ACM003-Management Accounting: Theory and Practice

Module Provider: Business Informatics, Systems and Accounting
Number of credits: 20 [10 ECTS credits]
Level:7
Terms in which taught: Autumn term module
Pre-requisites:
Non-modular pre-requisites: Management accounting studied at undergraduate level to level 6 or equivalent
Co-requisites:
Modules excluded:
Current from: 2022/3

Module Convenor: Ms Sue Blackett
Email: s.blackett@henley.ac.uk

Type of module:

Summary module description:

This module is delivered at University of Reading.



Management accounting is a collection of diverse techniques used to measure and analyse the resources, processes and outputs of organisations. While it is important to understand the techniques, it is equally important to study how those techniques are used. A good understanding of costing techniques is assumed as the module explores beyond these to their application in practice and questions their use(s) and role(s) in organisations from a theoretically informed perspective. Much of the research in management accounting and sustainability explores the role of the management accountant and the application of management accounting techniques in practice, through a variety of theoretical lenses. The module will draw on published case studies to analyse contemporary management accounting in practice.

Aims:

This module aims to provide students with an advanced understanding of the concepts relating to the provision and use of financial information in organisational decision-making, planning, control and performance management. Students will consider the contribution of different theoretical perspectives to critically evaluate the role of management accounting.

Assessable learning outcomes:

Upon successful completion of this module, students should be able to:

1. Critically evaluate theoretical perspectives commonly used in management accounting research.

2. Critically assess the strengths and limitations of theoretical perspectives.

3. Use appropriate theoretical approaches to analyse case studies of management accounting practice.

4. Critically evaluate the changing and different roles of the management accountant.

5. Organise and communicate information clearly, succinctly and in the required format, both under timed conditions and in assessed work.

Additional outcomes:

Students should be able to demonstrate advanced knowledge of theoretical perspectives used in management accounting, and then apply management accounting knowledge and skills to real life situations for planning, control, performance management and decision-making purposes.

Outline content:

Theoretical perspectives may include: agency theory; accounting symbolism; the labour process view; normative models, theories of co-operation in organisations and sustainability. These perspectives may be applied to cases involving, for example, the use of standard costing, strategic management accounting, decision-making by divisional managers, performance measurement of organisations and of managers and the design of incentive systems. The contribution of the management accountant to organisational performance and factors influencing that role in organisations.

Basic bibliography:

• Seal, W., Rohde, C., Garrison, R. H. and Noreen, E. W. (2019). Management Accounting. 6th ed. London:McGraw-Hill Education.
  
   


• Drury, C. (2021). Management and Cost Accounting. 11th ed. Andover:Cengage Learning.
  
   

Global context:

Collaborative working and appreciation of differing viewpoints and use of international research and  case studies.

Brief description of teaching and learning methods:

A range of teaching and learning methods will be employed, but will focus largely on lectures, group work and independent supported learning. The case study approach will be used as a basis for analysis and discussion in seminars.

In the contact hours table below, Essay Preparation refers to: Preparation of coursework report - may include conducting research, analysing data, editing the finished product

Revision and preparation refers to revision a nd preparation for in-class or end of module examination

Summative assessment- Examinations:

N/A

Summative assessment- Coursework and in-class tests:

Portfolio

Completion and submission of independent study activities on Blackboard.

Written assignment

Students would be required to write a 3,000-word essay (+/-10% allowed) on a combination of topics in management accounting, in order to deepen their core accounting knowledge as well as research skills. The assessment method may include writing a critical academic essay, applying theories to cases, reflecting on research findings or making sound conclusions and offering plausible recommendations that would assist in planning, decision-making, control and performance management.  Coursework is due for submission in the first week of the Spring Term.

 

Formative assessment methods:

Students will be required to prepare and lead discussions and to present the results of group discussion to other students in their seminars /workshop groups. Students are expected to complete activities on Blackboard to receive formative feedback. Formative feedback opportunities will help students prepare for summative assessments.

Penalties for late submission:

Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information: http://www.reading.ac.uk/internal/exams/student/exa-guidePG.aspx

Assessment requirements for a pass:

Students will be required to obtain a weighted average mark across all assessments of 50%.

Reassessment arrangements:

By resubmission of the written assignment in August. 

Additional Costs (specified where applicable):

Last updated: 11 October 2022