SMCO H2027: Cost Benefit

Analysis & Decision Making

Short Title: Cost Benefit Analysis & Decision Making APPROVED

Full Title: Cost Benefit Analysis & Decision Making

Module Code: SMCO H2027

ECTS credits: 5

NFQ Level: 6

Module Delivered in 2 programme(s)

Module Contributor: Sandra Thompson

Module Description:
The module aims are to provide the learner with :- 1. an understanding of the role of accounting information
in the decision-making process 2. an awareness of the uses of revenue and cost information in decision
making 3. a knowledge of break-even analysis and profit maximisation decisions 4. an understanding of the
various costing techniques used in different organisations; 5. a knowledge of the opportunities and problems
using cost data and to recommend effective corrective management action based on their conclusions;

Learning Outcomes:

On successful completion of this module the learner will be able to

1. Examine the role of management accounting in providing information to managers for decision making planning, control
and performance measurement.
2. Operate sections of a relatively sophisticated cost accounting system
3. Prepare and interpret financial information to enable informed and sound decision making
4. Identify and describe the purposes of budgeting and prepare cash budgets to aid management in effective cash
management

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 SMCO H2027: Cost Benefit
Analysis & Decision Making

Module Content & Assessment

Indicative Content

Introduction
Introduction to cost terms and concepts

Decision Making in the Organisation Context

Role of accounting information in the decision-making process, Types of decisions in service organisations

Cost Accumulation for profit measurement

Materials and stock control: stock records and pricing stores issues. Overhead analysis and reapportionment of service department
overheads. Absorption procedures and over and under recovery of overheads. Calculation of product cost and pricing methods

Relevant Cost Analysis

Contribution approach to decision making. Cost Volume Profit analysis Role of cost information in make or buy, capacity and pricing
decisions. Product mix decisions

Budgets
The budget process and budgetary planning

Indicative Assessment Breakdown %

Course Work Assessment % 30.00%

Final Exam Assessment % 70.00%

Course Work Assessment %

Assessment Type Assessment Description Outcome % of Assessment

addressed total Date

In-class test n/a 1,2 30.00 n/a

Final Exam Assessment %

Assessment Type Assessment Description Outcome % of Assessment Date

addressed total

Formal Exam End-of-Semester Final Examination 1,2,3,4 70.00 End-of-Semester

Indicative Reassessment Requirement

Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a
coursework element.

ITB reserves the right to alter the nature and timings of assessment

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Indicative Module Workload & Resources

Indicative Workload: Full Time

Frequency Indicative Average Weekly Learner Workload

Every Week 2.00

Every Week 1.00

Every Week 2.00

Resources

Recommended Book Resources

Colin Drury, Cost and Management Accounting, 4 Ed., Cengage Learning Business Press [ISBN: 9781408032138]

Supplementary Book Resources

Colin Drury, Management and Cost Accounting, Cengage Learning EMEA [ISBN: 9781408041802]

This module does not have any article/paper resources

Other Resources

www.thomsonlearning.co.uk/drury-online: Drury online resources

Module Delivered in

Programme Code Programme Semester Delivery

BN_BSMCO_8 Bachelor of Arts (Honours) in Sports Management and Coaching [240 ECTS credits] 4 Mandatory

BN_BSMCO_7 Bachelor of Arts in Sports Management and Coaching [180 ECTS credits] 4 Mandatory

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