AC490      Half Unit
Management Accounting, Decisions and Control

This information is for the 2021/22 session.

Teacher responsible

Prof Alnoor Bhimani OLD 3.08


This course is available on the CEMS Exchange, Diploma in Accounting and Finance, Global MSc in Management, Global MSc in Management (CEMS MiM), Global MSc in Management (MBA Exchange), MBA Exchange, MSc in Accounting, Organisations and Institutions, MSc in Economics and Management, MSc in Management and Strategy, MSc in Management of Information Systems and Digital Innovation and MSc in Regulation. This course is available with permission as an outside option to students on other programmes where regulations permit.

This introductory course may also be taken by MSc students who have not previously studied accounting subjects. Students in the MSc Accounting and Finance programme are not permitted to enrol in this course or in AC491. This course cannot be taken concurrently with AC415 Management Accounting for Decision Making.

The course is capped at 115 students.

Course content

Enterprises must today tackle markets that are affected by global economic and business forces and advances in digital technologies. They face intense competition from ever-changing corporate strategies of their competitors and new business models. At the same time, the interface between business decisions and management accounting has become more complex but significantly impacts corporate performance. This course provides students with an introduction to how accounting information and cost management techniques shape managerial decision making and performance measurement. It discusses inter-relationships between management accounting and technology, corporate strategy, e-business and marketing. The course includes both qualitative and quantitative material and is not purely calculations based.

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;

- how flexible organisational technologies such as just-in-time systems, enterprise resource planning, computer integrated system and 3-D manufacturing influence accounting information;

- operational, marketing and corporate strategy issues including cost management, e-business and internet-based business models;

- organisational arrangements such as functional and multidivisional firms and virtual enterprises;

- comparative international management accounting systems;

- accounting controls associated with responsibility centres, financial performance measurement, 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 modern 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.

There will be a reading week in week 6 of LT. A 2-hour revision lecture will be held in ST or extra office hours will be held.

Formative coursework

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

Indicative reading

A detailed reading list will be given out at the start of the course. The following books will be  used: Bhimani A,  Horngren C, Datar S and Rajan M  Management and Cost Accounting (Pearson, 2019); Bhimani, A. Accounting Disrupted: How digitalization is changing finance (Wiley, 2021) and   Bhimani A, Financial Management for Technology Start-ups (Kogan Page, 2021).


Exam (100%, duration: 2 hours and 15 minutes, reading time: 15 minutes) in the summer exam period.

The first 15 minutes will be reading time.

Course selection videos

Some departments have produced short videos to introduce their courses. Please refer to the course selection videos index page for further information.

Student performance results

(2017/18 - 2019/20 combined)

Classification % of students
Distinction 40.6
Merit 30.9
Pass 18.8
Fail 9.7

Teachers' comment

This is an introductory course which emphasises applied managerial issues and basic quantitative accounting analysis.  Students interested in real life management issues and not just in-depth technical accounting calculations will enjoy the course most and perform well.

Important information in response to COVID-19

Please note that during 2021/22 academic year some variation to teaching and learning activities may be required to respond to changes in public health advice and/or to account for the differing needs of students in attendance on campus and those who might be studying online. For example, this may involve changes to the mode of teaching delivery and/or the format or weighting of assessments. Changes will only be made if required and students will be notified about any changes to teaching or assessment plans at the earliest opportunity.

Key facts

Department: Accounting

Total students 2020/21: 73

Average class size 2020/21: 12

Controlled access 2020/21: Yes

Value: Half Unit

Guidelines for interpreting course guide information

Personal development skills

  • Leadership
  • Team working
  • Problem solving
  • Communication
  • Application of numeracy skills
  • Commercial awareness