Module Catalogues, Xi'an Jiaotong-Liverpool University   
Module Code: IFB102TC
Module Title: Managerial Accounting Essentials
Module Level: Level 1
Module Credits: 2.50
Academic Year: 2021/22
Semester: SEM1
Originating Department: School of Intelligent Finance and Business
Pre-requisites: N/A
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. Students will learn how to evaluate, compare, contrast and apply a range of techniques and procedures for application in management accounting in different situations and for different purposes
Learning outcomes 
A. Demonstrate understanding of interpreting and analysing management accounting information, of the importance of non-financial factors

B. Evaluate the usefulness of various management accounting techniques in different situations and for different purposes.

C. Show appreciation of the scope and purpose of management accounting.

Method of teaching and learning 
The teaching philosophy of the module follows very much the philosophy of Syntegrative Education. This has meant that the teaching delivery pattern, which follows more intensive block teaching, allows more meaningful contribution from industry partners. This philosophy is carried through also in terms of assessment, with reduction on the use of exams and increase in coursework, especially problem-based assessments that are project focused. The delivery pattern provides space in the semester for students to concentrate on completing the assessments.

This module will be taught using a combination of lectures, seminars and tutorials. Learning will also be reinforced by appropriate readings from the course text.
Topics will typically include:
1. Introductory overview of Management Accounting

2. Relevant Costs for Decision-making

3. Cost-volume-profit analysis

4. Marginal costing and short term decision making.

5. Costing terminology and Cost behavior

6. Accounting for overheads: full (absorption) costing

7. Accounting for overheads: Activity based costing (ABC) approach

8. Costing and pricing in a competitive environment

9. Planning and budget process

10. Cash budgeting

11. Variance analysis 1

12. Variance analysis 2

13. Capital investment appraisal
Delivery Hours  
Lectures Seminars Tutorials Lab/Prcaticals Fieldwork / Placement Other(Private study) Total
Hours/Semester 15  2  6      47  75 


Sequence Method % of Final Mark
1 Assessment Task 100.00

Module Catalogue generated from SITS CUT-OFF: 10/21/2020 6:47:11 PM