Module ACCT3031: FINANCIAL PLANNING AND CONTROL

Department: Accounting

ACCT3031: FINANCIAL PLANNING AND CONTROL

Tied To

• N400: Accounting (see Undergraduate Handbook 2019-2020 for details)
• N401: Management Accounting (see Undergraduate Handbook 2019-2020 for details)
• N402: Financial Accounting (see Undergraduate Handbook 2019-2020 for details)
• NN42: Accounting and Management
• NN43: Accounting and Finance

Pre-requisites

Corequisites

Excluded Combinations

Aims

• Developing students' understanding of the financial control processes of a business.
• Developing student understanding of research techniques in management accounting
• 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

• Research method and methodologies in management accounting
• Internal (transfer pricing) and divionalisation.
• Strategic management accounting (SMA) concepts and techniques.
• The balanced score card (BSC) concepts and measurements.
• Budgeting concepts and advancement.
• Performance measurement and economic value added (EVA).
• Activity based approaches including activity based costing (ABC) and activity based management (ABM)
• Globalisation of management accounting and international convergence.
• Strategic investment appraisal and risk Incentive and managerial compensation (the agency model)
• Operations management changes and management accounting.
• Management control and inter-organisational relationships.
• Management accounting in the public sector.
• Knowledge resources and management accounting.

Learning Outcomes

• A knowledge of the internal pricing decisions.
• 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.

• The ability to critically evaluate the role of management accounting in the new global and international conversions.
• 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.

• Written communication
• Computer Literacy

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

Summative Assessment

Formative Assessment

Formative essay.