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 ACFI816
Coordinator Dr S Ahmad
Finance and Accounting
Sardar.Ahmad@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2024-25 Level 7 FHEQ First Semester 15

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

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 20

 5

         25
Timetable (if known)              
Private Study 125
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Examination. Standard UoL penalty applies for late submission. There is a resit opportunity. This is an anonymous assessment.  2    70       
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Individual written assignment. There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment.  0    30       

Aims

This module aims to:

Develop students’ knowledge and understanding of the roles of management accounting information in planning, coordination, decision making, control, performance measurement, and business strategy;

Develop critical management accounting skills, explore the roles of management accounting in assessing financial performance, and explain the main contemporary issues for organisations;

To provide students with an appreciation and understanding of the complexities involved in the design of management control systems.

Learning Outcomes

(LO1) Students will be able to explain and discuss a range of advanced costing methods and critically evaluate its relevance for organisations in the contemporary business world.

(LO2) Students will be able to identify and critique a range of investment appraisal techniques, select as appropriate and apply within the investment appraisal process, and make a justifiable recommendation.

(LO3) Students will be able to apprise the nature and significance of risk and uncertainty, and devise strategies for dealing with risk and uncertainty in decision-making.

(LO4) Students will be able to critique both the theoretical issues and influences on practical decisions associated with multi-product break-even analysis.

(LO5) Students will be able to critique different methodologies applied in management accounting research.

(LO6) Students will be able to consider current and future directions in management accounting and control research.

(LO7) Students will be able to investigate and apprise the performance of organisational units and formulate strategies for mid-to long-term challenges.

(LO8) Students will be able to critically evaluate the need for environmental management accounting and how such information is used for strategic decision making.

(S1) Adaptability.
Students will work on case studies about real business problems which will equip them to adapt and deal with different organisational circumstances.

(S2) Problem solving.
Students will work on analysing problems in management accounting case studies.

(S3) Commercial awareness.
Students will work on case studies about real business operations.

(S4) Teamwork.
Students will work in teams to develop a conceptual understanding of problems and issues.

(S5) Organisation skills.
Students will develop organisation skills through effectively managing and solving real life case studies in tutorials.

(S6) Communication skills.
Students will develop oral communication skills through presentations and written communication skills in their assignments.

(S7) International awareness.
Students will develop international awareness through the use of case studies on multi-national organisations.

(S8) Lifelong learning.
Students will develop this skill through the preparation and interpretation of management accounting information.

(S9) Ethical awareness.
Students will develop ethical awareness by understanding issues related to accountability, governance and corporate social responsibility.

Teaching and Learning Strategies

2 hour lecture x 10 weeks
1 hour seminar x 5 weeks
125 hours self-directed learning

Students will engage in independent study of detailed background information and reading materials around topics covered in lectures and workshops.

Syllabus
 

Management accounting and the contemporary business world;

Managing the costs of creating value;

Capital investment decision-making;

Managing and controlling the performance of organisational units;

Management accounting and risk management;

Strategic management control and performance management;

Environmental Management Accounting.

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