LAC3002 : Management Accounting (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 introduce students to the responsibility accounting and Management control systems in the context of multinational operations.
(b) To introduce students to the strategic intent of organisations and the design of management control systems to deliver that intent.
(c) To introduce students to the research agenda in management accounting and in particular the Accounting and Finance's current research.
Outline Of Syllabus
Outline Of Syllabus
1. The framework of the allocation of decision rights, performance measures and rewards.
2. Responsibility centres and the design of performance measures that attempt to make individual business unit incentives coincide with group incentives.
3. Performance measures.
4. Rewards– the case for incentive based compensation
5. Budgeting for decision-making and decision control, how budgeting resolves some agency problems.
6. Corporate Strategy and the Management Control System: the Balanced Scorecard and EVA
7. Acquisition, Vertical Integration and Segment Reporting
8. The Matrix Organisation and Management Control systems
9. Traditional versus Activity based Costing and customer profitability analysis
10. Cost allocation - Theory & Practice
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Structured Guided Learning | Lecture materials | 6 | 1:00 | 6:00 | Pre-recorded Lecture |
| Guided Independent Study | Assessment preparation and completion | 1 | 60:00 | 60:00 | Time for formative and summative assessment |
| Scheduled Learning And Teaching Activities | Lecture | 18 | 1:00 | 18:00 | PiP Lectures |
| Guided Independent Study | Directed research and reading | 1 | 66:00 | 66:00 | N/A |
| 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 | 38:00 | 38:00 | N/A |
| Scheduled Learning And Teaching Activities | Scheduled on-line contact time | 4 | 1:00 | 4:00 | N/A |
| Total | 200:00 |
Teaching Rationale And Relationship
lecture materials are used to explain the issues, and to introduce concepts and techniques. Small group teaching help improve students' skill development and offers feedback on student-centred learning, by going through worksheets that have been prepared in advance. Students have the opportunity to develop and practice key skills in these sessions. Students are able to judge their progress in the module through feedback in these sessions.
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 |
Exam Pairings
| Module Code | Module Title | Semester | Comment |
|---|---|---|---|
| Management Accounting | 2 | Newcastle parent module |
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 |
| Prob solv exercises | 2 | M | Practice Questions |
Assessment Rationale And Relationship
Written examination is required to match professional recognition requirements. The formal examination test the students intended knowledge and skills outcomes. In particular their ability to frame management accounting problems, solve them and then write up their interpretation of their solutions.
In the case of an alternative semester 2 assessment(worth 100% of the overall module mark) being necessary due to circumstances, the module leader will in the first instance consult with the DPD as to the requirements of the professional accrediting body to discuss possible acceptable alternatives. In 2020/21 this alternative was a 24 hour take home exam delivered online, and it is envisioned that if circumstances do not allow a present-in-person timed exam at the end of semester 2, and the professional body agrees, than this may well be an example of the type of alternative assessment which could be put in place.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- LAC3002's Timetable