Bs 1704 Management Accounting Course Guide
Essay by Chenjie Zhu • February 10, 2016 • Study Guide • 408 Words (2 Pages) • 1,032 Views
MSc Economics and Strategy for Business
BS1704 Management Accounting
This is a cutting-edge course on some of the latest thinking and tools to address modern management accounting issues. Modern management accounting comprises techniques for the measurement, analysis, and improvement of firm performance in four general areas:
- Financial performance
- Process performance
- Customer performance
- Innovation performance
This module will cover traditional and recent methods of performance analysis in all four areas, with due attention given to relationships with other Core ESB programme modules such as BS1703 (Economics and Strategy for Innovation), BS1705 (Strategic Marketing), and BS1707 (Corporate Finance).
By the end of the module, as skill objectives, students will have learned methods to:
- Conduct internal and external analyses of financial performance.
- Make improved long-run and short-run process decisions.
- Analyse and strategize on customer base segments.
- Conceptualize and understand innovation and learning in an enterprise.
Additionally, as learning outcomes, students will have developed:
- Critical thinking skills in the evaluation and application of different performance analysis methods to an enterprise.
- Ability to synthesize and modify existing methods and metrics to suit new performance analysis needs and contexts.
Students should be familiar with financial accounting (via the Business School’s online Accounting Primer) and Microsoft Excel.
Course content will be organized and covered as below.
Session | Title | Hour-Long Topical Lectures | Coursework / Activities | Reading / References |
1 | Introduction and Fundamental Financial Accounting Principles |
| Jones Ch. 2, Ch. 4 | |
2 | Fundamental Financial Accounting Principles (Continued) |
| Jones Ch. 5, Ch. 6 | |
3 | Financial Performance – External |
| Coursework Discussion | Jones Ch. 9 |
4 | Financial Performance – External |
| Coursework Topic | Jones Ch. 9 |
5 | Process Performance |
| The Beer Game Simulation / Coursework Topic | Seal Ch. 5 Goldratt |
6 | Financial Performance – Internal |
| Seal Ch. 12, Ch. 13 | |
7 | Financial Performance – Internal |
| Seal Ch. 6, Ch. 7, Ch. 8 | |
8 | Customer Performance |
| Notes in lectures | |
9 | Innovation Performance |
| Summary of Module | Rogers |
10 | Review and Overflow | Exam Sample Questions |
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