20 credits at level HE6
The module will provide the learner with the opportunity to critically appraise the importance of financial control in management control systems, and critically review the methods by which the complexities of control may be handled.
This is intended to be achieved by building on the accounting elements studied previously and link this in parallel with the perspectives available from management control theories.
Students will be required to conform to professional standards in research, communication and assessment.
Budgetary Control and Behavioural Aspects
Working Capital Management
Performance Measures and Internal Analysis
Activity Based Costing
Capital Budgeting and Cost of capital
Cost Volume Profit Analysis (Multi-product)
Strategic Management Accounting
Financing Business Operations (short and long term financing)
Decision Making Techniques
Use will be made of lectures, tutorials and student managed study hours. Lectures will disseminate information and tutorials will allow students to explore in greater detail the topic areas either through discussion or by analysing a range of problems and situations. The module will endeavour to use a range of technology enhanced learning applications, for example WebCT, blogs and web-based learning and communication resources. Materials will be available online and students will be encouraged to maintain an online personal learning area.
NB Where this module is offered online (via BoltOnline) lectures and seminars delivered by Elluminate.
The learning hours for this module will be made up of the following components:
Seminars and Tutorials 26
Background Reading 72
Coursework Assignments 46
Examination Preparation 40
Total 200 HOURS
when you have successfully completed this module you will:
to demonstrate that you have achieved the learning outcome you will:
|1.||•Synthesise understanding of the main financial control and management control systems, theories and concepts.||
be able to synthesise significant aspects of financial control and management control theories, systems and concepts.
be able to critically review and apply relevant financial control and management control theories, systems and concepts to business problems.
•Critically evaluate and comment on the role of finance in management control systems and their impact on the organisation’s decision making processes.
|2.||•Critically evaluate the effectiveness of financial control in management control systems, identifying strengths, weaknesses and proposed changes.||
be able to identify, retrieve and utilise financial management control source material.
•Identify and critically review the strengths and weaknesses of current financial control models in the context of management control systems.
•Critically evaluate proposed changes.
|3.||•Identify and evaluate relevant sources of accounting information to use in the presentation of solutions.||
be able to analyse and evaluate relevant sources of information with minimal assistance.
be able to solve and write appropriate responses to issues, problems.
|4.||•Apply knowledge of the theories, concepts and models of financial control in management control systems to practical problems.||be able to solve and write appropriate responses to issues, problems.|
|5.||•Develop professional skills.||be able to demonstrate professional skills.|
Your achievement of the learning outcomes for this module will be tested as follows:
|Description||Assignment of 2500 words||3-hours. Open Book (restricted to personal notes) No Handbook or Text Books|
Before taking this module you must have successfully completed the following:
and/or be taking the following corequisite modules:
You cannot take this module if you are taking or have taken:
Weetman, P. (2006) Financial and Management Accounting, 4th ed. Harlow: Financial Times/Prentice Hall.
Drury, C. (2008) Management and Cost Accounting, 7th ed. London: Cengage Learning.
Drury, C. (2005) Management Accounting for Business, 3 rd ed. London: Thomson Learning.
Emmanuel, C. Otley, D and K. Merchant, K. (1990) Accounting for Management Control, 2nd ed. London: Chapman & Hall.
Glautier, M. and Underdown, B. (2000) Accounting Theory and Practice, 7th ed. Harlow: Financial Times/Prentice Hall
Horngren, C T; Bhimani, A; Datar, S M; Foster, G. (2008) Management and Cost Accounting, 4th ed. Harlow: Financial Times/Prentice Hall.
Merchant, K. and Van der Stede, W. (2007) Management Control Systems, 2nd ed. Harlow: Financial Times/Prentice Hall.
Web resources: Students will be expected to make extensive use of the electronic journals available to them via Athens.
Some publishers are starting to offer additional online materials. For example see: http://www.tlint.com/emea/drury_7e/
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