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AC.F610: Advanced Management Accounting

Department: Accounting and Finance NCF Level: FHEQ/QCF/NQF7//RQF7
Study Level: Postgraduate (Masters level) Credit Points: 15
Start Date: 14-01-2019 End Date: 12-04-2019
Available for Online Enrolment?: Y Enrolment Restriction: Fully available to all students
Module Convenor: Dr WA Beekes

Syllabus Rules and Pre-requisites

Curriculum Design: Outline Syllabus

  • Management accounting helps organizations to create value through improved decision making and control of organizational members. Traditionally management accounting courses focus on decision-making and planning. This course, however yields insights into both planning and decision-making and into performance evaluation and control. The decision-making element focuses on the techniques that enable a firm to find solutions for management accounting problems; the control part provides the insights and techniques that enable a firm to bring these solutions to fruition.

    The course deals with techniques that facilitate planning and decision-making, such as, for example, multi-stage cost allocation and Activity Based Costing. But it also deals with the effects of these techniques on managerial behaviour, and how to control these behavioural effects.

    The course is consistent with modern micro-economic theory, but the maths content (if any) is presented in an intuitive way. The integration of management accounting and modern microeconomics facilitates pursuing a career in consulting.

Curriculum Design: Pre-requisites/Co-requisites/Exclusions

  • N/A

Curriculum Design: Single, Combined or Consortial Schemes to which the Module Contributes

  • PGDip/MSc/MRes Accounting and Financial Management PGDip/MSc/MRes Finance

    MSc Financial Analysis

  • 75% Exam
  • 25% Test

Assessment: Details of Assessment

  • final written examination + two tests to be held in sessions 8 and 12 on the course content of the preceding weeks. The final exam will be three hours in duration and students will be required to answer a minimum of five questions.


Educational Aims: Subject Specific: Knowledge, Understanding and Skills

  • This module will develop a comprehensive understanding of the core concepts of management accounting, management accounting systems, budgeting, cost control, as well as the wider context of management accounting and its relationship within accounting theory and theory of the firm. The course is built around a unifying framework that enables students to address organisational problems and solutions in an effective and consistent way. This unifying framework focuses on the interactions between decision management (planning) and decision control (accountability). This unifying framework also enables students to put historical developments in management accounting into

    perspective. The skills that students develop focus on understanding cost behaviour, cost allocation, transfer pricing, budgeting, and responsibility accounting.

Educational Aims: General: Knowledge, Understanding and Skills

  • To master the topics covered and develop an understanding of the framework that originates from the interaction between decision management (planning) and decision control (accountability) – with a focus on management accounting issues.

    Analytical skills: analysing management accounting problems and mapping them into the unifying framework of decision management and decision control. Students will be able to diagnose management accounting problems and offer relevant solutions.

    Students will also develop presentation skills, as they will be called upon to explain problems in front of the class – in an informal way.

    Research skills (e.g. to read selectively and critically) using suitable texts from academic research, in order to develop a deeper understanding of management accounting.

Learning Outcomes: Subject Specific: Knowledge, Understanding and Skills

  • On successful completion of this module students will be able to:

    ? identify and understand a wide range of managerial accounting issues in various types of organisations, and, if necessary, propose changes that help improve managerial accounting systems;

    ? critically evaluate managerial accounting systems;

    ? understand the importance of budgeting;

    ? understand relevant parts of accounting theory, theory of the firm, organizational architecture theory, and others;

    ? relate these theories to daily management issues.

    Examples of techniques that students will master during the course:

    ? Cost Volume Profit Analysis,

    ? Absorption Costing, Variable costing, Activity Based Costing, Target costing,

    ? Transfer pricing,

    ? Responsibility Accounting,

    ? Budgeting,

    ? Cost allocation.

    Whenever possible, the advantages and disadvantages and behavioural / control aspects of these techniques will be addressed.

Learning Outcomes: General: Knowledge, Understanding and Skills

  • On successful completion of this module students will be able to

    ? Diagnose management accounting problems and be able to identify relevant aspects of decision management (planning) and decision control (accountability).

    ? Develop budgets that unite aspects of planning and accountability.

    ? Identify the advantages and disadvantages of various costing systems (ABC, absorption costing, etc).

    ? Identify, and offer solutions for, transfer pricing problems.

    ? Understand responsibility accounting.

    ? Understand cost behaviour.

    ? Understand new developments in management accounting: e.g. Total Quality Management and the Balanced scorecard - and map these developments to the unifying framework of decision management and decision control.

Contact Information

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