Postgraduate Course: Accounting, Planning and Strategy (CMSE11173)
Course Outline
| School | Business School |
College | College of Arts, Humanities and Social Sciences |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Not available to visiting students |
| SCQF Credits | 15 |
ECTS Credits | 7.5 |
| 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. |
| Course description |
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.
Syllabus
Introduction to costing
Variable and marginal costing:
Standard 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.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | For Business School PG students only, or by special permission of the School. Please contact the course secretary. |
Course Delivery Information
| Not being delivered |
Learning Outcomes
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.
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Reading List
Required:
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 |
Additional Information
| Graduate Attributes and Skills |
Cognitive 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.
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| Keywords | Not entered |
Contacts
| Course organiser | Mr Marian Konstantin Gatzweiler
Tel:
Email: Marian.Gatzweiler@ed.ac.uk |
Course secretary | Mr Jonathan MacBride
Tel: (0131 6)50 9989
Email: Jonathan.MacBride@ed.ac.uk |
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