SSST Subjects

EC255 Managerial Accounting


Programme(s) where module is offered

  • BSc in Economics with International Business
  • BSc in Economics with Finance
  • BSc in Business and Management with Finance
  • BSc in Business and Management with Economics

Status (core, option, free choice)



FHEQ Level



Unit Value



Semester taught



Pre-Requisite Modules or Qualifications



Module Code



Module coordinator



Applicable From



Educational Aims of the Module

  • The managerial accounting is the firm’s internal accounting system designed to support the information needs of managers. Unlike financial accounting which focuses on preparing standardized financial statements for external users, managerial accounting supplies managers with information for making effective decisions, planning and controlling firm’s activities.
  • The module introduces students to the major areas of managerial accounting. After covering basic managerial accounting concepts, the module examines cost behaviour and implications of alternative costing approaches.
  • In the final part, the module integrates all covered topics to produce financial projections and use them to make capital investment and debt management decisions.

Module Outline/Syllabus

  • Cost categories and cost behaviour

  • Cost-Volume-Profit Analysis

  • Job-Order and Process Costing

  • Activity-Based Costing

  • Absorption and Variable Costing

  • Inventory Accounting and Management

  • Costing and Short/Long Term Decision Making

  • Financial planning


Student Engagement Hours

Type Number per Term Duration Total Time


15 1.5 22.5


5 1.5 7.5


5 1.5 7.5
Tutorials 5 1.5 7.5
Total Guided/Independent Learning Hours 45.0
Total Contact Hours 155.0
Total Engagement Hours 200.0

Assessment Method Summary

Type Number Required Duration / Length Weighting Timing / Submission Deadline

Final exam


3 hours


Week 17

Mid-term exam


2 hours


Week 8

Written tests/quizzes


2x1 hour


Weeks 4,12


Module Outcomes

Intended Learning Outcomes:

  • Demonstrable understanding of accounting principles and standards

  • Interpret managerial reports

  • Knowledge of the accounting process and preparation of the financial statements

  • Accurately describe key managerial accounting concepts such as fixed/variable costs, break even, operating costs and inventory accounting

  • Articulate on how accounting policies on costing and inventory management affect financial statements

  • Ability to collect information from variety of sources to provide information related to solutions in familiar and unfamiliar contexts, and to be able to (at least theoretically) apply solutions in unfamiliar context)

Teaching and Learning Strategy:

  • Lectures (ILO: 1-5)

  • In-class exercises (ILO: 5-6)

Assessment Strategy:

  • Midterm exam: (ILO:1-3)

  • Final exam (ILO: 1-5)

  • Written tests (ILO: 3-6)

Practical Skills:

  • Interpret corporate financial statements

  • Perform cost analysis

  • Prepare managerial accounting reports

Teaching and Learning Strategy:

  • Lectures (PS: 1-3)

  • In-class exercises (PS: 1-3)

Assessment Strategy:

  • Final and midterm exam (PS:1-3)

  • Written tests (PS: 1-3)

Transferable Skills:

  • A problem-centered and problem-solving approach

  • Ability to effectively present own and others’ point of view

  • Numeracy Skills

  • Communication Skills: Written and Oral

  • Research Skills

  • Data analyses skills

  • Classify data

  • Compare, inspect or record facts

Teaching and Learning Strategy:

  • Lectures (TS: 1-4)

  • In-class exercises (TS: 1-8)

Assessment Strategy:

  • Exams and tests (TS: 1-4, 6-8)

  • In-class exercises (TS: 1-8)


Key Texts and/or other learning materials

Set text

  • Sawyers, R. B., Jackson, S & Jenkins, G. (2013), Managerial ACCT2, Cengage

Supplementary Materials

  • Walther, L. (2016). Principles of Accounting,

  • Kemp, R. & Waybright, J. (2016) Financial Accounting, 4/E, Pearson

  • Alexander, D. & Nobes, C. (2016) Financial Accounting: An International Introduction, 6/E. Pearson

  • Weetman, P. (2016) Financial Accounting: An Introduction, 7/E, Pearson

Please note

This specification provides a concise summary of the main features of the module and the learning outcomes that a typical student might reasonably be expected to achieve and demonstrate if he/she takes full advantage of the learning opportunities that are provided.

More detailed information on the learning outcomes, content and teaching, learning and assessment methods of each module and programme can be found in the departmental or programme handbook.

The accuracy of the information contained in this document is reviewed annually by the University of Buckingham and may be checked by the Quality Assurance Agency.

Date of Production : April 2017

Date approved by School Learning and Teaching Committee

Date approved by School Board of Study

Date approved by University Learning and Teaching Committee

Date of Annual Review


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Bosna i Hercegovina

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