Postgraduate Course: Accounting, Planning and Strategy (CMSE11173)
||College||College of Humanities and Social Science
|Credit level (Normal year taken)||SCQF Level 11 (Postgraduate)
||Availability||Not available to visiting students
|Summary||This course is focussed on teaching concepts, techniques and practices in the principal discipline within the Financial Control function, that of Management Accounting. In the management of a business within a competitive environment Management Accounting fulfils a highly significant strategic role and so this course is designed to teach the principles of management accounting within the strategic context.
The course objectives are:
* To introduce students to key academic and professional concepts and methods relating to Management Accounting which a company finance executive would be expected to know and understand.
* To understand the strategic context that forms the business boundary within, and both its constraints and opportunities.
* To link management accounting to strategy and the strategising process.
Introduction to costing
Variable and marginal costing:
Issues in divisional performance reporting
Strategy I: The strategic environment Strategy II: Strategy analysis techniques
Cash flow forecasting
Budgeting: creating and using budgets
Strategic Management Accounting Techniques (I): Activity Based Costing,
Strategic Management Accounting Techniques (II): Balanced Scorecard
Strategic Management Accounting Techniques (III): Customer profitability, Competitor Analysis
Student Learning Experience
The course will be based on lectures and case study discussions.
Entry Requirements (not applicable to Visiting Students)
||Other requirements|| For Business School PG students only, or by special permission of the School. Please contact the course secretary.
Course Delivery Information
|Academic year 2018/19, Available to all students (SV1)
|Learning and Teaching activities (Further Info)
Lecture Hours 20,
Summative Assessment Hours 2,
Programme Level Learning and Teaching Hours 3,
Directed Learning and Independent Learning Hours
|Assessment (Further Info)
|Additional Information (Assessment)
Group Assignment 25%
Individual Class Participation 10%
||Provision of formative feedback:
All students will be given at least one formative feedback or feedforward event for every course they undertake, provided during the semester in which the course is taken and in time to be useful in the completion of summative work on the course. Such feedback may be at course or programme level, but must include input of relevance to each course in the latter case.
Feedback on formative assessed work will be provided within 15 working days of submission, or in time to be of use in subsequent assessments within the course, whichever is sooner. Summative marks will be returned on a published timetable, which has been made clear to students at the start of the academic year.
Students will gain feedback on their understanding of the material when they discuss their answers to the tutorial questions in the tutorials. Students may also ask questions in Lectures to assess their knowledge.
||Hours & Minutes
|Main Exam Diet S2 (April/May)||2:00|
On completion of this course, the student will be able to:
- Explain and discuss critically the strategic context of management accounting and current strategic management accounting techniques
- Construct a cash flow forecast and a budget
- Calculate, explain and discuss critically standard cost variances contribution and break-even-point
- Explain and discuss critically the risk and return profile of differing cost structures
- Discuss critically how manager behaviour can be influenced by performance based incentives and the measurement issues that arise.
Horngren, C.T., Datar, S., Foster, G. (2015), Cost Accounting: A Managerial Emphasis, 15th global edition. Prentice Hall.
Advised Preparatory Work:
Revise basic concepts of Management Accounting
e.g. Weetman, P. (2010) Management Accounting (2nd edition) Pearson
|Graduate Attributes and Skills
After completing this course, students should be able to apply technical knowledge in problem solving.
Subject Specific Skills:
After completing this course, students should be able to carry out the practical exercises listed under Knowledge and Understanding.
|Course organiser||Mr Marian Konstantin Gatzweiler
|Course secretary||Mr Jonathan MacBride
Tel: (0131 6)51 3028