This module aims to:

Develop students’ knowledge and understanding of the roles of management accounting information in planning, coordination, decision making, control, performance measurement, and business strategy;

Develop critical management accounting skills, explore the roles of management accounting in assessing financial performance, and explain the main contemporary issues for organisations;

To provide students with an appreciation and understanding of the complexities involved in the design of management control systems.

(LO1) Students will be able to explain and discuss a range of advanced costing methods and critically evaluate its relevance for organisations in the contemporary business world.

(LO2) Students will be able to identify and critique a range of investment appraisal techniques, select as appropriate and apply within the investment appraisal process, and make a justifiable recommendation.

(LO3) Students will be able to apprise the nature and significance of risk and uncertainty, and devise strategies for dealing with risk and uncertainty in decision-making.

(LO4) Students will be able to critique both the theoretical issues and influences on practical decisions associated with multi-product break-even analysis.

(LO5) Students will be able to critique different methodologies applied in management accounting research.

(LO6) Students will be able to consider current and future directions in management accounting and control research.

(LO7) Students will be able to investigate and apprise the performance of organisational units and formulate strategies for mid-to long-term challenges.

(S1) Adaptability.
Students will work on case studies about real business problems which will equip them to adapt and deal with different organisational circumstances.

(S2) Problem solving.
Students will work on analysing problems in management accounting case studies.

(S3) Commercial awareness.
Students will work on case studies about real business operations.

(S4) Teamwork.
Students will work in teams to develop a conceptual understanding of problems and issues.

(S5) Organisation skills.
Students will develop organisation skills through effectively managing and solving real life case studies in tutorials.

(S6) Communication skills.
Students will develop oral communication skills through presentations and written communication skills in their assignments.

(S7) International awareness.
Students will develop international awareness through the use of case studies on multi-national organisations.

(S8) Lifelong learning.
Students will develop this skill through the preparation and interpretation of management accounting information.

(S9) Ethical awareness.
Students will develop ethical awareness by understanding issues related to accountability, governance and corporate social responsibility.

Hybrid delivery, with social distancing on campus.

Online asynchronous learning materials: 20 hours (5 x 4 hours)
Used for the development and evaluation of key concepts and knowledge of issues in relation to the creation and evaluation of management accounting information. Will help students in the development of subject specific critical skills and provide opportunities for analysing and critically evaluating contemporary issues in management accounting systems.

Face-to-face workshops: 10 hours (5 x 2 hours)
Tutorials will be used for supporting and producing an in-depth understanding of issues covered in lectures. Through the application of interactive as well as self-directed learning methods, tutorials will be used for developing students’ knowledge for creating, analysing and critically evaluating management accounting information in relation to planning, co-ordination, decision making, performance measurement, control, and business strategy.

S tudent-led groupwork: 5 hours (5 x 1 hour)
This activity is student led – the module leader would not be present at these sessions. Students will be required to form groups and engage with other students in ‘active learning’ activities.

Self-directed learning: 115 hours
Students will engage in independent study of detailed background information and reading materials around topics covered in lectures and workshops.

Management accounting and the contemporary business world;

Managing the costs of creating value;

Capital investment decision-making;

Managing and controlling the performance of organisational units;

Management accounting and risk management;

Strategic management control and performance management.