BE131-6-AU-CO:
Advanced Management Accounting
2020/21
Essex Business School
Colchester Campus
Autumn
Undergraduate: Level 6
Current
Thursday 08 October 2020
Friday 18 December 2020
15
04 March 2021
Requisites for this module
BE111 and BE113
(none)
(none)
(none)
BE133
BSC N400 Accounting,
BSC N401 Accounting (Including Foundation Year),
BSC N402 Accounting (Including Year Abroad),
BSC N404 Accounting (Including Placement Year),
BSC N420 Accounting and Finance,
BSC N422 Accounting and Finance (Including Placement Year),
BSC NN43 Accounting and Finance (Including Foundation Year),
BSC NNK3 Accounting and Finance (Including Year Abroad),
MACCN440 Accounting and Finance,
MACCN441 Accounting and Finance (Including Placement Year),
MACCN442 Accounting and Finance (Including Year Abroad),
BSC NN24 Accounting and Management,
BSC NN27 Accounting and Management (Including Placement Year),
BSC NN42 Accounting and Management (Including Foundation Year),
BSC NNK2 Accounting and Management (Including Year Abroad),
BSC N4L1 Accounting with Economics (Including Foundation Year),
BSC NKL1 Accounting with Economics (Including Year Abroad),
BSC NL41 Accounting with Economics,
BSC NL44 Accounting with Economics (Including Placement Year),
BA L147 Financial Economics and Accounting (Including Placement Year),
BA L148 Financial Economics and Accounting,
BA L149 Financial Economics and Accounting (Including Year Abroad),
BA LX14 Financial Economics and Accounting (Including Foundation Year)
This module aims to enhance further students' knowledge of management accounting techniques alongside facilitating a critical understanding of the roles that management accounting (and accountants) plays within organisations. It examines a range of issues in relation to cost management, risk/uncertainties, capital budgeting, management control and performance measurement; as well as broader debates surrounding the role of accounting information in shaping (and sustaining) managerial structures and facilitating operational/strategic decision-making within organisations. This module also draws from scholarly research in understanding the way management accounting systems are designed and implemented in various organisational and social contexts.
1. To develop students’ critical understanding of techniques, concepts and ideas that underlie contemporary management accounting practices;
2. To foster students’ capacity for individual and group learning; and
3. To encourage and facilitate critical, analytical thinking concerning the interplays between accounting and management.
On successful completion of the module, students will be able to:
1. technical, analytical and evaluation skills in the application of management accounting techniques for operational/strategic planning and decision-making, with due consideration for the implications of risk and uncertainty;
2. knowledge and critical understanding of management accounting control systems and the importance of behavioural issues in its design and implementation; and
3. knowledge and critical understanding of the contexts within which contemporary management accounting practices emerge and operate.
Skills for Your Professional Life (Transferable Skills)
This module facilitates the development of a range of transferable skills including (but not limited to) the following:
Skills Key Activities
1. Written Communication
Written tasks (i.e., coursework, examination, seminars) emphasizing coherence and clarity of ideas
2. Oral Communication
Classroom interaction and group discussion
3. Research Skills
Researching for, understanding, and synthesizing materials from academic/practitioner literature
4. Critical Thinking
Problem-solving tasks (i.e., lectures/seminars, examination) requiring consideration of various contextual information and issues
5. Technical Fluency
Problem-solving tasks (i.e., lectures/seminars, examination) requiring competent use of relevant accounting techniques
6. Commercial Awareness
Review/discussion of real-life cases and application of management accounting tools and techniques
This module will be delivered via:
a. Ten (10) weekly lectures (plus workshops where appropriate);
b. Five (5) fortnightly classes; and
c. One revision lecture in summer
NB: Attendance at lectures/workshops and classes are compulsory. Advanced preparation (i.e., by undertaking relevant readings and/or attempting assigned problems/exercises) is essential as this will enable you to learn/participate effectively in each session and gain the most from it.
