Advanced Management Accounting for Decision Making


This module extends the techniques of management accounting in its role in shaping short and long-term decisions, in analysis, planning and control and reporting to management.


The aim of this module is to develop the students' competencies required for the analysis, planning and management of costs surrounding short and long-term planning, control and decision making within an organisation.

Learning Outcomes

By the end of this module the student should be able to:

1.  Appraise the use of management accounting techniques in different organisations.

2.  Apply appropriate management accounting techniques to provide solutions for management.

3.  Develop the skills required to analyse, plan and manage costs in line with an organisations short and long-term strategy.

Indicative Content

1 Managing the costs of creating value

Apply cost management and cost transformation methodology to manage costs and improve profitability. This includes ABM methodology and cost transformation techniques. Compare and contrast quality management methodologies including JIT, QM, Kaizan. Apply value management techniques to manage cost and improve value creation, such as target costing and value chain analysis.

2 Managing and controlling the performance of organisational units

Analyse the performance of responsibility centres and prepare reports, including cost centres, revenue centres, profit centres and investment centres. Discuss various approaches to the performance and control of organisations by discussing budgets and performance evaluation.

3 Capital Investment Decision Making

Apply the data required for decision making such as relevant cash flows and non-financial information. Explain the steps and pertinent issues in the decision making process such as investment decision-making process and Discounting. Apply investment appraisal techniques to evaluate different projects such as payback, ARR, IRR and NPV. Discussing pricing strategies and pricing decisions.



Statement on Teaching, Learning and Assessment

Class contact takes the form of lectures and tutorials. Tutorials will engage students in enquiry based activities developing their ability to undertake analytical problem solving and develop decision-making skills. Assessment Unit 1 takes the form of a group presentation (which accounts for only 10% of the assessment and is intended as more formative than summative) and individual report using a "live" business problem and Assessment Unit 2 is an end of semester exam.

Teaching and Learning Work Loads

Total 200
Lecture 14
Tutorial/Seminar 28
Supervised Practical Activity 0
Unsupervised Practical Activity 0
Assessment 60
Independent 98

Guidance notes

Credit Value – The total value of SCQF credits for the module. 20 credits are the equivalent of 10 ECTS credits. A full-time student should normally register for 60 SCQF credits per semester.


We make every effort to ensure that the information on our website is accurate but it is possible that some changes may occur prior to the academic year of entry. The modules listed in this catalogue are offered subject to availability during academic year 2019/10 , and may be subject to change for future years.