Idea Transcript
Newcastle University
Module Catalogue 2018/19
Module Catalogue 2018/19
NBS8233 : Managerial Decision Making and Control Offered for Year: 2018/19 Module Leader(s): Dr Lana Liu Other Staff: Mrs Cindy Chen, Dr Neveen Abdelrehim, Ms Ana Noveria Owning School: Newcastle University Business School Teaching Location: Newcastle City Campus Semesters
Semester 1 Credit Value:
10
Semester 2 Credit Value:
10
ECTS Credits:
10.0
Pre Requisites Pre Requisite Comment
N/A Co Requisites
Code
Title
NBS8224
Performance and Decision Management
Co Requisite Comment
N/A Aims * To provide a sound understanding of the expanding role of management accounting in the changing global environment. * To deepen understanding of the use of management accounting techniques in decision making. * To explore the use of advanced cost-planning and control analysis in enhancing corporate competitive advantage. * To broaden the understanding of current developments in management accounting practice with links to business models of corporate strategy. * To explore current issues in contemporary management accounting research. This module focuses on the advanced use of management accounting techniques for strategic and operational management purposes. It is suitable for postgraduate students who need an enhanced understanding of contemporary applications of accounting techniques in managing businesses in both public and private sectors. Outline Of Syllabus SEMESTER 1 1 The focus is on the evolving roles of management accounting information in the changing competitive environment. The design, development and implementation of management accounting information systems are then explained. 2 The basic element of a cost and management accounting system is a cost database, so that relevant cost information can be extracted to meet planning, decision making and control needs. Hence the types of cost are clarified with examples of relevant costs and revenues for decision-making. 3 & 4 The use of Activity-based Costing (ABC) information for decision making involves the analysis of pricing decisions and customer profitability. 5 & 6 One of the key issues in accounting systems is cost allocation. These two lectures introduce a general framework for analysing cost allocations in different organisational settings and discuss various methods used by various functional departments. 7 This lecture involves evaluation of various budgeting methods used in public and private sectors (i.e. incremental budgeting, line-item budgeting, PPBS, ZBB, Priority-based budgeting and ABB). 8 & 9 Further examination of the role of budgeting within the planning process in different sectors is undertaken. Also introduced is the latest development in budgeting (i.e. Activity-Based budgeting) and its practical implementation issues. 9 & 10 The design, development and implementation of management information systems are determined by information users, organisational objectives and needs at various organisational levels. Various issues arise – objectives, needs and the conflicts between information for planning and control. 11 An introduction of control within the framework for organisational change. 12 Further evaluations on management control system and issues arisen in performance appraisal and evaluations. SEMESTER 2 13 &14 The two lectures examine the difficulties that arise from using standard costing when some advanced costing measures (e.g. ABC) are implemented, and look at some suggestions for overcoming them. 15 & 16 The issues of transfer pricing are examined within the context of divisionalised international companies. 17 & 18 Further talks on resolving transfer pricing conflicts. 19 Strategic management accounting consists of performance and cost management, both of which will be introduced in the next few sessions. 20 Strategic performance management looks at how to establish competitive strategies with the balanced scorecard approach and explains how the balanced scorecard links strategy formulation to financial outcomes. 21 & 22 The concept of strategic cost management is introduced with an aim to provide a competitive advantage. Learning Outcomes Intended Knowledge Outcomes
At the end of this module students should be able to: * apply suitable advanced management accounting techniques in achieving competitive advantages in public and private sectors. * make a critical evaluation of contemporary research on the implementation of management accounting change. Intended Skill Outcomes
At the end of this module students should be able to: • utilise different management accounting techniques for planning, decision making and strategic control purposes • critically appraise real-world problems within a team working setting. Graduate Skills Framework Graduate Skills Framework Applicable:
Yes
Cognitive/Intellectual Skills Critical Thinking : Present Active Learning : Assessed Numeracy : Assessed Literacy : Assessed Information Literacy Source Materials : Assessed Synthesise And Present Materials : Assessed Use Of Computer Applications : Present Self Management Planning and Organisation Decision Making : Assessed Personal Enterprise Initiative : Present Independence : Present Problem Solving : Assessed Adaptability : Present Budgeting : Assessed Interaction Communication Oral : Present Interpersonal : Present Written Other : Assessed Team Working Collaboration : Present Application Occupational Awareness : Present Commercial Acumen Market Awareness : Present Governance Awareness : Present Financial Awareness : Assessed Business Planning : Assessed Social Cultural Global Awareness : Assessed Teaching Methods Teaching Activities
Category
Activity
Number
Length
Student Hours
Scheduled Learning And Teaching Activities
Lecture
16
3:00
48:00
N/A
Guided Independent Study
Assessment preparation and completion
1
48:00
48:00
N/A
Guided Independent Study
Directed research and reading
1
50:00
50:00
N/A
Scheduled Learning And Teaching Activities
Small group teaching
4
1:00
4:00
N/A
Guided Independent Study
Independent study
1
50:00
50:00
N/A
Total
Comment
200:00
Teaching Rationale And Relationship
Lectures and seminars will allow students to develop in-depth understanding of the subject and facilitate deep learning. Reading Lists NBS8233's Reading List (http://library.ncl.ac.uk/go/readinglists/NBS8233) Assessment Methods The format of resits will be determined by the Board of Examiners Exams
Description
Length
Semester
180
2
Written Examination
When Set
Percentage
A
80
Comment N/A
Other Assessment
Description
Semester
Report
2
When Set M
Percentage 20
Comment Group project work
Assessment Rationale And Relationship
The formal examination tests students’ knowledge and skills outcomes in management accounting, focusing on the preparation, interpretation and application of relevant information. Questions will either be essay-based or numerical-based, or a mixture of the two. They will be based on lectures, seminars sessions as well as the directed reading. The group project tests students’ critical understanding of management accounting knowledge and application of management accounting techniques by use of an problem/case simulates of real-world complexity Timetable Timetable Website: www.ncl.ac.uk/timetable/ (http://www.ncl.ac.uk/timetable/) NBS8233's Timetable (https://crypt.ncl.ac.uk/controlpanels/timetable/students/search.php?modules=NBS8233) Past Exam Papers Exam Papers Online : www.ncl.ac.uk/exam.papers/ (http://www.ncl.ac.uk/exam.papers/) NBS8233's past Exam Papers (https://crypt.ncl.ac.uk/exam.papers/search.php?module_code=NBS8233) General Notes N/A
Disclaimer: The information contained within the Module Catalogue relates to the 2018/19 academic year. In accordance with University Terms and Conditions, the University makes all reasonable efforts to deliver the modules as described. Modules may be amended on an annual basis to take account of changing staff expertise, developments in the discipline, the requirements of external bodies and partners, and student feedback. Module information for the 2018/19 entry will be published here in early-April 2018. Queries about information in the Module Catalogue should in the first instance be addressed to your School Office.
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