Course Information Undergraduate prospectus

Current Issues in Management Accounting for Business

Course summary

Course code: ACCO1153
Level: 6
Credits: 15
School: Business Faculty
Department: Accounting and Finance
Course Coordinator(s): Gary Owen

Specification

Pre and co requisites

ACCO 1095 and ACCO1132

Aims

Analyse the organisational context in which management accounting techniques and systems are used to achieve planning, control and decision-making. Critically evaluate alternative approaches to management accounting and understand the factors that influence change in management accounting practices. Understand the behavioural aspects of the management accounting and control process.

Learning outcomes

On completing this course successfully students will be able to:
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 impact of new management accounting concepts.
3.Critically evaluate the decision-making implications of management accounting.
4. Identify suitable performance measures in different sectors and the need to link financial and non-financial measures.

Indicative content

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

Teaching and learning activity

This course is delivered through two hour weekly lectures and one hour tutorials. This will comprise discussions and guided reading.

Learning Time (1 credit = 10 hours)

Scheduled contact hours:

Note: include in scheduled time: project supervision, demonstrations, practical classes and workshops, supervised time in studio or workshop, scheduled lab work , fieldwork, external visits.
lectures 24
seminars 0
supervised practical sessions 0
tutorials 12
formative assessment 0
other scheduled time 0
Guided independent study

Note: include in guided independent study preparation for scheduled sessions, follow up work, wider reading or practice, revision:
Independent coursework 0
Independent laboratory work 0
other non-scheduled time 0
Preparation for scheduled sessions (74) plus revision (40) for 3 hour exam 114
Placements & year abroad:
Work placements 0
Work based learning 0
Year abroad 0
Other placement 0
Total hours (’Should be equal to credit x 10’) 150

Assessment

Exam - 100%
3 hours.
LO 1-5.

Pass mark - 40%