Management Accounting and Financial Accounting: Decisions, Control, Reporting and Disclosure

This information is for the 2013/14 session.

Teacher responsible

Prof Alnoor Bhimani OLD 3.08

and Prof Bjorn Jorgensen, OLD 2.17


This course is compulsory on the MSc in Accounting, Organisations and Institutions. This course is available on the Diploma in Accounting and Finance, MSc in Development Management, MSc in Law and Accounting, MSc in Management and MSc in Public Management and Governance. This course is available with permission as an outside option to students on other programmes where regulations permit.

The course is also intended for MSc students who have not previously studied accounting subjects to a significant extent, but only with the agreement, in writing, of the MSc Programme Director. Students who have previously studied Accounting are asked to seek advice before selecting this course.

Note: this course is the equivalent of taking the two half-unit courses AC490 Management Accounting, Decisions and Control and AC491 Financial Accounting, Reporting and Disclosure. Students wishing to take both AC490 and AC491 would be required to take AC464 instead. Students cannot take AC464 in conjunction with either AC490 or AC491.


The course is intended for MSc students who have not previously studied accounting to a significant extent.

Course content

This course provides students with an introduction to both management and financial accounting. The financial accounting component highlights aspects of reporting that are important to users of financial information. This includes frameworks of accounting regulation, the balance sheet, income statement and the cash flow statement, as well as an introduction to financial statement analysis. The management accounting component explores issues of accounting information and cost management, managerial decision making and performance measurement. It discusses also the interface between management accounting and technology, corporate strategy, e-business and marketing.


20 hours of lectures and 8 hours of seminars in the MT. 20 hours of lectures and 9 hours of seminars in the LT. 2 hours of lectures in the ST.

Formative coursework

Students are expected to produce several pieces of written work, including accounting exercises, analyses of case studies, and essays. At least four pieces of written work will be collected for feedback during the course. Students are also required to participate actively in a variety of discussions and debates as part of the class activities.

Indicative reading

Illustrative references include: Weetman P, Financial Accounting: an Introduction, Prentice Hall, 2011; Bhimani A, Strategic Finance, Strategy Press, 2012; Bhimani A, and Bromwich M, Management Accounting: Retrospect and Prospect, Elsevier/CIMA, 2009; Bhimani A, et al, Introduction to Management Accounting, Prentice Hall, 2012.


Exam (100%, duration: 3 hours and 15 minutes) in the main exam period.

The first 15 minutes of this is reading time.

Key facts

Department: Accounting

Total students 2012/13: 96

Average class size 2012/13: 11

Value: One Unit

Guidelines for interpreting course guide information

Personal development skills

  • Self-management
  • Problem solving
  • Application of information skills
  • Application of numeracy skills
  • Commercial awareness
  • Specialist skills