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AC.F303: Advanced Management Accounting
|Department: Accounting and Finance||NCF Level: FHEQ/QCF/NQF6//RQF6|
|Study Level: Part II (final year)||Credit Points: 15.0|
|Start Date: 09-10-2017||End Date: 11-05-2018|
|Available for Online Enrolment?: Y||Enrolment Restriction: Fully available to all students|
|Module Convenor: Mr BW Miller|
- Syllabus Rules and Lancaster Part II Pre-requisites
- Curriculum Design
- Assessment Weights
- Educational Aims
- Learning Outcomes
- Part 1 Modules Video
- Teaching Pattern
Syllabus Rules and Pre-requisites
- The student must take 1 modules from the following group:
Curriculum Design: Outline Syllabus
Aiming to extend your understanding of management accounting, this module focuses on both specialised techniques and the particular contexts in which they might be applied.
In addition to introducing and explaining the use of quantitative methods such as simple and multiple regression, it covers topics such as advanced activity-based costing and customer profitability analysis, pricing for profitability, and flexible and activity-based budgeting.
- 75% Exam
- 25% Coursework
Educational Aims: Subject Specific: Knowledge, Understanding and Skills
The topics covered include advanced activity-based costing, transfer pricing and management control systems as well as regression analysis and the appropriate selection of management performance indicators. The course will also examine the role of management accounting information in decision-making, including the identification of relevant costs and the use of investment centres as well as techniques for evaluating alternative capital investment decisions. The course will employ examples from contrasting industries, with a particular focus on how the application of management accounting differs between service industries and manufacturing industries. The course will also introduce students to the range of careers in management accounting and to the work of the Chartered Institute of Management Accountants (CIMA) as a professional body.
Learning Outcomes: Subject Specific: Knowledge, Understanding and Skills
After completing this course, students should be able to:
Synthesise, evaluate and articulate the role of the management accountant and understand the skills required to perform this role effectively,
Understand, apply and evaluate the range of advanced techniques available to management accountants, especially those used in management decision making,
Use activity-based management techniques and apply activity-based costing to a range of business types,
Explain the use of management control systems and evaluate the use of budgeting as a management control,
Understand the role of uncertainty and risk in decision making and apply appropriate techniques for valuing perfect and imperfect information,
Explain the concept of quality and prepare quality-related cost reports, including those relating to the impact of businesses on the environment,
Select appropriate management accounting techniques given a range of contexts, including their use in a strategic context, and summarise the advantages and disadvantages of these techniques with reference to real world examples and accounting literature, and
Discuss academic literature in the management accounting subject area and critically appraise the existing research base in the subject.
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