ACC2003 : Financial Control
- Offered for Year: 2025/26
- Available to incoming Study Abroad and Exchange students
- Module Leader(s): Dr Doris Xin
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
| Semester 1 Credit Value: | 10 |
| Semester 2 Credit Value: | 10 |
| ECTS Credits: | 10.0 |
| European Credit Transfer System | |
Aims
(a) To provide a framework of the methods and techniques of management accounting and control.
(b) To provide a framework for an understanding of the design and operation of management accounting and control systems by considering conceptual and practical issues involved.
Outline Of Syllabus
The module is delivered by means of a series of lectures and seminars.
It covers:
Research methodologies of management accounting
Costing (including Job costing / process costing and stock valuation, ABC Costing and comparative study with traditional costing)
Performance management system (CVP analysis theoretical frameworks and in multiple products setting, Relevant cost and revenues for decision making, performance assessment indicators)
Current issues and transfer pricing
Target costing and life cycle costing
standard costing and variance analysis
Budgeting (functional budgets, master budgets, static and flexible budgets variances analysis)
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Scheduled Learning And Teaching Activities | Lecture | 26 | 1:00 | 26:00 | PiP lectures |
| Structured Guided Learning | Lecture materials | 6 | 1:00 | 6:00 | Pre-recorded lecture materials |
| Guided Independent Study | Assessment preparation and completion | 1 | 60:00 | 60:00 | Time for students to complete formative and summative coursework & assessments |
| Guided Independent Study | Directed research and reading | 1 | 66:00 | 66:00 | Estimated based on 3 hours per teaching week (not necessarily to do in that week) |
| Scheduled Learning And Teaching Activities | Small group teaching | 6 | 1:00 | 6:00 | PiP seminars |
| Structured Guided Learning | Structured non-synchronous discussion | 4 | 0:30 | 2:00 | 2 per semester |
| Guided Independent Study | Independent study | 1 | 33:00 | 33:00 | Balance to equal 200 overall |
| Scheduled Learning And Teaching Activities | Scheduled on-line contact time | 1 | 1:00 | 1:00 | online contact time |
| Total | 200:00 |
Jointly Taught With
| Code | Title |
|---|---|
| ACC2024 | Management Accounting Systems |
Teaching Rationale And Relationship
Lectures materials are used to explain relevant issues and to introduce appropriate concepts and techniques. Seminars are used to enable students to apply and develop skills in an interactive environment.
Assessment Methods
The format of resits will be determined by the Board of Examiners
Exams
| Description | Length | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|---|
| Written Examination | 180 | 2 | A | 100 | N/A |
Formative Assessments
Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.
| Description | Semester | When Set | Comment |
|---|---|---|---|
| Prob solv exercises | 1 | M | Practice questions provided |
| Prob solv exercises | 2 | M | Practice questions provided |
Assessment Rationale And Relationship
The formal examination tests students' intended knowledge and skills outcomes, in particular the framing of data into relevant management accounting and control information and the use and interpretation of this information. The assessment scheme examines students on set problems of management accounting and control systems as applied to planning, decision-making and control.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- ACC2003's Timetable