Course Unit Description
Management accounting is a profession that supports management decision making,
planning and performance management systems. Management accountants provide expertise in financial reporting and control to assist management in the formulation and implementation of an organisation’s strategy by providing appropriate financial information and undertaking related accounts administration.
The overall aim of this unit is to introduce fundamental accounting principles that underpin financial operations and support good and sustainable decision making in any organisation. Students will develop a theoretical and practical understanding of a range of financial and management accounting techniques.
On successful completion of this unit, students will be able to assist senior colleagues
in producing and analysing budgets, drawing up simple financial statements and
using financial ratios to interpret performance. Students will also explore wider
aspects of accountancy, especially ethics, transparency and sustainability, and gain
fundamental knowledge and skills that will enable them to progress to a higher level
of study.
Learning Outcomes:
By the end of this course, students will be able to:
LO1 Examine the context and purpose of accounting.
LO2 Prepare basic financial statements for unincorporated and small business
organisations in accordance with accounting principles, conventions and
standards.
LO3 Interpret financial statements.
LO4 Prepare budgets for planning, control and decision making using spreadsheets.
Assessment
To achieve a ‘pass’ for this unit, learners must provide evidence to demonstrate that they have fulfilled all the learning outcomes and meet the standards specified by all assessment criteria.
| Learning Outcomes to be met | Assessment Criteria to be covered | Assessment type | |
| All 1 to 4 | All ACs under LO 1 to 4 | Exams |
Assessment Methods
Assessment methods will include a combination of the following:
• Written examinations
• Group projects
• Case studies and scenario analysis
• Practical demonstrations of in-flight procedures
• Reflective journals
• Presentations
• Peer evaluations
Resources:
• Textbooks and academic readings
• Online learning platforms
• Guest lectures from industry professionals
• Simulated in-flight scenarios and emergency drills
• Role-play exercises
• Videos and multimedia content showcasing passenger interactions and in-flight service techniques.
Indicative Reading List
Recommended Resources
Textbooks
- ATRILL, P. and McLANEY, E. (2018) Accounting and Finance for Non-Specialists.
11th Ed. Harlow: Pearson. - DRURY, C. (2015) Management and Cost Accounting. 9th Ed. Cengage Learning.
- SEAL, W. et al (2018) Management Accounting. 6th Ed. Maidenhead: McGraw-Hill.
- WEETMAN, P. (2019). Financial and Management Accounting: An Introduction.
Harlow: Pearson.
Websites
www.accountingcoach.com
Accounting Coach
Online free courses
(General reference)
www.accaglobal.com
Association of Chartered Certified Accountants
(General reference)
Chartered Institute of Management Accountants
www.cimaglobal.com
Tutor Resource Hub
Corporate Finance Institute
Resources
www.corporatefinanceinstitute.com
Knowledge
(General reference)
