; to introduce you to the design of accounting control systems and decision-making techniques both for manufacturing and service organisations, whether for profit or non-profit, public or private sector; to describe how accounting interacts with the human side of organisations. Particular emphasis is laid on the functioning of management accounting in the organizational context and the significance of other forms of organizational expertise in the application of management accounting techniques; to provide you with both technical and contextual grasp of management accounting and its many roles.

Principal learning outcomes

By the end of the module you should be able to: appreciate the importance of organizational goals in the choice and design of management accounting information systems; understand the mechanics, uses, and arguments relating to marginal, absorption, and activity-based costing systems; understand factors driving costs and apply techniques to estimate and predict costs including the use of relevant software; understand and evaluate the relevance of costs in the decision process; understand role of accounting information in pricing decisions; understand the role of budgeting in the planning, control and resource allocation process; prepare budgets and make use of spreadsheet software; appreciate factors to be considered in setting of standards. Produce cost and sales variance analyses and reconcile actual to budgeted performance; appreciate the behavioural/social effects of management accounting information; appreciate the multi-disciplinary nature of the subject; demonstrate written and oral communication, group work and presentation skills; apply basic knowledge of the use of 'Spreadsheets'; develop and demonstrate analytical, and problem solving skills; apply management accounting concepts and practices to analyse business problems; prepare and present professional reports to recommend courses of action.

Timetabled teaching activities

2 hours of lectures per week, 1 x 1 hour seminar per week

Departmental link

http://www.wbs.ac.uk/students/undergraduate/

Module assessment

Assessment group Assessment name Percentage
12 CATS (Module code: IB116-12)
D (Assessed/examined work) Class test 10%
  IB1160 Exam (Summer) 90%
VA (Visiting students only) Class test (visiting exchange students part year) 10%
  Visiting assessment (visiting exchange students part year) 90%
15 CATS (Module code: IB116-15)
D (Assessed/examined work) Class test 10%
  15 CATS assignment (1000 words) 10%
  2 hour exam (Summer) 80%

Module availability

This module is available on the following courses:

Core
  • Undergraduate Accounting and Finance (with Foundation Year) (N4N4) - Year 2
  • Undergraduate Accounting and Finance (NN35) - Year 1
Optional Core

N/A

Optional
  • Undergraduate Chemistry with Management (F1N1) - Year 3
  • Undergraduate Chemistry with Management (with Intercalated Year) (F1N2) - Year 4
  • Undergraduate Physics and Business Studies (F3N1) - Year 3
  • Undergraduate Physics and Business Studies (with Intercalated Year) (F3ND) - Year 4
  • Undergraduate Chemistry and Business Studies (FN11) - Year 3
  • Chemistry and Business Studies(with Intercalated Year) (FN12) - Year 4
  • Undergraduate Mathematics and Business Studies (G1NC) - Year 3
  • Undergraduate Computer and Management Sciences (G5N1) - Year 3
  • Undergraduate Computer and Management Sciences (with Intercalated Year) (G5NA) - Year 4
  • Undergraduate Computer and Business Studies (GN51) - Year 3
  • Undergraduate Computer and Business Studies (with Intercalated Year) (GN5A) - Year 4
  • Undergraduate Law and Business Studies (MN31) - Year 2
  • Undergraduate Law and Business Studies (MN31) - Year 3
  • Undergraduate Law and Business Studies (MN32) - Year 2
  • Undergraduate Law and Business Studies (MN32) - Year 3
  • Law and Business Four Year (Qualifying Degree) (MN34) - Year 2
  • Law and Business Four Year (Qualifying Degree) (MN34) - Year 3
  • Undergraduate Law and Business Studies with Intercalated Year (3+1) (MN35) - Year 2
  • Undergraduate Law and Business Studies with Intercalated Year (3+1) (MN35) - Year 3
  • Undergraduate Law and Business Studies with Intercalated Year (3+1) (MN35) - Year 4
  • Undergraduate Law and Business Studies with Intercalated Year (4+1) (MN36) - Year 2
  • Undergraduate Law and Business Studies with Intercalated Year (4+1) (MN36) - Year 4
  • Undergraduate Law and Business Studies (Qualifying Degree) with Intercalated Year (MN37) - Year 2
  • Undergraduate Law and Business Studies (Qualifying Degree) with Intercalated Year (MN37) - Year 4
  • Undergraduate International Business (N140) - Year 2
  • Undergraduate International Business with French (N1R1) - Year 2
  • Undergraduate International Business with German (N1R2) - Year 2
  • Undergraduate International Business with Italian (N1R3) - Year 2
  • Undergraduate International Business with Spanish (N1R4) - Year 2
  • BSc in Management (N201) - Year 2
  • BSc in Management (with Intercalated Year/UPP) (N202) - Year 2
  • BSc in International Management (N203) - Year 2
  • Undergraduate Management (with Foundation Year) (N20A) - Year 3
  • BSc in Management (with Intercalated Year/UPP) (N210) - Year 2
  • Undergraduate Information Systems Management and Innovation (N211) - Year 2
  • Undergraduate Information Systems Management and Innovation (with Intercalated Year) (N214) - Year 2
  • Undergraduate Information Systems Management and Innovation (with Intercalated Year) (N214) - Year 3
  • BSc in Management (N230) - Year 2
  • BSc in Management (with Intercalated Year/UPP) (N231) - Year 2
  • BSc in Management (N250) - Year 2
  • BSc in Management (with Intercalated Year/UPP) (N251) - Year 2