School of Management, Unit Catalogue 2011/12
|Level:||Honours (FHEQ level 6)|
|Assessment:||CW 25%, EX 75%|
|Supplementary Assessment:||Like-for-like reassessment (where allowed by programme regulations)|
|Requisites:||Before taking this unit you must take MN20019|
The aim of this unit is to develop students understanding of management accounting in terms of:
1. its role and limitations in decision making, strategic development and managerial control;
2. its relevance in the context of globalisation, international competition, technological and organisational change, and emerging issues such as the sustainability agenda;
3. theoretical frameworks which have been used to advance our understanding of management accounting techniques.
On completion of this unit students should be able to:
1. Prepare costing information using a variety of costing techniques for a range of purposes in a range of modern business environments;
2. Use appropriate management accounting information and techniques in a range of decision making scenarios and to interpret the results;
3. Critically appraise methods and techniques of costing etc, assess the implications of their use and the circumstances in which each technique is most appropriate.
* Synthesise, compare, contrast and contextualise key features of management accounting techniques.
* Use appropriate financial analysis and computational techniques to compute financial information which is useful in a management accounting context (TFA)
* Evaluate and assess the relative merits of quantitative techniques used (TFA)
* Identifying financial information and analytical techniques relevant to a particular purpose (T/A)
* Interpreting the results of analysis in a manner pertinent to a specified problem/objective (T/A).
* Recommend courses of management action based on an assessment of financial implications (T/A);
* Construction of relevant costing, financial analysis and budget statements in a format suitable for general readership (T/F/A);
* Applying a range of quantitative analysis techniques in a variety of business environments(F)
* Critical skills in the application of techniques and the interpretation of results (FA).
1. Modern costing techniques: Activity based costing
2. Strategic management accounting including multi dimensional performance measurement systems such as the Balanced Scorecard
3. The role of management accounting in pricing decisions (including transfer pricing)
4. Responsibility accounting and divisional performance measurement (behavioural consequences integrated)
5. Globalisation, technological and organisational change and strategic perspectives on cost management.
6. Working capital management
7. Decision making under conditions of risk and uncertainty
8. Theoretical perspectives on management accounting will be integrated into each topic where appropriate.
MN30469 is Compulsory on the following programmes:School of Management
MN30469 is Optional on the following programmes:School of Management