ULMS Electronic Module Catalogue

The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title ADVANCED MANAGEMENT ACCOUNTING
Code ACFI303
Coordinator Mr MN Drape
Finance and Accounting
N.Drape@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 Level 6 FHEQ First Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):

ACFI203 MANAGEMENT ACCOUNTING; ACFI204 FINANCIAL MANAGEMENT 

Modules for which this module is a pre-requisite:

 

Programme(s) (including Year of Study) to which this module is available on a required basis:

 

Programme(s) (including Year of Study) to which this module is available on an optional basis:

 

Teaching Schedule

  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours   6

      12

24

6

48
Timetable (if known)   60 mins X 1 totaling 6
 
      120 mins X 1 totaling 24
120 mins X 1 totaling 24
60 mins X 1 totaling 6
 
 
Private Study 102
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Assessment 2: Written Timed Unseen Online Examination Assessment Type: Written Exam Duration: 3 Hours Weighting: 60% Reassessment Opportunity: No reassessment opportunity; the reason is detai  3 hours    60       
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Assessment 1: Coursework Assessment Type: Coursework Size: Maximum 5000 words to be completed in groups of 2 or 3 as a default (a shorter version of the assignment will also be made available shoul  -5000 words    40       

Aims

The module aims to increase students' knowledge of the theory and practice of management accounting and to build on study of this topic in earlier years, especially to extend and complement the material covered in the second year Management Accounting (ACFI 203). An important part of the module is reviewing of the various theoretical approaches which have been adopted or proposed for the development of management accounting and management decision-making.  Also, detailed materials on the practice of management accounting will be provided and explored in lectures and workshops.  The module thus presents management accounting in a broad context of organisational management and control.


Learning Outcomes

(LO1) Students will be able to evaluate the different approaches to performance management.

(LO2) Students will be able to evaluate the behavioural and financial impact of transfer pricing on performance management.

(LO3) Students will be able to examine and practice various specialist costing and management accounting techniques.

(LO4) Students will be able to identify and evaluate the impact of contemporary issues on management accounting practice.

(S1) Adaptability

(S2) Problem solving skills

(S3) Numeracy

(S4) Commercial awareness

(S5) Teamwork

(S6) Organisational skills

(S7) Communication skills

(S8) IT skills

(S9) International awareness

(S10) Lifelong learning skills

(S11) Ethical awareness


Teaching and Learning Strategies

Teaching Method: Online asynchronous Learning material
Description: delivery made available via the VLE, recordings will be chunked into 20-30 min.
Unscheduled Directed Student Hours: 12

Teaching Method: Online Session
Description: Synchronous 2 hour session
Scheduled Directed Student Hours: 24
Attendance Recorded: No

Teaching Method: Seminar
Description: Bi-weekly face to face session
Scheduled Directed Student Hours: 6
Attendance Recorded: Yes

Teaching Method: Group Study
Description: Biweekly one hour session to foster student community and engagement by working with others on their ‘active learning’ activities
Scheduled Student Hours: 6
Attendance Recorded: No

Self-Directed Learning Hours: 102
Description: These independent learning hours are aimed at supporting the directed student learning. The module leader will provide guidance in the form of suggested readi ngs and topics to examine with the expectation that students are well prepared to contribute to the tutorial activities and to understand the content of lectures. Self-Directed Learning will include research activity, developing academic writing skills, and wider reading to support the module

Costs Information:
Students may be required to purchase a textbook

There are the following non-modular requirements:
ACFI203 or ACFI204

Skills/Other Attributes Mapping

Skills / attributes: Ethical awareness
How this is developed: Taught
Mode of assessment (if applicable): Coursework

Skills / attributes: Lifelong learning skills
How this is developed: Taught
Mode of assessment (if applicable): Examination and Coursework

Skills / attributes: International awareness
How this is developed: Taught
Mode of assessment (if applicable): Examination and Coursework

Skills / attributes: IT skills
How this is developed: Taught
Mode of assessment (if applicable): Coursework

Skills / attributes: Communication skills
How this is developed: Taught
Mode of assessment (if applicable): Examination and Coursework

Skills / attributes: Organisational skills
How this is developed: Taught
Mode of assessment (if applicable): Examination and Coursework

Skills / attributes: Teamwork
How this is developed: Taught
Mode of assessment (if applicable)

Skills / attributes: Commercial awareness
How this is developed: Taught
Mode of assessment (if applicable): Examination and Coursework

Skills / attributes: Numeracy
How this is developed: Taught
Mode of assessment (if applicable): Examination

Skills / attributes: Problem solving skills
How this is developed: Taught
Mode of assessment (if applicable): Examination and Coursework

Skills / attributes: Adaptability
How this is developed: Taught
Mode of assessment (if applicable): Examinati on and Coursework


Syllabus

 

Performance Management - Introduction to PM and the role PM plays within organisations

Performance Management – Traditional approaches

Performance Management - Balanced perspectives

Performance Management - Transfer pricing and PM

Introduction to the coursework assignment

Specialist Costing and Management Accounting Techniques - Activity based environments

Specialist Costing and Management Accounting Techniques - Investing for future capabilities

Specialist Costing and Management Accounting Techniques - Managing a total quality approach

Specialist Costing and Management Accounting Techniques – Target costing and pricing

Specialist Costing and Management Accounting Techniques - Environmental Management Accounting

Contemporary Issues in Management Accounting


Recommended Texts

Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.