In academic year 2020-2021 the delivery is likely to be different and involve online learning.
- Fadi Alkaraana; Deryl Northcott. (2006) 'Strategic capital investment decision-making: A role for emergent analysis tools?: A study of practice in large UK manufacturing companies', in British Accounting Review. vol. 38 (2) , pp.149-173
- Bill Nixon, John Burns. (2012) 'The paradox of strategic management accounting', in Management Accounting Research. vol. 23 (4) , pp.229-244
- Teemu Malmi; David A. Brown. (2008) 'Management control systems as a package - Opportunities, challenges and research directions', in Management Accounting Research. vol. 19 (4) , pp.287-300
- Tayles, Mike; Drury, Colin. (2020-12-10) Management and Cost Accounting, London: Cengage Learning EMEA.
- N. Taleb, D. Goldstein, M. Spitznagel. (2009) 'The six mistakes executives make in risk management', in Harvard Business Review.. vol. 87 (10) , pp.78-81
- Robert S. Kaplan, Anette Mikes, Robert Simons, Peter Tufano, Michael Hofmann. (2009) 'Managing risk in the new world', in Harvard Business Review.. vol. 87 (10) , pp.68-75
- A. Hansen; J. Mouritsen. (2007) 'Management accounting and changing operations management', in Issues in management accounting, Harlow: Prentice Hall., pp.3-25
- Frank H.M. Verbeeten. (2006) 'Do organizations adopt sophisticated capital budgeting practices to deal with uncertainty in the investment decision?: A research note', in Management Accounting Research. vol. 17 (1) , pp.106-120
- Trevor Hopper; Peter Armstrong. (1991) 'Cost accounting, controlling labour and the rise of conglomerates', in Accounting, Organizations and Society. vol. 16 (5-6) , pp.405-438
- J. Burns; G. Baldvinsdottir. (2007) 'The changing role of management accountants', in Issues in management accounting, Harlow: Prentice Hall., pp.117-132
- Ezzamel Mahmoud; Keith Hoskin; Richard Macve. (1990) 'Managing It All By numbers: A Review of Johnson & Kaplan's 'Relevance Lost'', in Accounting & Business Research. vol. 20 (78) , pp.153-166
- Robert Simons. (1995) 'Control in an Age of Empowerment', in Harvard Business Review. vol. 73 (2) , pp.80-88
- (2015) CIMA: Management Accounting in Support of the Strategic Management Process: Chartered Institute of Management Accountants. vol. 11 (1)
- Kim Langfield-Smith. (2008) 'Strategic management accounting: how far have we come in 25 years?', in Accounting, Auditing & Accountability. vol. 21 (2) , pp.204-228
- Johnson, T.; Kaplan, R. (1987) 'The Rise and Fall of Management Accounting', in Management Accounting. vol. 68 (7) , pp.22-30
- Prem Sikka; Hugh Willmott. (2010) 'The dark side of transfer pricing: Its role in tax avoidance and wealth retentiveness', in Critical Perspectives on Accounting. vol. 21 (4) , pp.342-356
- Laurel Adams; Ralph Drtina. (2008) 'Transfer pricing for aligning divisional and corporate decisions', in Business Horizons. vol. 51 (5) , pp.411-417
The above list is indicative of the essential reading for the course. The library makes provision for all reading list items, with digital provision where possible, and these resources are shared between students. Further reading can be obtained from this module's reading list.
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
| Coursework |
Autumn Essay |
|
|
| Exam |
Main exam: 24hr during Summer (Main Period)
|
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Overall assessment
Reassessment
Module supervisor and teaching staff
Dr Md Ahmed, email: msahmea@essex.ac.uk.
Shoaib Ahmed & Maria Ishaque
ebsugcol@essex.ac.uk
No
Yes
No
Prof Joan Amanda Emery
University of Ulster
Professor of Accounting
Available via Moodle
Of 267 hours, 0 (0%) hours available to students:
267 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).
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