This is an archived handbook for a previous year. The current undergraduate and postgraduate handbooks can be viewed using the links above.
Undergraduate Handbook 2006-2007 (archived)
Module BUSS3061: FINANCIAL PLANNING AND CONTROL
Department: ECONOMICS FINANCE AND BUSINESS (BUSINESS) [Queen's Campus, Stockton]
BUSS3061: FINANCIAL PLANNING AND CONTROL
| Type | Level | Credits | Availability | Module Cap | Location |
|---|---|---|---|---|---|
| Tied | 3 | 20 | Not available in 2006/2007 | None. | Queen's Campus Stockton |
Tied To
Pre-requisites
- Management Accounting (BUSS2061).
Corequisites
- None.
Excluded Combinations
- 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, seminars and support for student centred learning. Learning takes place through attendance at lectures, preparation for and participation in seminars and private study (inlcuding student centred learning.) Formative assessment is through one formative essay. Summative assessment is by means of one unseen written examination of 1 hour 30 minutes duration and one written assignment of 1500 words.
Teaching Methods and Learning Hours
| Activity | Number | Frequency | Duration | Total Hours | Attendance Monitored |
|---|---|---|---|---|---|
| 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 | Component Weighting | Element | Length/Duration | Element Weighting | Resit Opportunity |
|---|---|---|---|---|---|
| Examination | 70% | One unseen written examination | 2 hours 15 mins | 100% | |
| Assignment | 30% | One written assignment | 1500 words max | 100% |
Formative Assessment
Formative essay.
Students who do not attend monitored activities shown under Teaching Methods
and Learning Hours, or who fail to complete the summative or formative
assessment(s) specified above, may be subject to the Academic Progress
procedures defined in the University's General Regulation V, and may be
required to leave the University.