CONTEMPORARY ISSUES IN MANAGEMENT ACCOUNTING

SHE Level 5
SCQF Credit Points 15.00
ECTS Credit Points 7.50
Module Code MMN324980
Module Leader Stuart McChlery
School Glasgow School for Business and Society
Subject Finance and Accounting
Trimesters
  • B (January start)
  • A (September start)
  • C (May start)

Pre-Requisite Knowledge

Standard Programme Entry Requirements

Summary of Content

This module aims to examine contemporary issues relating to contemporary issues in management accounting. It aims to develop the knowledge and skills necessary in the use of financial information in the decision making process with an emphasis on the identification and critical analysis of relevant issues. Recent developments and current theories in the field will be reviewed and discussed. Their practical implications are critically analysed and evaluated. Specific topics covered will include: historical perspectives of management accounting, development of modern management accounting practices, use of accounting information in decision making, performance evaluation and control, recent advances in manufacturing technologies and their impact on the role of management accountants in the globalisation and diffusion of management accounting. The aim of this module is to equip students with a set of concepts, analytical and practical tools by examining and introducing emerging topics in management accounting and focussing on conceptual and practice based insights. The module will therefore incorporate both a theoretical and practical understanding of real world issues, from a UK and international perspective. PRME? related principles and the Common Good attributes will be the foundation upon which this module is built. The teaching of this module is based on a dialectic approach to learning. For all topics studied, students will require to demonstrate critical thinking, problem solving skills, whilst exhibiting two way communication and personal effectiveness skills.

Syllabus

8468 Historical developments of management accounting 8468 Planning and Control 8468 Short and long term decision making 8468 Decision making in uncertain environments 8468 Activity based costing 8468 Agency theory 8468 Reward systems and incentives 8468 Impact of advanced manufacturing technologies on management accounting 8468 Recent management accounting innovations and their effect upon the role of management accountants 8468 Global applications of management accounting

Learning Outcomes

On successful completion of this module, the student should be able to:1. Demonstrate a systematic understanding of management accounting in decision making,performance evaluation and control2. Critically evaluate current developments in management accounting from a knowledge basedthat is informed by recent research and practice rather than simply accepting existing theoriesand concepts3. Develop an ability to work with the theoretical and research based knowledge in the area ofmanagement accounting4. Demonstrate the ability to engage effectively in a two way communication by making individualand oral presentations and participating in group discussions, and the analysis of real.world casestudies based on prior learning and reading.

Teaching / Learning Strategy

The MSc Accounting and Finance programme is geared towards the development of business skills that encourage responsible leadership, develop entrepreneurship, build an understanding of the global issues facing managers and focuses on instilling confidence in students through engaging students in analysis, research and discussion of contemporary, real life issues. The teaching and learning strategy aims to embed these attributes. Face to face contact involves three hours of class contact per week: normally 2 lectures and 1 seminar. Lectures will be used to highlight the key issues in a specific topic and point the way towards relevant journal articles and other appropriate literature. Students will be then expected to prepare for following week's lectures on each topic by engaging in literature searches, undertaking relevant reading and preparing responses to discursive and where necessary, computational questions. The lectures will adopt a variety of teaching styles including seminar style contributions such as group discussion to enhance intellectual, critical and analytical skills. For more applied topics, students will be required to attempt relevant problem or scenario based questions prior to the lectures taking place, providing the basis for deepening professional skills, knowledge and understanding. Module classes are conducted in workshop format providing a mix of tutor led, student led and group learning. Formative assessment will involve asking students to provide short sentence summaries of journals read and technical aspects explored. Strategic questioning will also be used develop more in-depth thinking from the students. Feedback will be provided to improve student learning, based on the nature of their understanding and identified difficulties they are having. Extensive use is made of VLE to complement and support the face to face and independent learning elements of the module as well as enhancing the student learning experience and engagement. The VLE site used as a repository for resources including key readings such as scanned material, journal articles, book chapters, digital book chapters, web?links, embedded video clips but also for interactive forums such as discussion boards and blogs. In line with GSBS teaching and learning strategy the module will to use GCU Learn as a key tool in creating a blended learning environment. Thiswill complement and support the face to face and independent learning elements of the module as well as enhancing the student learning experience and engagement. In addition, discussion boards, Padlets, Wiki's and blogs are utilised to expand on, and broaden a student's knowledge base out with the classroom. Academic staff and the School's Learning Technologists will continue to work together to develop and operate cutting edge of development of online materials for all modules on GCULearn to ensure student support and information sharing. Practicals will also complement the face to face delivery of the module through such activities as specialist speakers. Distance learning teaching utilises paper?based learning materials with tutor support and web based access to library resources. Feedback on coursework is provided within 3 working weeks of submission In line with In line with GCU's Common Good Attributes, the objective of the module is to educate students in contemporary issues in management accounting so as to produce graduates who can enter the work place with an understanding of PRME principles and the GCU's Common Good ethos embedded in to their thinking. The module is based on real?world learning from a global perspective, considering the impact of management accounting on organisations, and the impact of globalisation on management accounting in a field that is as fast changing as it has ever been. The corporate scandals that plagued well known organisations since the start of the 21st century have forever altered the nature of management accounting which has been hit hard, since management accountants are in charge of the internal financial structure of the organization. Misleading the shareholders almost always requires the cooperation of management accountants. Schemes, like deflating the costs of creating a new product desired by management, overstating stocks, understating managerial salaries, inflating managerial accomplishments and other shady behaviours, have now come under intense scrutiny from the general public, shareholders and the government.

