CONTEMPORARY ISSUES IN MANAGEMENT ACCOUNTING

SHE Level 5
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code MMN423987
Module Leader Stuart McChlery
School Glasgow School for Business and Society
Subject Finance and Accounting
Trimester
  • A (September 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 and accounting information in decision making, performance evaluation and control. Recent management accounting's developments and the impact they have/likely to have on the role of management accountants.

Syllabus

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

Learning Outcomes

On successful completion of the module, the student will be able to:1. Assess the historical and current development of management accounting. 2. Demonstrate a systematic understanding of management accounting in decision making, performance evaluation and control.3. Critically evaluate current developments in management accounting from a knowledge based that is informed by recent research and practice rather than simply accepting existing theories and concepts.4. Independently research areas of difficulty, contention and controversy, judge the arguments and justify the conclusions.5. Develop an ability to work with the theoretical and research based knowledge in the area of management

Teaching / Learning Strategy

The MSc Accounting and Finance programme is geared towards the development of business skills that encourage responsible leadership, internationalisation and professionalism, aiming to engage 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. 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 V LE 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. The teaching and learning strategy includes 8 hours of practicals to complement the face to face delivery of the module and independent learning through such activities as specialist speakers, site visits related to project management and other academic community activities to enhance the learning experience such as an away-day to develop dissertation topics from within the distinct module areas. The module uses electronic media via GCU Learn including key readings such as scanned material, journal articles, book chapters, digital book chapters, web-links, embedded video clips. Email through GCU Learn is a central communication tool between staff and students.

Indicative Reading

Indicative Reading Drury, C. (2012) Management and Cost Accounting, 8th edition, Cengage Learning, Hampshire Horngren, C, Bhimani, A, Datar, S.M and Foster G (2005), 3rd edition, Prentice Hall, Essex Garrison, R.H, Norven E.W, and Seal, W. (2003) Management Accounting European Edition, McGraw Hill, Berkshire Various prescribed journal articles taken from journals such as: Management Accounting, Management Accounting Research, Journal of Management Accounting Research, Journal of Business Finance and Accounting, Accounting Horizons, Accounting, Organizations and Society.

Transferrable Skills

The main transferable skills developed in this module are: -359 1. Critical thinking skills which are reflected in engagement with the lecture material and the necessary preparation for seminars and assessments. 2. Communication skills which are reflected in the presentations and discussions. 3. Independent working which is reflected in the preparation for seminars. 4. Problem solving which is reflected in preparation for seminars and assessments. 5. Planning, monitoring, reviewing and evaluating own learning and development which is reflected by the structure of the module which is designed to foster the development of these skills. -360

Module Structure

Activity Total Hours
Independent Learning (FT) 126.00
Lectures (FT) 24.00
Assessment (FT) 30.00
Practicals (FT) 8.00
Seminars (FT) 12.00

Assessment Methods

Component Duration Weighting Threshold Description
Exam (Exams Office) 2.00 60.00 45% Written unseen examination
Coursework 1 n/a 40.00 45% Individual Essay 2,000 words