Title: Functions of Management Accounting
Course: BAC300: Management Accounting I (PEBL) > Section: LESSON TWO: Functions of Management Accounting

1.1  Introduction

In this first lesson, we lay the foundation for the entire course by defining the concept entrepreneurship and other related terms. Throughout our teaching experiences, we have found that an understanding of the basic principles behind the subject and their applications increases the students’ motivation for the subject. We therefore introduce you to the theories upon which entrepreneurship study is based and encourage you to engage in in-depth discussions of these concepts and theories. Since the term entrepreneurship is closely associated with small businesses, we introduce the concept of small business too. The purpose of this lesson is to enable you understand fundamental concepts and theories of entrepreneurship.

2.1 Introduction

Lesson-level overview | Lesson/week/section | 2.
Lesson name: | Functions of Management Accounting
Aim of the lesson: | To introduce functions and users of management accounting and distinguish between management accounting and financial accounting.
This lesson covers:
- Functions of management accounting
- Users of management accounting information.
- Distinction between management accounting and financial accounting
Intended learning outcomes:
At the end of this lesson, you will be able to:

1. Discuss the functions of management accounting
2. Explain users of management accounting
3. Distinguish between management accounting and financial accounting

Overview of student activity: | 1.Pre-lesson activity - Class presentation on functions of management 2. Engaging in e-tivities 2.1, 2.2, 2.3 that involves  reading linked resources and watching videos on functions of management accounting. 3. Answering questions and collaborating with peers in the discussion forums

Constructive alignment of Lesson level outcomes with module level outcomes, learning activities and assessment

(Pressing <Tab> at the end of the table will provide additional rows in the table, if required.)
Intended Lesson learning outcomes: | No of module-level outcome | Activity where students engage with this outcome | Where and how is this outcome assessed?
At the end of this lesson, you will be able to:
1. Discuss the functions of management accounting | 1 | 2.1 | 2.1 (a) - Short answer question
1. Explain users of management accounting. | 1 | 2.2 | 2.2 (a) - Short answer question
1. Distinguish between management accounting and financial accounting. | 1 | 2.3 | 2.3 (a) - Short answer question

Detailed explanation of ALL student and teacher engagement with the lesson:

Module-level outcomes addressed:
Lesson two addresses module learning outcome 1, concepts of management accounting.
Purpose of the lesson/week/section:
To take you through the functions and users of management accounting and differences between management accounting and financial accounting.
Over to you: (a description of the process of the section)
You will start with a pre-lesson activity that requires you to identify three functions of management accounting and present this in class. You will then read the given resource to get more details about   functions of Management Accounting (E-tivity 2.1). You will learn about the primary and secondary users of Management Accounting ((E-tivity 2.2)before finally distinguish between Management Accounting and Financial Accounting ((E-tivity 2.3).
Pre-lesson activity: | Number of hours | 1
Identify three things that you already know about functions of management accounting and write them down in bullet points in discussion forum 2.1. Later, you will compare your answers with what the facilitator and your colleagues
Face to face time: (if applicable) | Number of hours | 1
1. Explain the learning outcomes
2. Explain the link between the previous lesson and the current one
3. Introduce the functions of management accounting

E-tivity 2.1

Online activity: | Number of hours | 1
What should students do?
E-tivity 2.1

You have already identified three things that you already know about functions of management accounting and written them down in bullet points in discussion forum 2.1. To get more details about the functions of management accounting, read  functions of management accounting on pp 12-22, and then:

(a) Compare your pre-lesson activity answers with what is outlined as the functions of management accounting in the text that you have read.

(b) Discuss with three of your colleagues any new ideas that you have gathered from the text that you read and if there is any new ones, add them to your earlier work and re-post in the discussion forum2.1
Where do they do it? | On the discussion forum 2.1
By when should they do it? | Before the next lesson.
E-moderator/tutor role
1. Ensure that learners are focused on the contents and context of discussion.
2. Stimulate further learning and generation of new ideas.
3. Provide feedback on e-tivity 2.1 tasks.
4. Close the e-tivity.
How are the learning outcomes in this lesson assessed? | Number of hours | 1
Essay questions
How does this section link to other sections of the module?
This second lesson introduces functions of management accounting which will be discussed in the subsequent lessons.

E-tivity 2.2

= Total number of hours | 4 |
Online activity: | Number of hours | 1
What should students do?
E-tivity 2.2

Using this picture of primary and secondary users of management accounting;

a) Explain how each of the internal users utilizes accounting information.

b) Post this in discussion forum 2.2.
Where do they do it? | On the discussion forum 2.2
By when should they do it? | Before the next lesson
E-moderator/tutor role
1. Ensure that learners are focused on the contents.
2. Stimulate further learning and generation of new ideas.
3. Provide feedback on e-tivity 2.2 task.
How are the learning outcomes in this lesson assessed? | Number of hours | 1
Short answer question
How does this section link to other sections of the module?
This is second lesson which introduces users of management accounting information in the subsequent lessons.

E-tivity - 2.3

Online activity: | Number of hours | 1
What should students do?
E-tivity 2.3

It is strongly believed that management accounting and financial accounting are different. Explain this belief in the context of link1 and link2 and then;

(a) Using a table distinguish between management accounting and financial accounting.

(b) Once you have posted your answer on the discussion forum, read what three of your colleagues in the tutorial group have posted and note the key difference between management accounting and financial accounting. Add any new difference to your notes.
Where do they do it? | On the discussion forum 2.3
By when should they do it? | Before the next lesson.
E-moderator/tutor role
1. Ensure that learners are focused on the contents and context of discussion.
2. Stimulate further learning and generation of new ideas.
3. Provide feedback on e-tivity 2.3 tasks.
4. Close the e-tivity.
How are the learning outcomes in this lesson assessed? | Number of hours | 1
Essay questions
How does this section link to other sections of the module?
It lays foundation for lesson three

Some important questions

Which learning resources/ references will scaffold the students’ learning?
1. MitchelL, F., Moyne, C. Patty, G. & Dixon, C. (2019) Principles of accounting, Vol 2: managerial accounting, OpenStax , Houston, Texas .
2. Kurt, H., Sierra, C. Joe, & H. (2012) Managerial accounting, Saylor Foundation
How are students enabled to access the resources? | Learning Management System (LMS). OER Africa website
Where in this lesson are students expected to work collaboratively? | Discussion forum 2.1 , Discussion forum 2.2 and Discussion forum 2.3
How has an inclusive approach been incorporated in this lesson?
1. Use of multimedia resources in the module and differentiated learning activities.
2. Use university computer labs, all resources are downloadable for offline use and discounted data bundles are available to students.
3. Use of accessibility button for learners with special needs on the LMS.
How will feedback on lesson be obtained from students?
1. Through the posts in the discussion forum 2.1, Discussion forum 2.2 and Discussion forum 2.3.
2. Students’ reflection/survey.
How will student feedback be used to improve lesson? | By incorporating suggestions in the course for the current and subsequent cohorts.
At which point(s) will students receive formative feedback on the work they have done in the Lesson? | Before next lesson.