Please note: there may be some adjustments to the teaching arrangements published in the course catalogue for 2020-21. Given current circumstances related to the Covid-19 pandemic it is anticipated that some usual arrangements for teaching on campus will be modified to ensure the safety and wellbeing of students and staff on campus; further adjustments may also be necessary, or beneficial, during the course of the academic year as national requirements relating to management of the pandemic are revised.

Management Accounting 1: A Business Decision Emphasis ACCFIN1007

  • Academic Session: 2022-23
  • School: Adam Smith Business School
  • Credits: 20
  • Level: Level 1 (SCQF level 7)
  • Typically Offered: Semester 1
  • Available to Visiting Students: No
  • Available to Erasmus Students: No

Short Description

MABD provides students with an introduction to management accounting in the context of business decisions, emphasising the skills and knowledge that will be used in the work environment. Core topics include the nature of business decisions, short-term and long-term/strategic decision-making models, cost management ideas, and budgeting and associated performance measurement practices.


Interactive Lectures: 2 hours of interactive synchronous lectures/workshops x 10 weeks plus 1 revision session

Tutorials: 1 hour x 4 weeks - completed synchronously.

Labs: 1 hour x 4 weeks - completed asynchronously.

There will also be a range of asynchronous materials and tasks to complete.

Requirements of Entry

Please refer to the current undergraduate prospectus at :

Excluded Courses

ACCFIN1006 Introduction to Management Accounting and Control

ACCFIN1007 Management Accounting & Finance 1







Word length/Duration

3, 4 & 6

In-course exam


24 hours

Main Assessment In: December

Course Aims

The aim of this course is to encourage the acquisition of knowledge and skills relating to the application of management accounting concepts and techniques for business decisions, short-term and long-term/strategic decision-making models, cost management ideas, and budgeting and associated performance measurement practices.

Intended Learning Outcomes of Course

By the end of this course students should be able to:


1. Explain the nature and the processes of businesses and how management accounting plays important roles in their decision-making scenarios.

2. Explain how management accounting contributes to financial reporting, how it is different from financial accounting, and how management accounting ideas and practices are relevant to business decisions: short term and strategic decisions.

3. Define and explain cost accounting terminologies and methods, their rationale of classification, and their relevance to business decisions.

4. Apply management accounting ideas and practices in making short- term/on-going decisions in businesses.

5. Define and explain inventory management ideas and methods (including Just-in-Time) and their uses in business decisions.

6. Apply management accounting ideas and practices in making strategic/long-term business decisions.

7. Apply cost management ideas in determining product/service costs and in making business decisions, with an emphasis on Activity-based Costing (ABC).

8. Use the ideas and practices of budgeting in a business decision-making context, with an emphasis on flexible budgeting, standard costing, variance analysis, and performance management, and their inherent problems.

Minimum Requirement for Award of Credits

The minimum requirement for the award of credits is the submission of at least 100% by weight of the course's summative assessment.