306-302 Managerial Accounting

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Objectives:

The subject is divided into two parts. The first part of the subject is more technical in orientation and focuses on advanced, managerial accounting techniques and processes. On completion of this part of the subject a student should:

• have developed an understanding of the technological and environmental impact on the design and relevance of management accounting systems in today's manufacturing environment;

• have been provided with the necessary technical tools to assist managers in achieving competitive advantage in this changing environment;

• have developed skills in the analysis, interpretation and presentation of accounting information to assist managers in operational, managerial and strategic decision making;

• have developed an understanding of the accounting tools required for both routine and non-routine decision making and for planning and controlling the activities performed in manufacturing and non-manufacturing environments.

The second part of this subject focuses on the behavioural implications of managerial accounting. On completion of this part of the subject a student should:

• have developed an understanding of the notion of control to enable them to assess the role of accounting in achieving control within an organisation. This requires an identification of the alternative controls available to management within organisations;

• have been provided with an awareness of the factors which influence the role of accounting vis a vis other control mechanisms;

• have developed an understanding of the accounting techniques used to measure managerial performance;

• have been enabled to evaluate the consequence on managerial behaviour and organisational performance as a result of the implementation of accounting-based performance measurement and reward systems.

Content:

This subject examines issues in advanced managerial accounting and focuses on the more complex issues relating to cost measurement, cost allocation, performance measurement, and inventory control systems. It includes the recent trends in the management of manufacturing and service organisations and the impact of these trends on managerial accounting. A conceptual framework for evaluating the role of accounting for planning and controlling activities within an organisation context is presented and both the technical and behavioural implications of management accounting systems are discussed.

Assessment:

Prescribed Texts:

To be advised.