ACC2003 : Financial Control
ACC2003 : Financial Control
- Offered for Year: 2024/25
- Module Leader(s): Dr Doris Xin
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
| Semester 1 Credit Value: | 10 |
| Semester 2 Credit Value: | 10 |
| ECTS Credits: | 10.0 |
| European Credit Transfer System | |
Pre-requisite
Modules you must have done previously to study this module
| Code | Title |
|---|---|
| ACC1010 | Introduction to Financial Accounting |
| ACC1011 | Introduction to Management Accounting and Finance |
Pre Requisite Comment
N/A
Co-Requisite
Modules you need to take at the same time
Co Requisite Comment
Non
Aims
(a) To provide a framework of the methods and techniques of management accounting and control.
(b) To provide a framework for an understanding of the design and operation of management accounting and control systems by considering conceptual and practical issues involved.
Outline Of Syllabus
The module is delivered by means of a series of lectures and seminars.
It covers:
Research methodologies of management accounting
Costing (including Traditional Absorption Costing, Marginal Costing, ABC Costing)
Planning and control systems (including budgeting and beyond budgeting)
Performance management system (Relevant cost for decision making, performance assessment indicators)
Current issues and transfer pricing
Target costing and life cycle costing
standard costing and variance analysis
Learning Outcomes
Intended Knowledge Outcomes
By the end of the module students will be able to :
- Demonstrate an understanding of the issues involved in designing and operating management accounting and control systems that require to serve diverse purposes.
- Examine current research issues in management accounting.
Intended Skill Outcomes
By the end of the module students will be able to:
- Manipulate data into relevant management accounting and control information for planning, decision-making and control
- Interpret management accounting and control information
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Scheduled Learning And Teaching Activities | Lecture | 26 | 1:00 | 26:00 | PiP lectures |
| Structured Guided Learning | Lecture materials | 6 | 1:00 | 6:00 | Pre-recorded lecture materials |
| Guided Independent Study | Assessment preparation and completion | 1 | 60:00 | 60:00 | Time for students to complete formative and summative coursework & assessments |
| Guided Independent Study | Directed research and reading | 1 | 66:00 | 66:00 | Estimated based on 3 hours per teaching week (not necessarily to do in that week) |
| Scheduled Learning And Teaching Activities | Small group teaching | 6 | 1:00 | 6:00 | PiP seminars |
| Structured Guided Learning | Structured non-synchronous discussion | 4 | 0:30 | 2:00 | 2 per semester |
| Guided Independent Study | Independent study | 1 | 33:00 | 33:00 | Balance to equal 200 overall |
| Scheduled Learning And Teaching Activities | Scheduled on-line contact time | 1 | 1:00 | 1:00 | online contact time |
| Total | 200:00 |
Teaching Rationale And Relationship
Lectures materials are used to explain relevant issues and to introduce appropriate concepts and techniques. Seminars are used to enable students to apply and develop skills in an interactive environment.
Reading Lists
Assessment Methods
The format of resits will be determined by the Board of Examiners
Exams
| Description | Length | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|---|
| Written Examination | 120 | 2 | A | 75 | N/A |
Other Assessment
| Description | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|
| Case study | 1 | M | 25 | Group work. Min 1000 words max 3000 words, exclude all tables, appendix and notes. |
Formative Assessments
Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.
| Description | Semester | When Set | Comment |
|---|---|---|---|
| Prob solv exercises | 1 | M | Practice questions provided |
| Prob solv exercises | 2 | M | Practice questions provided |
Assessment Rationale And Relationship
The formal examination tests students' intended knowledge and skills outcomes, in particular the framing of data into relevant management accounting and control information and the use and interpretation of this information. The assessment scheme examines students on set problems of management accounting and control systems as applied to planning, decision-making and control.
The group project tests students on the application of management accounting and control systems by use of an extended problem/short case incorporating features of real-world complexity. Self and peer review will take place after the report, and individuals will receive the group mark adjusted according to self and peer review i.e. their own and their team members’ assessment of each other’s contributions to report. Each team is to keep a log of its meetings, which should be handed in with the report itself. The module leader retains the right to adjust individual marks where it is deemed necessary in the interests of fairness.
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- ACC2003's Timetable
Past Exam Papers
- Exam Papers Online : www.ncl.ac.uk/exam.papers/
- ACC2003's past Exam Papers
General Notes
Original Handbook text:
ESSENTIAL TEXTBOOK
Management and Cost Accounting (7th edition)
- by Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, Madhav Rajan
.
Management and Cost Accounting (11th edition)
- by Colin Drury
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Disclaimer
The information contained within the Module Catalogue relates to the 2024 academic year.
In accordance with University Terms and Conditions, the University makes all reasonable efforts to deliver the modules as described.
Modules may be amended on an annual basis to take account of changing staff expertise, developments in the discipline, the requirements of external bodies and partners, and student feedback. Module information for the 2025/26 entry will be published here in early-April 2025. Queries about information in the Module Catalogue should in the first instance be addressed to your School Office.