Module ECOS1271: Management Information

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

ECOS1271: 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

• On completion of this module students should:
• 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

• On completion of this module students should:
• 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.
• Seminar activities and discussions will provide the technical application of the key management accounting techniques for the sake of decision making.
• The formative test will provide feedback to students regarding their understanding of management accounting treatments and concepts.
• The summative examination addresses students’ understanding of the main management accounting concepts and technical treatments through problem solving and reflection on learning.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment:

Online test

■ 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