Advanced Management Accounting

The module is concerned with the use of management accounting for management control and advanced numerical techniques in decision-making.

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

1. Analyse and comment on the effect of the application of management accounting systems on business organisations;
2. Apply appropriate analytical methods to accounting problems to provide solutions for management;
3. Collaborate effectively within a group, to develop and present a response to a given problem.
4. Explain how non-financial information supports sustainable business decisions
5. Illustrate the use of ethics in business management and finance decisions

1 Control

Divisional performance appraisal. Transfer pricing. Aspects of modern management practice and accounting issues within different sectors (including social enterprise). Business Plans and management reports..Life-cycle costing.

2 Decision Analysis

An introduction to Activity Based Costing and Activity Based Management. Decisions under uncertainty, including decision trees and the value of information.

3 Strategic Management Accounting Techniques

Value Management: value chain analysis, economic value added. The use of strategic management accounting techniques within an organisation: target costing, linear programming, Learning Curve and Experience Curve and Regression analysis and cost estimation and other forecasting techniques.Performance analysis in NPF organisations and the public sector.

4 Economic goals and performance evaluation of profit, non-profit organisations and public sector organisations

Goals of different types of organisations and their effects on behaviour of organisations; shareholder wealth and its application in decision making. Discussion of aspects in relation to sustainable business decisions and ethical aspects in financial decision making.