Undergraduate Programme and Module Handbook 2005-2006 (archived)
Module BUSS3061: FINANCIAL PLANNING AND CONTROL
Department: ECONOMICS FINANCE AND BUSINESS (BUSINESS) [Queen's Campus, Stockton]
BUSS3061: FINANCIAL PLANNING AND CONTROL
| Type | Open | Level | 3 | Credits | 20 | Availability | Available in 2007/08 onwards | Module Cap | None. | Location | Queen's Campus Stockton |
|---|
Prerequisites
- Management Accounting.
Corequisites
- None.
Excluded Combination of Modules
- None.
Aims
- Developing students' understanding of the financial control processes of business and their systems context intoduced in the core theme.
- Providing students with the ability to evaluate alternative mechanisms to deliver information for management control and decision making.
- Providing students with a critical understanding of the centrality of management accounting information to effective control.
Content
- Understanding Cost behaviour.
- Short term Budgeting.
- Resource Allocation and Capacity Costs.
- Activity Based Costing Systems and Activity Based Management.
- Financial Measures of Performance, Internatioanl Dimensions.
- Balanced Scorecard.
- Incentive Measures and Performance.
Learning Outcomes
Subject-specific Knowledge:
- A knowledge of the behavior of costs.
- A critical understanding of the context of the information needs of management.
- Explored and have an appreciation of recent academic literature and its implications for current management practice.
- A critical understanding of the impact of management accounting on key strategic issues faced by organisations.
- Developed an appreciation of the limitations in application of wealth creation models.
Subject-specific Skills:
- The ability to critically evaluate the role of budgeting in effective management control.
- Demonstrated the ability to undertake, with appropriate guidance, independent investigation of defined topics within the field of Financial Planning and Control, and to report the finding effectively.
Key Skills:
- Wtitten communication - through summative assessment
- Computer Literacy - by typing up summative assignment/report
Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module
- Teaching is by lectures, tutorials and support for student centred learning. Learning takes place through attendance at lectures, preparation for and participation in tutorial classes and private study (inlcuding student centred learning.) Formative assessment is through one formative essay. Summative assessment is by means of one project of 2500 words and one unseen written examination of 1 hour 30 minutes.
Teaching Methods and Learning Hours
| Activity | Number | Frequency | Duration | Total/Hours | |
|---|---|---|---|---|---|
| Lectures | 22 | 1 weekly | 1 hour | 22 | |
| Seminars | 8 | 4 in term 1, 4 in term 2 | 1 hour | 8 | |
| Preparation and Reading | 170 | ||||
| Total | 200 |
Summative Assessment
| Component: Project | Component Weighting: 50% | ||
|---|---|---|---|
| Element | Length / duration | Element Weighting | Resit Opportunity |
| Project | 2500 words | 100% | |
| Component: Examination | Component Weighting: 50% | ||
| Element | Length / duration | Element Weighting | Resit Opportunity |
| Examination | 1.5 hours | 100% | |
Formative Assessment:
Formative essay.
■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University