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Management accounting

If you require a substantial grounding in the fundamentals of management accounting in different organisations and environments, this is the module for you. You will gain an applied knowledge and understanding of the purpose, principles and scope of management accounting. The module is designed for anyone interested in the role of management accounting in financial management, but is particularly suitable if you wish to qualify as a professional accountant. We strongly recommend that you study Financial accounting (B291) before this module, but both modules can be studied independently. 

Modules count towards OU qualifications

OU qualifications are modular in structure; the credits from this undergraduate module could count towards a certificate of higher education, diploma of higher education, foundation degree or honours degree.

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Module

Module code
B292
Credits

Credits

  • Credits measure the student workload required for the successful completion of a module or qualification.
  • One credit represents about 10 hours of study over the duration of the course.
  • You are awarded credits after you have successfully completed a module.
  • For example, if you study a 60-credit module and successfully pass it, you will be awarded 60 credits.
30
Study level

Across the UK, there are two parallel frameworks for higher education qualifications, the Framework for Higher Education Qualifications in England, Northern Ireland and Wales (FHEQ) and the Scottish Credit and Qualifications Framework (SCQF). These define a hierarchy of levels and describe the achievement expected at each level. The information provided shows how OU module levels correspond to these frameworks.

OU SCQF FHEQ
2 9 5
Study method
Distance Learning
Module cost
See Module registration
Entry requirements
See Am I ready?

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What you will study

Management accounting will help you develop an understanding of:

  • the principles, practices, techniques and limitations of management accounting
  • the quantitative methods used in management accounting and managerial finance
  • management theory and practice
  • economic theory in relation to business management.

This module will help you apply your knowledge and understanding of management accounting accurately to a range of issues, questions and problems. You will use established techniques to evaluate and interpret management accounting in a range of contexts. You will learn how to describe, apply, analyse and synthesise management theory, and economic theory and practice in relation to business management.

During the module you will examine different approaches to issues and problems in management accounting. You will explore how to communicate management accounting information effectively and appropriately. Spreadsheets, information and communication technologies, and fundamental business mathematics are some of the methods you will use.

You will develop the general practical and professional skills of management accounting and increase your awareness of relevant ethical issues for management accountants. You will also come to recognise how the skills and knowledge gained in a management accounting course can be used for personal and career goals.

If you are considering progressing to Advanced management accounting (B392), normally you must have successfully completed this module. 

Outside the UK

The module material is aimed at students in the UK or in any location where International Financial Reporting Standards (IFRS) are used.

Teaching and assessment

Support from your tutor

You will have a tutor who will help you with the study material and mark and comment on your written work, and whom you can ask for advice and guidance. There will also be four tutorials and one day school which you are strongly encouraged to attend. Where tutorials and day schools are held depends on the distribution of students taking each module.

Contact us if you want to know more about study with The Open University before you register.

Assessment

The assessment details for this module can be found in the facts box above.

You will be expected to submit your tutor-marked assignments (TMAs) online through the eTMA system unless there are some difficulties which prevent you from doing so. In these circumstances, you must negotiate with your tutor to get their agreement to submit your assignment on paper.

You will not have access to spreadsheets or a computer for the examination. You will be expected to use only a calculator.

Future availability

Management accounting starts twice a year – in April and October. This page describes the module that will start in October 2018 and April 2019 when we expect it to start for the last time.

Regulations

As a student of The Open University, you should be aware of the content of the academic regulations which are available on our Essential Documents website.

    Course work includes:

    2 Tutor-marked assignments (TMAs)
    3 Interactive computer-marked assignments (iCMAs)
    Examination
    No residential school

    Course satisfaction survey

    See the satisfaction survey results for this course.


    Entry requirements

    This is an OU level 2 module and you need to have a good knowledge of financial accounting, obtained either through OU level 1 study or by doing equivalent work at another university. Ideal preparation for this module would be our OU level 1 module Fundamentals in accounting (B124).

    We strongly recommend that you study Financial accounting (B291) before this module if you wish to gain the Professional Certificate in Accounting.

    Please note that you will be expected to spend 6-14 hours per week on your studies for this module.

    If you have any doubt about the suitability of the module, please speak to an adviser.

    Register

    Start End England fee Register
    06 Oct 2018 Mar 2019 £1464.00

    Registration closes 13/09/18 (places subject to availability)

    Register
    06 Apr 2019 Sep 2019 £1464.00

    Registration closes 14/03/19 (places subject to availability)

    Register
    This module is expected to start for the last time in April 2019.

