AC490 Half Unit
Management Accounting, Decisions and Control
This information is for the 2013/14 session.
Prof Alnoor Bhimani OLD 3.08
This course is available on the Diploma in Accounting and Finance, MPA in European Public and Economic Policy, MPA in International Development, MPA in Public Policy and Management, MPA in Public and Economic Policy, MPA in Public and Social Policy, MSc in Development Management, MSc in Economics and Managment, MSc in Law and Accounting, MSc in Management, MSc in Management and Strategy, MSc in Management, Information Systems and Innovation, MSc in Public Management and Governance, MSc in Regulation and MSc in Regulation (Research). This course is available with permission as an outside option to students on other programmes where regulations permit.
The course may also be taken by MSc students who have not previously studied accounting subjects to a significant extent.. Students in the MSc Accounting and Finance programme are not permitted to enrol in this course or in AC491 or AC464 (see below).
Note: this course also forms the second half of the full-unit course AC464 Management Accounting and Financial Accounting: Decisions, Control, Reporting and Disclosure. Students wishing to take both the half-unit courses AC490 and AC491 will be required to take AC464 instead.
Enterprises must today tackle markets that are affected by the “flattening” effects of globalisation and the extensive advances in internet-based technologies. They must seek success in the face of intense competition including the ever more sophisticated corporate strategies of their competitors. At the same time, the interface between business decisions and management accounting is regarded as becoming more complex and a more significant determinant of high corporate performance. This course provides students with an introduction to 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.
The course will cover:
- established managerial accounting concepts such as cost-volume-profit relationships, overhead cost allocations, activity based costing, the balanced scorecard, target cost management and quality costing;
- the implications for accounting of flexible organisational technologies such as just-in-time systems, enterprise resource planning, computer integrated system and collaborative manufacturing;
- operational, marketing and corporate strategy issues including cost management, e-business and internet-based business models;
- organisational arrangements such as functional and multidivisional firms as well as strategic alliances, joint ventures and virtual enterprises;
- comparative international management accounting systems;
- accounting controls and organisational designs including responsibility centres, financial performance measurements, variance analysis, and incentives;
- strategic accounting tools and practices.
The course will provide participants with:
- an understanding of strategic, market and technological links to management accounting and control practices;
- the ability to apply cutting edge management accounting techniques within competitive business environments;
- a knowledge of interrelationships between behavioural, organisational and cultural issues and management accounting systems.
20 hours of lectures and 9 hours of seminars in the LT. 2 hours of lectures in the ST.
Students are expected to produce several pieces of written work, including accounting exercises, analyses of case studies, and essays. At least two 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.
A detailed reading list will be given out at the start of the course. Illustrative references include: Bhimani A, Strategic Finance, Strategy Press, 2013; Bhimani A,and Bromwich M, Management Accounting: Retrospect and Prospect, Elsevier/CIMA, 2009; Bhimani A, et al, Introduction to Management Accounting, Pearson, 2012.
Exam (100%, duration: 2 hours and 15 minutes) in the main exam period.
The first 15 minutes will be reading time.
Total students 2012/13: 67
Average class size 2012/13: 9
Value: Half Unit
Personal development skills
- Team working
- Problem solving
- Application of numeracy skills
- Commercial awareness