Management Accounting and Decision Making

Description

This module will develop your knowledge and understanding of a range of cost and management accounting techniques (process costing, target costing, learning curve, throughput costing), also with a focus on forecasting and detailed budgeting to support the application of management accounting principles in a range of planning and control scenarios. Studies in this field will expand to consider a range of decision-making situations, including multiple breakeven charts, limiting factors, internal and external pricing decisions, and transfer pricing considerations. Relevant costs, risks, uncertainties, and sensitivity within decision-making will be studied, as will the calculation and interpretation of critical costing variances. The social and behavioural aspects of management accounting will be covered, along with consideration of contemporary issues arising within the profession. This module aims to: - Develop knowledge and understanding of cost and management accounting concepts and techniques. - Engender the ability to apply management accounting principles in planning, control and decision-making situations. - Provide a range of transferable skills. apply advanced cost and management accounting techniques relevant to various practical scenarios : 1,2 appraise decision-making situations such as external pricing, internal charging and transfer pricing.: 1,2 apply cost-volume-profit analysis under multiple product scenarios under constrained capacity: 1,2 evaluate investment opportunities after considering a range of external influences : 1,2 apply a range of advanced variances to support decision-making : 1 analyse principles and the limitations of management accounting to contemporary issues in management accounting research and debate: 1 1: Exam weighted 60% Paper-Based Examination 120-minutes paper based exam under exam conditions. The exam is closed-book, time-constrained, and invigilated to complete professional bodies' exemption requirements. 2: Class Test weighted 40% Computer-Based Test 90 minutes Computer-Based Test to resemble professional bodies' settings and maintain exemptions. A closed-book, time-constrained computer test, invigilated under exam conditions. The University undertakes a continuous review of its teaching and research provision to ensure programmes are of a high quality and changes may be made to modules where it is necessary and reasonable to do so. Please be aware that minor changes to modules, such as a change to an individual assessment, can occur up until enrolment, although we endeavour to give you as much notice as possible of any changes. Details about the circumstance in which changes are made to programmes can be found in the Student Agreement, available at: https://www.keele.ac.uk/legalgovernancecompliance/governance/actcharterstatutesordinancesandregulations/studenttermsconditions/ Last Updated: 31 May 2026