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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

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


(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

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Structured Guided LearningLecture materials61:006:00Pre-recorded lecture materials
Guided Independent StudyAssessment preparation and completion160:0060:00Time for students to complete formative and summative coursework & assessments
Scheduled Learning And Teaching ActivitiesLecture261:0026:00PiP lectures
Guided Independent StudyDirected research and reading166:0066:00Estimated based on 3 hours per teaching week (not necessarily to do in that week)
Scheduled Learning And Teaching ActivitiesSmall group teaching61:006:00PiP seminars
Structured Guided LearningStructured non-synchronous discussion40:302:002 per semester
Guided Independent StudyIndependent study133:0033:00Balance to equal 200 overall
Scheduled Learning And Teaching ActivitiesScheduled on-line contact time11:001:00online contact time
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.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Description Length Semester When Set Percentage Comment
Written Examination1202A75N/A
Other Assessment
Description Semester When Set Percentage Comment
Case study1M25Group 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 exercises1MPractice questions provided
Prob solv exercises2MPractice 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.

Reading Lists