Module BUSI45S15: FINANCIAL PLANNING AND CONTROL (PT)

Department: Business School (Business)

BUSI45S15: FINANCIAL PLANNING AND CONTROL (PT)

Tied To

• N1D707: Marketing (Distance Learning) (For students entering before January 2009) (see Postgraduate Handbook 2011-2012 for details)
• N1DM07: Management (Distance Learning) (For students entering before January 2009) (see Postgraduate Handbook 2011-2012 for details)
• N1DN07: Management (distance learning) (for students entering between January 2009 - September 2010) (see Postgraduate Handbook 2011-2012 for details)
• N1DP07: Marketing (distance learning) (for students entering between January 2009- September 2010) (see Postgraduate Handbook 2011-2012 for details)
• N1DR07: Human Resource Management (distance learning) (for students entering between January 2009- September 2010) (see Postgraduate Handbook 2011-2012 for details)
• N1DS07: Entrepreneurship (distance learning) (for students entering between January 2009- September 2010) (see Postgraduate Handbook 2011-2012 for details)
• N1KY07: Entrepreneurship (Part-time)
• N2K307: Management (Part-time)
• N5K107: Marketing (Part-time)
• N6K107: Human Resource Management (Part-time)

Pre-requisites

Corequisites

Excluded Combinations

Aims

• To build on the core concepts of financial management by:
• developing students’ understanding of the financial control processes of business and their systems context;
• 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;
• Strategic management accounting;
• Balanced scorecard;
• Incentive measures and performance;
• Social and environmental reporting.

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;
• a critical appreciation of recent relevant 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;
• a critical appreciation of the implications of globalisation and national culture for financial planning and control.

• By the end of the module, students will:
• be able 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 produced resources, 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 summative assignment will test students’ critical understanding of relevant concepts and their ability to apply and interpret what they have learned in the module by analysing a particular issue in depth.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment

Written assignment of 1,500 words (maximum)