Advanced Management Accounting

Module description

Summary:

This module introduces students to contemporary and advanced developments in management accounting and organisational control, covering relevant practices, leading research and relevant theory.

Additional information:

Internationalisation

The whole theme of management accounting and organisational control is intertwined with global practices that are used (and sometimes changed) by organisations on an international scale. Management accounting is a global phenomena that impacts organisations far and wide, and which is overseen by international professional bodies.

Sustainability

Management accounting is very much at the core of sustainable development within organisations, and increasingly management accountants are becoming involved at the front-end of such practices. The interrelationship between management accounting and sustainable development will feature at several junctures in the module programme.

Employability

Students taking this module will equip themselves with a raft of (transferable) skills in the realm of management and accounting – e.g., group presentation skills, discussion and questioning, and knowledge of contemporary developments in the field.

Research in Teaching

This module places a significant emphasis on contemporary developments in management accounting research, and is taught by two scholars who actively contribute to such developments

Full module specification

Module title:Advanced Management Accounting
Module code:BEAM025
Module level:M
Academic year:2016/7
Module lecturers:
  • Professor Kim Soin - Convenor
Module credit:15
ECTS value:

7.5

Pre-requisites:

None

Co-requisites:

None

Duration of module: Duration (weeks) - term 2:

11

Module aims

The module aims to introduce students to (the evolving nature and roles of) contemporary management accounting practices, as well as changes in the roles of management accountants. It thus builds on, but both supplements and complements, more technical management accounting knowledge that some students will have gained in previous studies. The latest research in management accounting will be covered, including the latest empirical evidence (mostly case studies) and theory. Throughout the module, students will be encouraged to be inquisitive and critical of contemporary developments, and also to conjecture towards potential future developments as the management accounting profession responds to yet further (external and intra-organisational) pressures for change. This module is a sensible choice for those students who wish to engage in a management accounting career; but given its interface with management is also a useful module for those students who wish to pursue careers in all kinds of business management or consultancy.  

ILO: Module-specific skills

  • 1. describe, compare, contrast, and critically evaluate various key aspects of contemporary management accounting
  • 2. evaluate alternative (e.g., economic, social, cultural and political) contexts within which management accounting operates, and the common drivers of change in such practice,
  • 3. evaluate and analyse various contemporary management accounting techniques, and their interface with other organisational systems and techniques,
  • 4. evaluate and explain traditional and more modern ‘consultative’ roles for management accountants,
  • 5. critically evaluate and challenge theoretical perspectives on various dimensions of the subject area
  • 6. discuss and critically evaluate extant academic research relating to key themes in contemporary management accounting practice

ILO: Discipline-specific skills

  • 7. link (yet also compare in a critical way) both research-oriented and practice-oriented viewpoints and perspectives of contemporary management accounting practice
  • 8. discuss and articulate different perspectives on contemporary management accounting issues
  • 9. explain and, where necessary, rationalise such different perspectives (above) theoretical-based arguments

ILO: Personal and key skills

  • 10. demonstrate team skills in presenting (and debating) multiple management accounting-related topics
  • 11. research and write ‘Executive’ reports to address a set business problem, in a group-based approach
  • 12. work independently as well as in groups, including time management and developing effective and efficient study techniques, and the use of library resources

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
301200

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Contact hours22Lectures
Contact hours8Workshop classes

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Introductory workshop for discussion around preparation for group presentations and group Executive ReportIn class1-12In class
Module-specific extended office hours, in weeks 3 and 5 – students can discuss their group presentation and executive reportBy appointment: Details to follow1-12In meetings

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
08020

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Written Examination8090 minutes1-9Formal (departmental/ University) channels
Group presentation and Group Executive Report20Students present (in groups) at least once. Presentation: 10 minutes Discussion: 5 minutes Group Executive Report 1000 words max.1-12Feedback sheets

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Written examinationExam (100%) 90 minutes1-9August/September

Syllabus plan

  • Introduction to the course
  • Management accounting and its changing contexts
  • Implementing and theorising management accounting change
  • The changing role of management accountants
  • Images of accounting
  • Advanced management accounting: Performance Measurement and the Balanced Scorecard
  • Management Accounting in Banks
  • Guest lecture on MA and Sustainability by Dr Stephen Jollands (Exeter Business School)
  • Risk Management
  • Management Accounting and Popular Culture
  • Guest Lecture TBC
  • Guest Lecture TBC
  • Overview of the module and guidance for revision

Indicative learning resources - Basic reading

Primary reading source:

Your recommended textbook for this module, to which there will be numerous references in lectures, is:

Burns, J., Quinn, M., Warren, L. and Oliveira, J., Management Accounting, 1st edition, McGraw-Hill Publishers, ISBN 13 9780077121617 

Other readings:

The majority of additional readings will be academic journal articles – where possible, there are direct links to these articles via the module reading list which is located on the ele site.

Module has an active ELE page?

Yes

Indicative learning resources - Web based and electronic resources

Use websites for Management Accounting:

Key web-sites which you are encouraged to visit regularly (especially their downloadable articles and publications pages) include:

  •  The Chartered Institute of Management Accountants (CIMA) (www.cimaglobal.com/main/resources/knowledge )  . Downloadable material includes: executive summaries; guides by CIMA’s Technical Services; presentations, speeches and forums; and, technical briefings [Look, for example, under their “Thought Leadership” web page section]
  • The Institute of Management Accountants (IMA) (www.imanet.org ). See “publications”
  • International Federation of Accountants (IFAC) (www.ifac.org/ ). See “articles and speeches library” and the pages for “financial and management accounting committee” which have numerous down-loadable publications
  • Institute of Chartered Accountants in England and Wales (ICAEW) (www.icaew.co.uk ). See “library”

Also, you might routinely check out the reports and publications offered on professional accounting firms’ and consultants’ web pages, including:

Indicative learning resources - Other resources

Useful (Specialist) Journals for Management Accounting (see library):

  •  Management Accounting Research (Academic Journal of the Chartered Institute of Management Accountants, UK)
  • Financial Management (Professional journal of the Chartered Institute of Management Accountants, UK)
  • Journal of Management Accounting Research (Academic Journal of the Institute of Management Accountants, USA)
  • Strategic Finance (Monthly Professional Journal of the Institute of Management Accountants, USA)
  • Management Accounting Quarterly (Quarterly Professional Journal of the Institute of Management Accountants, USA)

Other (non-specialist) academic journals which often include management accounting articles which are suitable for this module:

  • Accounting, Organizations, & Society
  • Accounting, Auditing & Accountability Journal
  • Journal of Accounting & Organisational Change
  • Qualitative Research in Accounting & Management
  • British Accounting Review
  • Critical Perspectives in Accounting

YOU ARE ENCOURAGED TO READ AS MUCH AS POSSIBLE FOR THIS MODULE, SUPPLEMENTING AND REINFORCING WHAT YOU LEARN IN CONTACT HOURS

Origin date

01/09/2006

Last revision date

08/01/2016