1ManagementAccountingScheme of Work & Assessment Brief2019/2020 Academic YearThis document includes the Scheme of Work andAssessment Brief for Management Accounting. Pleaserefer to this document for further information regardingthe delivery of the module, learning outcomes,assessment tasks and submission dates.
SCHEME OF WORKProgramme TitleHND BusinessUnit Number &TitleUnit 5:ManagementAccountingUnit DescriptorThe overall aim of this unit is to introduce the fundamentals of management accountingwhich apply to the wider business environment and the organisations which operate withinthat environment. Students will explore how management accounting uses financial data toaid planning decisions, and the monitoring and control of finance within organisations. Onsuccessful completion of this unit students will be in a position to present financialstatements in a workplace context and be able to assist senior colleagues with financialbusiness planning. In addition, students will have the fundamental knowledge and skills toprogress onto a higher level of study.Policy and RegulationsThis Scheme of Work must be read in conjunction with the project brief and relevanthandbooks and policies that outline regulations of the College. These are the StudentHandbook, Assessment and Internal Verification Policy, Academic Malpractice Policy,Attendance Policy, Academic Appeals Policy, Student Complaint Policy, and Welfare Guide.Copies of these are available from College Management and are published for yourconvenience on the College VLE Moodle. All policies regarding attendance, academicmisconduct and assessment regulations will be strictly enforced.LearningOutcomesTask 1Task 2Task 3Task 4Learning Outcome1Learning Outcome2Learning Outcome3Learning Outcome42
3WeekLearningOutcome(s)Topics/ Activities1LO 1Introduction 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 betweenmanagement and financial accounting.Different types of management accounting systems:Cost-accounting systems, inventory management systems, job-costing systems and price-optimising systems. Benefits ofdifferent 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.