Module BUSI41515: FINANCIAL PLANNING AND CONTROL (DL)

Department: Business School (Business)

BUSI41515: FINANCIAL PLANNING AND CONTROL (DL)

Tied To

• N1D217: Business Administration (Finance) (Distance Learning) (For students entering before August 2007) (see Postgraduate Handbook 2011-2012 for details)
• N1D314: Business Administration (Distance Learning) (For students entering before August 2007) (see Postgraduate Handbook 2011-2012 for details)
• N1D317: Business Administration (Distance Learning) (For students entering before August 2007) (see Postgraduate Handbook 2011-2012 for details)

Pre-requisites

Corequisites

Excluded Combinations

Aims

• To build on the core module "Managing Finance" by:
• developing students' understanding of the financial control processes of business and their systems context introduced 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 wealth creation.

Content

• Understanding Cost Behaviour
• Short Term Budgeting
• Resource Allocation and Capacity Costs
• Activity Based Costing Systems and Activity Based Management
• Financial Measures of Performance, International Dimensions
• Balanced Scorecard
• Incentive Measures and Performance

Learning Outcomes

• By the end of the module students will have:
• a knowledge of the behaviour 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.

• By the end of the module students will have:
• the ability to critically evaluate the role of budgeting in effective management control.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

• The module is delivered in discrete Units. These are designed to enable the learning outcomes to be achieved through a combination of specially written material, directed reading, reflection through self-assessed assignments and guidance for further reading. Module tutors provide feedback on formative work and are available for individual consultation as necessary (by email, telephone, post or fax).
• The written assignment will test students’ understanding of relevant concepts and their ability to apply and interpret what they have learned to the analysis of a particular issue in depth.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment

None.