Management Accounting 3 (Acct)


The syllabus for Management Accounting 3, builds on the competencies acquired in Management Accounting 1. This module explores different budgeting techniques and the problems inherent in each of them. Application of budgeting techniques will be achieved through the preparation of integrated budgets The behavioural aspects of budgeting are important to understand, and the module includes consideration of the way individuals react to budgets. . The area of probability in decision-making will be introduced. Risk and uncertainty are a factor of real-life decisions and students need to understand risk and be able to apply some basic methods to help resolve the risks inherent in decision-making. The module introduces more specialised costing which exit in the modern business environment.

Learning Outcomes

  1. Assess and apply decision-making techniques under risk and uncertainty 

  2. Evaluate and apply advanced variance analysis techniques and evaluate standard costing in the modern environment

  3. Develop integrated budgets and evaluate both traditional and contemporary budgeting techniques

  4. Appraise and compare selected techniques within the modern manufacturing environment

% Coursework 20%
% Final Exam 80%