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 Managerial Accounting
Code KMBA640
Coordinator Dr LB Day
Strategy, IB and Entrepreneurship
Lisa.Day@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 Level 7 FHEQ Whole Session 15

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

KMBA710 BEING A LEADER; KMBA711 THE ORGANISATION IN STRATEGIC CONTEXT; KMBA712 FINANCE AND ACCOUNTING FOR MANAGERS; KMBA713 MARKET PERSPECTIVES; KMBA714 INNOVATION AND CHANGE 

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           50

100

150
Timetable (if known)              
Private Study 0
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
             
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Assessment 1 There is a resit opportunity. Standard UoL penalty applies for late submission. Assessment Schedule (When) :Whole Session  Weeks 1,2,4,6, and 8    25       
Assessment 2 There is a resit opportunity. Standard UoL penalty applies for late submission. Assessment Schedule (When) :Whole Session  Weekly    15       
Assessment 3 There is a resit opportunity. Standard UoL penalty applies for late submission. Assessment Schedule (When) :Whole Session  Weeks 3 and 5 approx    15       
Assessment 4 There is a resit opportunity. Standard UoL penalty applies for late submission. Assessment Schedule (When) :Whole Session  Every 2nd week (Fina    30       

Aims

The aim of this module is to provide students with an understanding of the complex managerial accounting functions that help them to make informed and strategic business decisions.

Management accounting impacts upon all of the accounting functions of a firm. This module studies the ways in which processes, activities and resources are measured, recorded and analysed.

As in the Finance and Accounting for Managers and Financial Reporting modules, the standpoint is that of an informed high level executive using management accounting information to his or her best advantage, not that of a technical expert preparing accounts. Since this is a module in which the application of dynamic concepts is important, the individual seminars emphasize the students’ abilities to think critically.

We are not interested in the repeating of information but, rather, we are concerned with the importance of processing and applying data and learning how to use this ability to cri tically analyse and solve problems. Participants are encouraged to apply the concepts that they study to the contemporary global business environment, using technology, and independent research. In addition, students are encouraged to make use of related academic and professional journals to supplement the course materials and to assist them in the preparation of their assignments.


Learning Outcomes

(LO1) Understand and explain how management accounting is used for strategic and operational decision making

(LO2) Critically evaluate how a balanced scorecard and strategy map can translate into financial, customer, process and learning deliverables

(LO3) Understand and analyse the cost flows that take place in manufacturing, service and retail organisations

(LO4) Understand, explain and apply management accounting techniques appropriate to non-profit and public sector organisations

(LO5) Explain and critically evaluate the theory of constraints and link this to management accounting techniques at both the operational and strategic level

(LO6) Critically examine the behavioural consequences of management accounting

(LO7) Understand and critically evaluate the management accounting issues, such as decentralisation and transfer pricing, as faced by large MNCs.

(S1) Communication Skills: Students will have opportunities to develop written and oral communication skills through group discussions, in-class presentations and coursework. This will be assessed by written assignments, reports the dissertation and short individual and group presentations.

(S2) Problem Solving and Decision Making: Students will be challenged to think critically about organisational issues and dilemmas. They will do this by gathering and synthesising information, analysing alternative perspectives and options and presenting a considered opinion or course of action in their course assessment.

(S3) Information and Communication Technology Skills: Students will have opportunities to improve their ICT skills. Students will demonstrate skills in the use of software applications including word processing, visual presentations, data bases, econometric packages, spreadsheets and using the internet for information searches in the course of researching and presenting coursework.

(S4) Personal Effectiveness: This applies to all modules where students will be encouraged to think critically about theory and practice and to challenge and critique assumptions about management, economic and financial theory.

(S5) Time management. This applies to all modules of the programme and is relevant for planning scheduled work and meeting assessment deadlines. This will be evident in the students’ independent management of their assignments and coursework and by meeting coursework deadlines.


Teaching and Learning Strategies

Teaching Method 1 - Virtual classroom hours (for online modules)
Notes: Number of hours per week, per student expected in the virtual classroom in discussion, dedicated to group work and individual assessment is 7.

Teaching Method 2 - Non-classroom hours (for online modules)
Notes: Number of hours per week, per student expected for reading, research and other individual work to support engagement in the classroom is 13.


Syllabus

 

Introduction to advanced managerial accounting;

The balanced scorecard and strategy map;

Using costs in decision making and activity-based costing;

Management accounting for decision making;

Measuring and managing process performance;

Measuring and managing life cycle costs;

Behavioural and organisational issues in management accounting;

Control systems and financial control;

Strategic management accounting


Recommended Texts

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