This module sets out multi-dimensional planning and control approaches linked to performance measurement and management, and identifies methods of implementation. In so doing, it identifies a range of strategic cost management techniques, their usefulness, and their applications. This includes the application of skills using quantitative/financial techniques; the ability to interpret and explain the results of these calculations; the ability to critically evaluate the techniques; and a recognition that management accounting, particularly at the strategic level is context-dependent, and takes account of an organisation’s strategy, culture, and management style.
Main topics of the module include:
- The nature and purpose of strategic management accounting.
- Issues in and challenges to management control.
- Contemporary approaches to financial planning and cost measurement and management.
- Dividisionalised performance evaluation.
- Transfer pricing.
- Non-financial performance evaluation.
- Approaches to and issues in generating and monitoring quality.
On successful completion of this module, you will be expected to be able to:
- Discuss the need for management and strategic planning. and control, and identify and evaluate the various forms of controls.
- Discuss the use of and apply financial performance and non-financial performance measures.
- Identify, evaluate and apply a range of financial planning and costing techniques.
- Assess performance within dividisionalised organisations.
- Understand the significance of quality within the internal and external activity of an organisation, and how to improve it.
- Explain, apply and evaluate a range of various contemporary performance measurement and management frameworks.