Indicative Reading

Core Reading: Drury, C. (2015) Management and Cost Accounting, 9th edition, Cengage Learning, Hampshire Bhimani, A., (editor) (2006) Contemporary Issues in Management Accounting, Oxford University Press, Horngren, C, Bhimani, A, Datar, S.M and Foster G (2008), Management and Cost Accounting , 4th edition, Prentice Hall, Essex Garrison, R.H, Norven E.W, and Seal, W. (2011) Management Accounting European Edition, 4 th edition, McGraw Hill, Berkshire Additional Reading: 8468 Ax, C. and J. Greeve (2016) "Adoption of management accounting innovations: Organizational culture compatibility and perceived outcomes. Management Accounting Research, 34 (2017), pp. 59 ? 74. 8468 Gudrun Blaldvinsdottir et al (2010) "Issues in the relationship between theory and practice in management accounting" Management Accounting Research 21 (2010). 8468 Josh Bendickson et al (2016) "Agency theory: background and epistemology" Journal of Management History, Vol. 22 Issue:4, pp. 437? 449. 8468 Krister Bredman (2011) " The relevance of theoretical concepts in practice: A study of management accounting concepts in 130 large Swedish companies" Business and Economics Research Journal, Vol. 2, No. 2, pp. 1? 22 8468 Michael Bromwich and Robert W. Scapens "Management Accounting Research: 25 years on" Management Accounting Research, 31 (2016), pp. 1 ? 9. 8468 Trevor Hopper and Binh Bui " Has Management Accounting been critical" Management Accounting Research, 31 (2016), pp 10? 30. 8468 G.Jan van Helden et al "Knowledge creation for practice in public sector management accounting by consultants and academics: Preliminary findings and direction for future research" Management Accounting Research 21 (2010), pp. 83? 94. Ken McPhail and John Ferguson "The past, the present and the future of accounting for human rights" Accounting, Auditing & Accountability Journal, Vol. 29 No. 4, 2016, pp. 526? 541. 8468 Martin Messner "Does industry matter? How industry context shapes management accounting practice" Management Accounting Research, 31 (2016), pp. 103 ? 111. 8468 Will Seal "Managerial discourse and the link between theory and practice: From ROI to value? based management" Management Accounting Research 21 (2010), pp. 95? 109. 8468 Basil P. Tucker and Stefan Schaltegger "Comparing the research? practice gap in management accounting: A view from professional accounting bodies in Australia and Germany" Accounting, Auditing & Accountability Journal, Vol. 29 No. 4, 2016, pp. 362? 400. 8468 Basil P. Tucker and Alan Lowe "Practitioners are from Mars; academics are from Venus?: An investigation of the research? practice gap in management accounting" Auditing & Accountability Journal, Vol. 27 No. 3, 2014, pp. 394? 425. Journals: 8468 Management Accounting, 8468 Management Accounting Research, 8468 Journal of Management Accounting Research, 8468 Journal of Business Finance and Accounting, 8468 Accounting Horizons, 8468 Accounting, Organizations and Society. 8468 Accounting, Auditing, Accountability Journal

Transferrable Skills

By the end of this module students will have gained competence in the following key areas: 8468 Communication skills which are reflected in discussions; 8468 Problem solving which is reflected in preparation for seminars and assessments; 8468 Critical thinking skills reflected in the engagement with the lecture material and the necessary preparation for seminars and assessments 8468 Think creatively about a range of approaches and options for contemporary issues in management accounting, requiring the organisation of thoughts, analysis, synthesis and critical appraisal; 8468 Planning, monitoring, reviewing and evaluating own learning and development ; 8468 Reflective skills.

Module Structure

Activity Total Hours
Independent Learning (FT) 84.00
Assessment (FT) 30.00
Seminars (FT) 12.00
Lectures (FT) 24.00

Assessment Methods

Component Duration Weighting Threshold Description
Essay n/a 40.00 45% Essay 2000 words
Exam (Exams Office) 2.00 60.00 45% A combination of numerical as well as non-numerical conceptual questions