Unit name | Strategic Management Accounting |
---|---|
Unit code | ECONM2024 |
Credit points | 15 |
Level of study | M/7 |
Teaching block(s) |
Teaching Block 2 (weeks 13 - 24) |
Unit director | Dr. Bryer |
Open unit status | Not open |
Pre-requisites |
None |
Co-requisites |
None |
School/department | School of Accounting and Finance - Business School |
Faculty | Faculty of Social Sciences and Law |
To enable students to develop a good understanding of strategic decision making, and control of strategic business units. The unit will adopt a managerial user-perspective (not an accountant preparer-perspective). Key traditional issues relating to control will be examined, including budgets and standard costs. Various contemporary managerial techniques will be explored, such as, activity-based techniques, target costing, balanced scorecard and EVA. Through the use of exercises and case-studies the ability to analyse business issues and problems will be developed.
Nine weekly two-hour lectures and five small group tutorial classes. For the student: 18 hours lectures, 5 hours tutorial classes, plus two revision sessions
Three-hour written examination (100%) incorporating:
A three hour exam in the form described above assesses ILOs 1-7.
- The technical elements are tested primarily though the MCQ section; this also tested breadth of knowledge. ILOs 1-4, 6 and 7 - The case question tests ability to apply knowledge not simply repeat. ILOs 1, 3-7 - the ‘essay-style’ questions assess ability to discuss wider issues; show understanding of critiques of techniques; and demonstrate a knowledge of the implications of the techniques and approaches. ILOs 1-7Formative assessment
Classes are based on exercises that enable students to be proficient in the calculations required in some subjects, and case studies that enable students to learn from real-life applications of techniques. Each student is required to submit an answer to one of the cases; this will be marked and returned with feedback. The formative assessment will test ILOs 1-7.
The course text is: ‘Management Accounting for Business’ 6th ed by Colin Drury, Cengage Learning, 2016
Other reading includes:
‘Advanced Management Accounting’, R. Kaplan and A. Atkinson, Pearson, 2013
‘Cost and Effect:…’, R. Cooper and R. Kaplan, Harvard Business Press, 1998
‘The Strategy-Focused Organization’, R. Kaplan & D. Norton, Harvard Business Press, 2001.
Harvard Business Review papers for activity-based costing and the balanced scorecard, including:
Cooper R and Kaplan R S (1988) 'Measure costs right: make the right decisions', Harvard Business Review, Sep-Oct
Kaplan, R & D Norton, (1993), ‘Putting the Balanced Scorecard to Work’, Harvard Business Review, Sept-Oct.