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Management accounting frameworks

Module information>

Academic Direction
Modes of Study

Management accounting frameworks provides the knowledge, understanding and skills to establish an understanding of cost and management and insights into their applications.  

This module aims to provide students with a sound understanding of key issues and applied methodologies relating to management accounting frameworks. Those frameworks are used by managers when faced with making financial decisions in the context of the business environment.  

It seeks to provide students with the requisite knowledge, understanding and skills to cost products, services and activities, understand and manage costs, prepare and manage budgets, and undertake a range of short- and longer-term financial decisions. 

Topics covered: 

Main topics of the module include: 

  • First Ideas about Management Accounting, including the roles of profit, cash and ‘cost’ 
  • Full costing of products, services and activities through conventional overhead or activity-based costing. 
  • Contribution and CVP analysis. 
  • Relevant costs for decision making. 
  • Making capital investment decisions: an introduction to CAPEX. 
  • Budgeting and financial planning. 

Learning outcomes:

On successful completion of this module, you will be expected to be able to:  

  • Understand the differing but inter-connected roles of profit, cash, and ‘cost’ in decision making.  
  • Identify issues in overhead cost recovery and evaluate their impacts on both cost reporting and decision making.  
  • Understand the nature of and apply the idea of contribution and cost-volume-profit (CVP) analyses within managerial decision making.  
  • Understand the nature of and apply relevant costs for decision making.  
  • Undertake and evaluate investment appraisal decisions. 
  • Apply budgetary control and variance analysis. 


There are two assessment components: 

  • Online open book test: 2 hours; weighted at 25%  
  • Coursework: up to 3,000 words; weighted at 75%