Undergraduate Course: Accountancy 2B (ACCN08010)
Course Outline
| School | Business School |
College | College of Arts, Humanities and Social Sciences |
| Credit level (Normal year taken) | SCQF Level 8 (Year 2 Undergraduate) |
Availability | Available to all students |
| SCQF Credits | 20 |
ECTS Credits | 10 |
| Summary | Advanced costing systems, budgeting and standard costing, current practical issues in management accounting. |
| Course description |
The current course contents develop your knowledge from your previous course. Particular emphasis of the course will be on managers generation and application of management accounting information to assist them to reach better-informed decisions. Emphasis will be placed upon relevant aspects of cost accounting systems, standard costing, budgeting as well as the control and performance evaluation of responsibility centres.
Accountancy 2B is an intermediate course. It builds on the knowledge gained in Accountancy 1A (basic accounting terms) and Accountancy 1B by examining more advanced aspects of accounting in the core areas of management accounting. It is intended that the course will offer a bridge for students proceeding to the study of cost/management accounting at Honours-level.
Outline Content
Joint and By-Product Costing
Income effects of alternative cost accumulation systems
Measuring relevant costs and revenues for decision-making
Activity-based costing
The Budgeting Process
Divisional financial performance measures
Transfer pricing in divisionalized companies
Quantitative models for the planning and control of inventories
Introduction to strategic management accounting - Cost Management
Student Learning Experience
Students will experience the identification and evaluation of different ways of learning including the assimilation of presented material, structured and free choice reading, interaction with staff and other students, practice by doing, use of learning facilities such as library and IT support. While the collaboration with others in the learning process is encouraged the enhancement of independent learning and self-management in finding, organising, assimilating information and in applying this knowledge is central to the course.
Students will develop an ability to work with others either through virtual participation in their online discussion and in-person discussion (where applicable) during their tutorial sessions.
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Information for Visiting Students
| Pre-requisites | Visiting students must have at least 1 introductory level course in Accounting/Management Accounting at grade B or above for entry to this course. We will only consider University/College level courses. It is recommended that Full Year students also take Accountancy 2A (ACCN08009). |
| High Demand Course? |
Yes |
Course Delivery Information
|
| Academic year 2024/25, Available to all students (SV1)
|
Quota: None |
| Course Start |
Semester 2 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
200
(
Lecture Hours 20,
Seminar/Tutorial Hours 9,
Summative Assessment Hours 2,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
165 )
|
| Assessment (Further Info) |
Written Exam
100 %,
Coursework
0 %,
Practical Exam
0 %
|
| Additional Information (Assessment) |
100% Written Exam (Individual)- 3 hours
|
| Feedback |
Formative: Feedback will be provided throughout the course.
Summative: Feedback will be provided on assessment within agreed deadlines. |
| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
|
| Main Exam Diet S2 (April/May) | | 3:00 | | | Resit Exam Diet (August) | | 3:00 | |
Learning Outcomes
On completion of this course, the student will be able to:
- Utilise advanced techniques to produce accounting information which assists internal management to identify, assess and control performance and to make decisions.
- Understand how managers generate and apply management accounting information to assist them to reach better-informed decisions.
- Understand and apply relevant aspects of cost accounting systems, standard costing, budgeting as well as the control and performance evaluation of responsibility centres.
- Critically discuss contemporary developments in management accounting techniques.
|
Reading List
| Drury, C. and Tayles, M. (2021), Management and Cost Accounting (11th Edition) |
Additional Information
| Graduate Attributes and Skills |
Communication, ICT, and Numeracy Skills
After completing this course, students should be able to:
Convey meaning and message through a wide range of communication tools, including digital technology and social media; to understand how to use these tools to communicate in ways that sustain positive and responsible relationships.
Critically evaluate and present digital and other sources, research methods, data and information; discern their limitations, accuracy, validity, reliability and suitability; and apply responsibly in a wide variety of organisational contexts.
Practice: Applied Knowledge, Skills and Understanding
After completing this course, students should be able to:
Work with a variety of organisations, their stakeholders, and the communities they serve - learning from them, and aiding them to achieve responsible, sustainable and enterprising solutions to complex problems.
Cognitive Skills
After completing this course, students should be able to:
Be self-motivated; curious; show initiative; set, achieve and surpass goals; as well as demonstrating adaptability, capable of handling complexity and ambiguity, with a willingness to learn; as well as being able to
demonstrate the use digital and other tools to carry out tasks effectively, productively, and with attention to quality.
Knowledge and Understanding
After completing this course, students should be able to:
Demonstrate a thorough knowledge and understanding of contemporary organisational disciplines; comprehend the role of business within the contemporary world; and critically evaluate and synthesise primary
and secondary research and sources of evidence in order to make, and present, well informed and transparent organisation-related decisions, which have a positive global impact.
Identify, define and analyse theoretical and applied business and management problems, and develop approaches, informed by an understanding of appropriate quantitative and/or qualitative techniques, to explore and solve them responsibly. |
| Keywords | Not entered |
Contacts
| Course organiser | Dr Yew-Ming Chia
Tel: (0131 6)51 3024
Email: Yew.Ming.Chia@ed.ac.uk |
Course secretary | Mr Ewan Henderson
Tel:
Email: ehende2@ed.ac.uk |
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