    Additional Costs

    Study costs

    There may be extra costs on top of the tuition fee, such as a laptop, travel to tutorials, set books and internet access.

    If you're on a low income you might be eligible for help with some of these costs after your module has started.

    Ways to pay for this module

    Open University Student Budget Account

    The Open University Student Budget Accounts Ltd (OUSBA) offers a convenient 'pay as you go' option to pay your OU fees, which is a secure, quick and easy way to pay. Please note that The Open University works exclusively with OUSBA and is not able to offer you credit facilities from any other provider. All credit is subject to status and proof that you can afford the repayments.

    You pay the OU through OUSBA in one of the following ways:

    • Register now, pay later – OUSBA pays your module fee direct to the OU. You then repay OUSBA interest-free and in full just before your module starts. 0% APR representative. This option could give you the extra time you may need to secure the funding to repay OUSBA.
    • Pay by instalments – OUSBA calculates your monthly fee and number of instalments based on the cost of the module you are studying. APR 5.1% representative.

    Joint loan applications

    If you feel you would be unable to obtain an OUSBA loan on your own due to credit history or affordability issues, OUSBA offers the option to apply for a joint loan application with a third party. For example, your husband, wife, partner, parent, sibling or friend. In such cases, OUSBA will be required to carry out additional affordability checks separately and/or collectively for both joint applicants who will be jointly and severally liable for loan repayments.

    As additional affordability checks are required when processing joint loan applications, unfortunately, an instant decision cannot be given. On average the processing time for a joint loan application is five working days from receipt of the required documentation.

    Read more about Open University Student Budget Accounts (OUSBA).  

    Employer sponsorship

    Studying with The Open University can boost your employability. OU courses are recognised and respected by employers for their excellence and the commitment they take to complete. They also value the skills that students learn and can apply in the workplace.

    More than one in ten OU students are sponsored by their employer, and over 30,000 employers have used the OU to develop staff so far. If the module you’ve chosen is geared towards your job or developing your career, you could approach your employer to see if they will sponsor you by paying some or all of the fees. 

    • Your employer just needs to complete a simple form to confirm how much they will be paying and we will invoice them.
    • You won’t need to get your employer to complete the form until after you’ve chosen your module.  

    Credit/debit card

    You can pay part or all of your tuition fees upfront with a debit or credit card when you register for each module. 

    We accept American Express, Maestro (UK only), Mastercard, Visa/Delta and Visa Electron. 

    Mixed payments

    We know that sometimes you may want to combine payment options. For example, you may wish to pay part of your tuition fee with a debit card and pay the remainder in instalments through an Open University Student Budget Account (OUSBA).


    For more information about combining payment options, speak to an adviser or book a call back at a time convenient to you.


    Please note: your permanent address/domicile will affect your fee status and therefore the fees you are charged and any financial support available to you. The fees and funding information provided here is valid for modules starting before 31 July 2019. Fees normally increase annually in line with inflation and the University's strategic approach to fees. 

    This information was provided on 17/07/2018.

    What's included

    Seven printed texts and a website with resources to support your learning.

    You will need

    Spreadsheet software is essential.

    A scientific calculator is essential. We recommend any Casio scientific calculator with 'natural display'. These enable you to key in calculations in the same order as they usually appear in written text, and have a two-line display so that you can see both your calculation and the answer. Some instructions for using the Casio fx-83ES, and compatible models, are provided in the study materials. Any other scientific calculator is also acceptable provided that you know how to use it before the module starts, and you have access to the appropriate calculator manual (these are often available to download from the manufacturer’s website).

    Computing requirements

    A computing device with a browser and broadband internet access is required for this module.  Any modern browser will be suitable for most computer activities. Functionality may be limited on mobile devices.

    Any additional software will be provided, or is generally freely available. However, some activities may have more specific requirements. For this reason, you will need to be able to install and run additional software on a device that meets the requirements below.

    A desktop or laptop computer with either:

    • Windows 7 or higher
    • macOS 10.7 or higher

    The screen of the device must have a resolution of at least 1024 pixels horizontally and 768 pixels vertically.

    To participate in our online-discussion area you will need both a microphone and speakers/headphones. 

    Our Skills for OU study website has further information including computing skills for study, computer security, acquiring a computer and Microsoft software offers for students. 

    If you have a disability

    The OU strives to make all aspects of study accessible to everyone and this Accessibility Statement outlines what studying B292 involves. You should use this information to inform your study preparations and any discussions with us about how we can meet your needs.

    To find out more about what kind of support and adjustments might be available, contact us or visit our Overcoming barriers to study if you have a disability or health condition website.