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MN50494: Management accounting 2

Follow this link for further information on academic years Academic Year: 2017/8
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Masters UG & PG (FHEQ level 7)
Further information on teaching periods Period:
Semester 2
Further information on unit assessment Assessment Summary: CW 25%, EX 75%
Further information on unit assessment Assessment Detail:
  • Coursework (CW 25%)
  • Examination (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 module you must take MN50493
Further information on descriptions Description: Aims:
The aim of this unit is to develop an understanding of the strategic and conceptual issues associated with management accounting techniques, and amongst others explore:
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. Utilise theoretical frameworks to advance our understanding of management accounting techniques;
4. Create an analytical evaluation of performance based on Management Accounting theories and modern research.

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 appropriately use;
4. Critically appraise the historical and cultural context of contemporary management accounting techniques;
5. Harness an appreciation of the current management accounting research agendas, their limitations and their relevance to modern business environments.

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);
* Use and application of theoretical techniques in a consulting/advisory environment
* Recommend courses of action based on an assessment of financial implications.
* 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)
* Utilisation of knowledge gained to critically apply in a research (and dissertation) environment.

1. Modern costing techniques: Activity Based Costing
2. The role of management accounting in pricing decisions (including transfer pricing)
3. Responsibility accounting and divisional performance measurement (behavioural consequences integrated)
4. Value creation through performance valuation through Porters Value Chain.
5. Strategic management accounting including value creation and multi dimensional performance measurement systems such as the Balanced Scorecard.
6. Globalisation, technological and organisational change and strategic perspectives on cost management:
7. Working Capital Management
8. Decision making under conditions of risk and uncertainty
9. Theoretical perspectives on management accounting.
Further information on programme availabilityProgramme availability:

MN50494 is Compulsory on the following programmes:

School of Management