This is an archived handbook for a previous year. The current undergraduate and postgraduate handbooks can be viewed using the links above.
Undergraduate Handbook 2012-2013 (archived)
Module BUSS3061: FINANCIAL PLANNING AND CONTROL
Department: Business School (Business) [Queen's Campus, Stockton]
BUSS3061: FINANCIAL PLANNING AND CONTROL
| Type | Level | Credits | Availability | Module Cap | Location |
|---|---|---|---|---|---|
| Tied | 3 | 20 | Available in 2012/2013 | 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 a business.
- 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, International Dimensions.
- Balanced Scorecard.
- Incentive Measures and Performance.
Learning Outcomes
Subject-specific Knowledge
- A knowledge of the behaviour of costs.
- A critical understanding of the context of the information needs of management.
- 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.
- 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.
- The ability to undertake, with appropriate guidance, independent investigation of defined topics within the field of Financial Planning and Control, and to report the findings effectively.
Key Skills
- Written communication - through summative assessment
- Computer Literacy - by word-processing the summative assignment/report
Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module
- Teaching is by lectures and seminars. Learning takes place through attendance at lectures, preparation for and participation in seminars, and private study. Formative assessment is through a formative essay. Summative assessment is by means of a written examination and a written assignment.
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 | Yes |
| Preparation and Reading | 170 | ||||
| Total | 200 |
Summative Assessment
| Component | Component Weighting | Element | Length/Duration | Element Weighting | Resit Opportunity |
|---|---|---|---|---|---|
| Examination | 70% | One 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.