This module sets out potential multi-dimensional planning and control approaches linked to performance measures and identifies methods of implementation. In so doing, it identifies a range of 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 has to be put into the context 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
- Divisionalized 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 divisionalized organizations
- Understand the significance of quality within the internal and external activity of an organization, and how to improve it.
- Explain, apply and evaluate the various contemporary performance measurement and management frameworks