MN3023 Management Accounting and Control

Academic year

2024 to 2025 Semester 2

Further information on which modules are specific to your programme.

Key module information

SCOTCAT credits

20

The Scottish Credit Accumulation and Transfer (SCOTCAT) system allows credits gained in Scotland to be transferred between institutions. The number of credits associated with a module gives an indication of the amount of learning effort required by the learner. European Credit Transfer System (ECTS) credits are half the value of SCOTCAT credits.

SCQF level

SCQF level 9

The Scottish Credit and Qualifications Framework (SCQF) provides an indication of the complexity of award qualifications and associated learning and operates on an ascending numeric scale from Levels 1-12 with SCQF Level 10 equating to a Scottish undergraduate Honours degree.

Planned timetable

To be confirmed

This information is given as indicative. Timetable may change at short notice depending on room availability.

Module coordinator

Dr M M M M Elmarzouky

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module Staff

Prof John Ferguson

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module description

This module introduces honours students to management accounting tools and techniques useful to analyse complex situations, choose between options and anticipate future outcomes of present decisions. This course requires a prior understanding of basic concepts of financial accounting (P&L; Balance Sheet; Cash Flow Statements). It introduces fundamental management accounting concepts providing students with a solid understanding of technical issues in the design and functioning of budgets and reporting as well as knowledge of cost accounting methods and Cost-Volume-Profit analysis. Participants will be made familiar with forecasts and variance analysis. The strategic dimension of management accounting is addressed with and introduction to the Balance Scorecard and the Activity Based Costing methods. A session is also dedicated to an introduction to how management accountants can contribute to control and mitigate environmental impacts of business activities.

Relationship to other modules

Pre-requisites

BEFORE TAKING THIS MODULE YOU MUST PASS MN2001 AND PASS MN2002

Assessment pattern

100% coursework

Re-assessment

100% exam

Learning and teaching methods and delivery

Weekly contact

2 lectures (x 11 weeks) and 1 tutorial (x 4 weeks), and 2 optional consultative hours (x 11 weeks)

Intended learning outcomes

  • Participate in budgeting and reporting procedures.
  • Critically evaluate management situations on the basis of management accounting concepts.
  • Assess financial implications of decisions and the environmental impacts of business activities.
  • Use appropriate management accounting tools in decisions making and plan resources (material, technical,…).
  • Understand the methods and techniques of forecasting, budget control, and other specialist tools.