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MN30469: Advanced management accounting

Follow this link for further information on academic years Academic Year: 2013/4
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 6
Further information on unit levels Level: Honours (FHEQ level 6)
Further information on teaching periods Period: Semester 2
Further information on unit assessment Assessment: CW 25%, EX 75%
Further information on supplementary assessment Supplementary Assessment: Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites: Before taking this unit you must take MN20019
Further information on descriptions Description: Aims:
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.

Learning Outcomes:
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.

Skills:
Intellectual skills
* 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).
Professional/Practical Skills
* 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);
Transferable/Key Skills
* 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).

Content:
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.
Further information on programme availabilityProgramme availability:

MN30469 is Compulsory on the following programmes:

School of Management
  • UMMN-AFB02 : BSc (hons) Accounting and Finance (Full-time) - Year 3
  • UMMN-AKB02 : BSc (hons) Accounting and Finance (Full-time with Thick Sandwich Placement) - Year 4

MN30469 is Optional on the following programmes:

School of Management
  • UMMN-ANB01 : BSc (hons) Business Administration (Full-time with Thin Sandwich Placements) - Year 4
Notes:
* This unit catalogue is applicable for the 2013/4 academic year only. Students continuing their studies into 2014/15 and beyond should not assume that this unit will be available in future years in the format displayed here for 2013/14.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.