Course Information Undergraduate prospectus

Advanced Management Accounting

Course summary

Course code: ACCO1114
Level: 6
Credits: 15
School: Business Faculty
Department: Accounting and Finance
Course Coordinator(s): Gary Owen

Specification

Pre and co requisites

ACCO 1095 Management Accounting

Aims

Critically evaluate alternative approaches to management accounting and understand the factors that influence choice in management accounting practices. Understand the behavioural aspects of the management accounting and control process.

Learning outcomes

1. Critically analyse how management accountants evaluate the performance of different centres (cost, profit or investment centres) using appropriate measures, e.g. return on investment, residual income.
2. Critically evaluate the range of management accounting techniques available to managers.
3. Consider the problem of identifying relevant information in the light of changing conditions.
4. Consider the balance between financial and non-financial measures.

Indicative content

Balanced Scorecard
Real Options Analysis and risk
Residual Income and Return on Investment
Implementation and evolution of Management Accounting techniques
Transfer pricing
Environmental Management Accounting
Economic Value Added
Behavioural aspects of Management Accounting
Management Accounting in different sectors

Teaching and learning activity

This course is delivered through two hour weekly lectures and one hour tutorials.

Each week students will be presented with exercises and recommended readings which they will be required to prepare for the following weeks’ seminar. The tutorials will also provide a forum for considering questions and issues students raise as a result of their private study.

To facilitate and support independent learning, students will be provided with a reading list that will cover general background literature and more specialist and topical material drawn from the prescribed textbooks, journal articles and the financial and business press.

Assessment

Individual Essay - 40% weighting, 40% pass mark, learning outcome - 2 (shared with ACCO 1115). Research based essay on given topic (Shared with ACCO 1115). 3000 words.

Exam 3 hours - 60% weighting, 40% pass mark, learning outcomes 1, 3 & 4.

Students are not required to pass all components in order to pass the course.