Postgraduate Course: Management Control for Risk and Uncertainty (ACCN11003)
Course Outline
| School | Business School |
College | College of Humanities and Social Science |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Not available to visiting students |
| SCQF Credits | 15 |
ECTS Credits | 7.5 |
| Summary | Too often accounting is seen as a mere tool which delivers neutral calculations. This is never the case, especially in situations where the link between information and decision making is difficult to establish. The course draws on this assumption to equip participants with a critical understanding of the functioning and use of financial data and metrics in real business situations. It will enable students to acquire and articulate new forms of designing management control systems which enable managers to cope with organizational complexities. |
| Course description |
Not entered
|
Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
|
Co-requisites | |
| Prohibited Combinations | |
Other requirements | For Business School PG students only, or by special permission of the School. Please contact the course secretary. |
| Additional Costs | None |
Course Delivery Information
|
| Academic year 2014/15, Not available to visiting students (SS1)
|
Quota: None |
| Course Start |
Semester 2 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
150
(
Lecture Hours 16,
Seminar/Tutorial Hours 9,
Programme Level Learning and Teaching Hours 3,
Directed Learning and Independent Learning Hours
122 )
|
| Assessment (Further Info) |
Written Exam
65 %,
Coursework
35 %,
Practical Exam
0 %
|
| Additional Information (Assessment) |
Class Participation 10%
Group Assignment 25%
Degree Examination 65% |
| Feedback |
Not entered |
| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
|
| Main Exam Diet S2 (April/May) | Management Control for Risk and Uncertainty | 2:00 | |
Learning Outcomes
At the end of the course, participants are expected to:
Understand the use in practice and limitations of basic financial techniques to assess the viability of major programmes;
Critically apply evaluation techniques to value large investments in infrastructure and be aware of the limitation of such techniques;
Link various degree of risk to different financing options and understand how financial metrics may distort our perception of risk and feasibility;
Design financial metrics to monitor the performance of the programme;
Utilise performance measurement and control techniques to mobilise change, increase chances of programme's success and avoid failure;
Be aware of the organisational, political and social role that accounting figures can play in practical settings and in the context of major project management where stakeholders have varied interests.
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Additional Information
| Graduate Attributes and Skills |
Not entered |
| Keywords | fin-MCRU |
Contacts
| Course organiser | Prof Paulo Quattrone
Tel: (0131 6)51 5541
Email: Paolo.Quattrone@ed.ac.uk |
Course secretary | Miss Rachel Allan
Tel: (0131 6)51 3757
Email: Rachel.Allan@ed.ac.uk |
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