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Semester 2

Accountancy 2B (ACCN08010)

Subject

Accounting

College

CAHSS

Credits

20

Normal Year Taken

2

Delivery Session Year

2023/2024

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).

Course 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.

Assessment Information

Written Exam 100%, Coursework 0%, Practical Exam 0%

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