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Topics covered

The module considers a range of strategic management accounting techniques and critically examines the impact of behavioural and social issues in the use and implementation of management accounting techniques. This module will help to encourage critical, analytical thinking concerning the interplay between accounting and management.

• Introduction and Context
• Management Accounting and the Contemporary Business World
• Costing Systems and Cost Management
• Costing in Contemporary Business – Some Issues
• Management Accounting and Operational Decision Making
• Management Accounting and Operational Control
• Strategic Financial Analysis of the Business and its Environment
• The Financial Aspects of Strategy Development and Implementation
• Management Accounting and Risk Management
• Strategic Management Control and Performance Management

Learning outcomes

If you complete the module successfully, you should be able to:

• explain and discuss a range of advanced costing methods.
• identify and critique a range of investment appraisal techniques, select as appropriate and apply within the investment appraisal process, and make a justifiable recommendation.
• explain the nature and significance of risk and uncertainty, and devise strategies for dealing with risk and uncertainty in decision-making.
• understand the nature of standard costing and demonstrate the necessary skills to calculate advanced variances.
• understand and critique both the theoretical issues and influences on practical decisions associated with multi-product break-even analysis.
• identify and evaluate the key factors that influence transfer pricing.
• numeracy and quantitative skills applied to management accounting scenarios.
• demonstrate effective communication of complex solutions to business related decisions.
• show personal effectiveness, applying critical self-awareness and personal resource management in the context of a diverse business environment.
• demonstrate discussion and questioning skills.
• apply analytical and research skills into a management accounting related business problem and apply these skills in the assembling and analysis of data collected.
• apply complex problem-solving skills within the management accounting arena.
• demonstrate digital and information literacy skills.

Assessment

This module is assessed by:

• Coursework (50% weighting):
• There is one item of coursework for this module which contributes to the final assessment mark for this module.
• Coursework: a written essay of a maximum of 2,000 or 2,500 words (deadline – weeks 9-12) The coursework is designed to check student progress, extend and reinforce concepts covered and also test individual performance.
• Examination (50% weighting):
• The final piece of assessment will be an unseen written examination of 2 hours’ duration.

Essential reading

The following is provided as part of the course materials after you register:

• Drury, C Management and Cost Accounting Cengage, 7th Edition (2015)
• Bhimani, A and Horngren, C et al Management and Cost Accounting Prentice Hall 6th Edition (2015)