Planning, Budgeting and Control (AC0024)

? Credit Points : 10 ? SCQF Level : 11 ? Acronym : MSE-P-AC0024

The activities undertaken by any organisation are based on the decisions of managers, responding to and influencing developments which are both external and internal to the organisation. A significant proportion of the information which managers use is derived from the management accounting system, which can be viewed as embracing many different types and sources of information flow; external and internal, projections and historical, financial and non-financial.

This course looks at how internal management accounting information is assembled, and used in order to assist managers to make decisions, plan and control activities so that value is created, or at least not destroyed. To manage resources well generally requires an understanding of the relationship between the use of these resources and the cost to the organisation. This relationship is not always clear. By the end of the course students should be aware of the way in which accounting models influence accounting numbers produced, and should be able to select accounting models appropriate to the use intended. They should also be able to critically evaluate the validity of accounting numbers with which they may themselves be presented, or upon which they may be evaluated.

Entry Requirements

? This course is not available to visting students.

? Pre-requisites : PGs Only

Subject Areas

Home subject area

Accounting, (Management School and Economics, Schedule H)

Delivery Information

? Normal year taken : Postgraduate

? Delivery Period : Semester 2 (Blocks 3-4)

? Contact Teaching Time : 2 hour(s) 30 minutes per week for 9 weeks

Summary of Intended Learning Outcomes

After completing the course the student will be able to:

Have an understanding of some of the recent developments in management accounting, and of their contribution to the management process; be aware of different approaches to routine accounting procedures such as budgeting; Through the use of the case study, be able to demonstrate how accounting information and non accounting information can be integrated.