This is an advanced course in management accounting. The course examines the integrative and interdisciplinary role of management accounting and its contribution in the strategic management process. The course focuses on cases that deal with management’s need for information for planning, control and decision making using both quantitative and qualitative information.
The course covers:
- the changing nature of management accounting;
- management control and decision-making;
- management accounting and strategy;
- and management accounting, performance measurement and accountability.
In addition, some of the following more specific topics will be addressed:
- risk management;
- strategic management accounting;
- the levers of control framework;
- environmental management accounting;
- and management accounting in the service and public sectors.
On completion of this course successful students will be able to:
- Understand the different mechanistic and post-mechanistic approaches to management accounting, including strategic accounting approaches.
- Explain the complex links between management accounting, the formulation and evaluation of strategies, management control, and modes of accountability in contemporary organizations.
- Identify how managers (through planning, budgeting, costing and performance management) achieve organizational control in different types of organizations, such as private firms and public sector agencies.
- Make a critical analysis of contemporary research on why and how management accounting is changing and problems and methods of implementing change, including theoretical debates attempting to explain contemporary management accounting developments.