LAC3002 : Management Accounting
- Offered for Year: 2019/20
- Module Leader(s): Dr Ekaete Efretuei
- Owning School: Newcastle University Business School
- Teaching Location: London
|Semester 1 Credit Value:||10|
|Semester 2 Credit Value:||10|
(a) To introduce students to the responsibility accounting and Management control systems in the context of multinational operations.
(b) To introduce students to the strategic intent of organisations and the design of management control systems to deliver that intent.
(c) To introduce students to the research agenda in management accounting and in particular the Accounting and Finance's current research.
Outline Of Syllabus
Outline Of Syllabus
1. The framework of the allocation of decision rights, performance measures and rewards.
2. Responsibility centres and the design of performance measures that attempt to make individual business unit incentives coincide with group incentives.
3. Performance measures.
4. Rewards– the case for incentive based compensation
5. Budgeting for decision-making and decision control, how budgeting resolves some agency problems.
6. Corporate Strategy and the Management Control System: the Balanced Scorecard and EVA
7. Acquisition, Vertical Integration and Segment Reporting
8. The Matrix Organisation and Management Control systems
9. Traditional versus Activity based Costing and customer profitability analysis
10. Cost allocation - Theory & Practice
|Guided Independent Study||Assessment preparation and completion||1||50:00||50:00||N/A|
|Scheduled Learning And Teaching Activities||Lecture||18||2:00||36:00||N/A|
|Guided Independent Study||Directed research and reading||1||62:00||62:00||N/A|
|Scheduled Learning And Teaching Activities||Small group teaching||6||1:00||6:00||N/A|
|Guided Independent Study||Independent study||1||46:00||46:00||N/A|
Teaching Rationale And Relationship
Formal lectures are used to explain the issues, and to introduce concepts and techniques. Large group sessions provide feedback on student-centred learning, by going through worksheets that have been prepared in advance. Students have the opportunity to develop and practice key skills in these sessions. Students are able to judge their progress in the module through feedback in these sessions.
Seminars help improve students' skill development.
The format of resits will be determined by the Board of Examiners
|Module Code||Module Title||Semester||Comment|
|ACC3002||Management Accounting||2||Newcastle parent module|
Assessment Rationale And Relationship
The formal examination test the students intended knowledge and skills outcomes. In particular their ability to frame management accounting problems, solve them and then write up their interpretation of their solutions.