Aims & Learning Objectives:
Recent developments in management accounting and especially cost management will be reviewed mainly through the medium of case studies in order to develop the students' ability to analyse practical control problems and select the appropriate tools to use in specific circumstances.The final objective of the unit will be to consider how companies are changing their cost management systems through time in order to align them more closely with central strategic thinking for developing the business.
Content:
Developments in product costing and cost management (activity based costing, the theory of constraints and throughput accounting, cost of quality analyses, etc.), the way management accounting and control is adapting to the changing technological context and developments in supply chain relationships, the influence of Japanese management accounting practices and how they are also changing in Japan (target costing, kaisen costing, ex-ante activity analysis), balanced scorecard developments and their relationship to business segment control (divisions, SBUs, product groups, projects, etc).
|
