LAC2003 : Financial Control (Inactive)
- Inactive for Year: 2024/25
- Module Leader(s): Dr Muhammad Tahir
- Owning School: Newcastle University Business School
- Teaching Location: London
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 ABC)
Planning and control systems (including budgeting and beyond budgeting)
Performance management system
Current issues and transfer pricing
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Guided Independent Study | Assessment preparation and completion | 30 | 1:00 | 30:00 | N/A |
| Structured Guided Learning | Lecture materials | 18 | 2:00 | 36:00 | Non-Synchronous Online (2 x delivery) |
| Structured Guided Learning | Academic skills activities | 18 | 1:00 | 18:00 | Non-Synchronous structured guided learning (2 x delivery) |
| Scheduled Learning And Teaching Activities | Small group teaching | 6 | 1:00 | 6:00 | Synchronous Online Timetabled (small group seminars 3 each term) |
| Structured Guided Learning | Structured non-synchronous discussion | 18 | 0:30 | 9:00 | N/A |
| Scheduled Learning And Teaching Activities | Drop-in/surgery | 2 | 1:00 | 2:00 | Synchronous Online Timetabled for whole cohort (pre-assessment clinic, Q&A) |
| Scheduled Learning And Teaching Activities | Drop-in/surgery | 5 | 1:00 | 5:00 | Synchronous, online |
| Guided Independent Study | Independent study | 1 | 93:00 | 93:00 | N/A |
| Scheduled Learning And Teaching Activities | Module talk | 1 | 1:00 | 1:00 | Synchronous Online Timetabled for whole cohort |
| Total | 200:00 |
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 | 120 | 2 | A | 75 | N/A |
Exam Pairings
| Module Code | Module Title | Semester | Comment |
|---|---|---|---|
| Financial Control | 2 | Newcastle parent module |
Other Assessment
| Description | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|
| Case study | 1 | M | 25 | Group work. Min 1000 words max 3000 words, exclude all tables, appendix and notes. |
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 | Seminar questions provided |
| Prob solv exercises | 2 | M | Seminar 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.
The group project tests students on the application of management accounting and control systems by use of an extended problem/short case incorporating features of real-world complexity. Self and peer review will take place after the report, and individuals will receive the group mark adjusted according to self and peer review i.e. their own and their team members’ assessment of each other’s contributions to report. Each team is to keep a log of its meetings, which should be handed in with the report itself. The module leader retains the right to adjust individual marks where it is deemed necessary in the interests of fairness.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- LAC2003's Timetable