Advanced Management Accounting

Cod y Modiwl: AB31200
Teitl y Modiwl: Advanced Management Accounting
Blwyddyn Academaidd: 2027/2028
Semester: Semester 1 Dysgwyd dros 2 semester
Cyd-gysylltydd y Modiwl: Mrs Emma Davies
Rhestr Ddarllen: Gweld ar Aspire
Rhagofynion: AB21220
Staff Eraill sy'n Cyfrannu: Dr Sarah Lindop; Ms Megan Williams; Professor Homagni Choudhury

Dulliau Asesu

Math o Asesiad	Manylion Asesiad	Cyfran
Arholiad Semester	Seen Exam / Test: 2 Awr Topic known to student before the exam.	40%
Arholiad Semester	Exam: 3 Awr	60%
Arholiad Ailsefyll	Seen exam / test: 2 Awr Topic known to student before entering the exam hall	40%
Arholiad Ailsefyll	Supplementary Exam: 3 Awr	60%

Canlyniadau Dysgu

Wedi cwblhau'r modiwl dylai'r myfyrwyr fedru:

1. Review various roles of management accounting in social and organisational context.
2. Discuss various approaches to cost management in an operational context (including target costing, activity based management, business process re-engineering, total quality management and just-in-time methods) and evaluate their impact on accounting.
3. Examine the elements of strategic management accounting and discuss the different contributions that have been made to its development.
4. Explain and evaluate the various budgetary control systems and their use in practice, and advanced standard costing and variance analysis.
5. Explain, apply and evaluate the various divisional performance measures and their use in practice.
6. Explain the need for transfer pricing, and explain, apply and evaluate the various methods used for setting of transfer prices.

Disgrifiad cryno

This module explores, through literature review, theoretical issues and practical developments which impinge on management accounting practice, including the role of management accounting, cost management, budgeting, evaluating and managing performance and strategic management accounting. The module focuses on further developing management accounting decision making skills, with emphasis on uncertainty, and the evaluation of competitive advantage. The module examines the role of management accounting in strategic planning and control, and its linkage to strategic management, budgetary control systems, and various performance management and measurement frameworks.

Cynnwys

ACCOUNTING FOR MANAGEMENT CONTROL

Budgetary systems and behavioral aspects of budgeting

Quantitative analysis in budgeting – cost estimation techniques and learning curves

Standard costing and advanced variance analysis (measuring mix, yield effects) and interpretation of variances.

RECENT DEVELOPMENTS AND EMERGING ISSUES IN MANAGEMENT ACCOUNTING PRACTICE

Activity Based Costing – application and critique

Budgeting in social and organizational context

Cost management issues and practice

Strategic management accounting

PERFORMANCE MANAGEMENT AND MEASUREMENT

Measuring divisional performance

Transfer pricing and divisional evaluation

Contemporary performance management and measurement frameworks – Balanced Score card, Value based management

Performance management in not-for-profit organizations

OTHER MANAGEMENT ACCOUNTING ISSUES

Forecasting techniques – linear programming

Cost estimation and cost planning

Dealing with risk and uncertainty in decision making – expected values and decision trees

Environmental management accounting

Sgiliau Modiwl

Math o Sgiliau	Manylion Sgiliau
Cyfathrebu	Develop confidence in and clarity of oral communication via example class/tutorial participation. Develop clarity and focus of written communication via development of answers to tutorial questions. Develop and use appropriate subject-specific vocabulary in oral and written communication.
Datblygu personol a chynllunio gyrfa	Develop skills in management costing and decision makin which are essential to the aspiting management accountant. Identify a variety of potential career routes within the accounting professional services sector.
Datrys Problemau	Identify the precise problem to be solved. Assess which data are pertinent to the problem. Recognize that alternative solution methods might be available. Select and apply appropriate methods for solving the problem.. Assess the reasonableness of problem solutions and interpret those solutions.
Gwaith Tim	Develop experience of team work and develop team working skills via small group working on tutorial preparation..
Gwella dysgu a pherfformiad ei hun	Identify and distil the key issues covered by lectures and tutorials. Identify and use a range of learning resources. Investigate benefits of small group working on tutorial preparation. Structure study to accommodate intensive learning.
Rhifedd	Develop an easy familiarity with numerical data sources and numerical data. Apply numerical data to problem solving with care and accuracy. Assess the reasonableness of and interpret numerical solutions. Support assertions/arguments with appropriately developed and presented numerical data. Calculate and use descriptive statistics.
Sgiliau pwnc penodol	Develop competence in understanding and appropriately applying modern management accounting techniques in practice. Understand, analyze, interpret and synthesize between financial accounting, management accounting and market-based financial information. Make well-based financial recommendations and decisions. Bring financial analysis and decision making skills to the service of the business – in strategizing, marketing, operating, etc.
Sgiliau ymchwil	Develop basic information accessing and reaching skills. Properly reference/attribute information sources. Select the most pertinent information for retrieval. Retrieve information. Re-assess the pertinence and assess the credibility of retrieved information.
Technoleg Gwybodaeth	Use a variety of electronic web- and library-based resources to review available information and retrieve pertinent information. Use software (Excel) to complete elements of the tutorial questions (e.g., spreadsheets for ease of tabulated numerical calculations, production of summary statistics, production of graphs, etc.)

Nodau

Mae'r modiwl hwn yn cydymffurfio a FfCChC Lefel 6