| Unit name | Management Accounting for Strategy |
|---|---|
| Unit code | EFIM30035 |
| Credit points | 20 |
| Level of study | H/6 |
| Teaching block(s) |
Teaching Block 1 (weeks 1 - 12) |
| Unit director | Professor. Chris Chapman |
| Open unit status | Not open |
| Pre-requisites |
At least 40% in ACCG20011 Management Accounting |
| Co-requisites |
None |
| School/department | School of Accounting and Finance - Business School |
| Faculty | Faculty of Social Sciences and Law |
This unit highlights the trend in recent decades for management accounting to become more and more strategic in its focus. This began with the growing emphasis on external market conditions and customer preferences in approaches to considering the nature and role of calculations of cost leading up to explicit frameworks for the definition and communication of strategy such as the balanced scorecard.
In discussing the various tools and techniques this unit will build upon the technical groundwork laid in the [2nd year module]. Whilst this course is based around the same text book used for that course, a key point of development will be extensive engagement with the management accounting research literature.
Students will be familiar with a range of contemporary cost management techniques. They will be able to evaluate strengths and weaknesses, critically discuss issues regarding implementation and effectiveness, and assess various strategic options. Students will have a good understanding of the practical issues relating to these new initiatives.
10 lectures and 10 classes
Class preparation: the material for this course consists of one textbook, selected other readings and cases. It is expected that all students prepare all readings and cases for each class. Where cases require calculations there will be spreadsheets available containing the exhibits.
Class participation: Classes will be conducted in a dialogue manner. Issues and models will be presented, and their potential merits will be open for a dialogue. Cases will also take up a good part of the teaching, and a thorough analysis of case issues, and suggestions for their solution, will be expected.
Summative Assessment:
3 hour closed book exam.
Formative Assessment:
Submission of three pieces of work and weekly MCQ quizzes on Blackboard.
All learning outcomes are tested by both the summative assessment and formative assessment.
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Essentially, the reading materials for the course consist of journal articles, handout materials, press articles and text books. The recommended reading materials are outlined in the slides for each topic. However, students are expected to read widely. They are encouraged to read materials outside the recommended reading list to expound and enrich their understanding of the subject under scrutiny. Thus, the use of a text book should be considered as a useful backup in approaching the materials to be discussed during class.
