Module BUSI49115: FINANCIAL PLANNING AND CONTROL (FT)

Department: Management and Marketing

BUSI49115: FINANCIAL PLANNING AND CONTROL (FT)

Tied To

• N1K017: Business Administration (12 month Full Time) (see Postgraduate Handbook 2016-2017 for details)
• N1KC17: Business Administration [Finance] (full time) (see Postgraduate Handbook 2010-2011 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

• Learning outcomes will be met through a combination of lectures, groupwork, case studies and discussion, supported by guided reading. 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.