accounting brief..docx - SCHEME OF WORK Programme Title...

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SCHEME OF WORKProgramme TitleHND BusinessLevel4Unit Number &TitleUnit 5:ManagementAccountingLecturerTahsin OzalanTeaching Weeks10 weeksHours persession/week4 hours/sessionUnit DescriptorThe overall aim of this unit is to introduce the fundamentals of management accountingwhich apply to the wider business environment and the organisations which operatewithin that environment. Students will explore how management accounting usesfinancial data to aid planning decisions, and the monitoring and control of finance withinorganisations. On successful completion of this unit students will be in a position topresent financial statements in a workplace context and be able to assist senior colleagueswith financial business planning. In addition, students will have the fundamentalknowledge and skills to progress onto a higher level of study.DGHE Policy and RegulationsThis Scheme of Work must be read in conjunction with the assignment brief andrelevant handbooks and policies that outline regulations of the College. These are theStudent Handbook, Assessment and Internal Verification Policy, Academic MalpracticePolicy, Attendance Policy, Academic Appeals Policy, Student Complaint Policy, andWelfare Guide. Copies of these are available from College Management and arepublished for your convenience on the College VLE Moodle. All policies regardingattendance, academic misconduct and assessment regulations will be strictly enforced.LearningOutcomesTask 1Task 2Task 3Task 4LearningOutcome 1LearningOutcome 2LearningOutcome 3LearningOutcome 4WeekLearningOutcome(s)Topics/ Activities1LO1Introduction to management accounting:What ismanagement accounting?Definition of managementaccounting.What is a management accounting system?Why is it important to integrate these within anorganisation? Explore the origin, role and principles ofmanagement accounting. The distinction between
management and financial accounting.Different types of management accounting systems:Cost-accounting systems, inventory management systems,job-costing systems and price-optimising systems. Benefitsof different types of systems.2LO1Presenting financial information:Why information shouldbe relevant to the user, reliable, up to date and accurate.Why the way in which the information is presented mustbe understandable. Different types of managerialaccounting reports.3LO2Accounting techniques:What is meant by cost? Differentcosts and cost analysis. Cost-volume profit, flexiblebudgeting and cost variances. Applying absorption andmarginal costing.4LO2Product costings:Fixed and variable costs, cost allocation.Normal and standard costing, activity-based costing andthe role of costing in setting price.Cost of inventory:Definition and meaning of inventorycosts and different types of inventory costs. The benefitsof reducing inventory costs to an organisation. Valuationmethods. Cost variances. Overhead costs.

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Term
Spring
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Tahsin Ozalan

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