Module ECOS1161: MANAGEMENT INFORMATION

Department: Business School (Economics and Finance) [Queen's Campus, Stockton]

ECOS1161: MANAGEMENT INFORMATION

Prerequisites

• None.

Corequisites

• None.

Excluded Combination of Modules

• None.

Aims

• To enable students to prepare essential financial information for the management of a business.

Content

• Costing and pricing
• Budgeting and forecasting
• Performance management
• Management decision making

Learning Outcomes

• Have knowledge of the costs associated with the production of products and provision of services and be able to use them to determine prices
• Have knowledge of different methods of budgeting and forecasting
• Have knowledge of different management decision-making techniques
• Be familiar with key performance measurement and management approaches

• Be able to select appropriate budgeting approaches and methods and prepare budgets
• Be able to select appropriate performance measures and calculate differences between actual performance and standards or budgets
• Be able to identify and calculate relevant data for use in management decision making.
• Be able to use management information to make business decisions

• skills in data handling and synthesis
• problem solving skills
• critical analysis and judgement skills

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

• Learning will be based on knowledge transfer from lectures, seminars and personal study; investigation of cases and real world organisations which will underpin the seminars will encourage students to develop awareness of cultural differences and apply these to development of their skills in managing themselves and others in such contexts.
• Seminar activities and discussions will provide the technical application of the key management accounting techniques for the sake of decision making.
• Formative assignment will provide feedback to students regarding their understanding to management accounting treatments and concepts.
• Background research on the relevant management accounting concepts will provide the ground for critical review of different decision making processes which will be examined through the summative assignment.
• The examination addresses students understanding to the main management accounting concepts and technical treatments through problem solving and learning reflection..

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment:

Online assessment via DUO.

■ 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