The purpose of this module is to provide a critical understanding of the systems and theories of control and to analyse the methods of performance evaluation. The modules also seeks to provide an appreciation of the behavioural implications of control.
Control and the organisation
The need for planning and control; management accounting and control; considerations in the design of management accounting systems.
Cost accumulation for inventory valuation and profit measurement
Process-costing systems; joint-costing systems
Budgetary planning and control
Objectives of budgets; the budgeting process (including flexible budgets); responsibility accounting and control reporting; dysfunctional behaviour arising as a result of budgets; management style
Performance and measuring management control
Performance measurement methods and models;flexible budgeting;standard costing;non-financial measures of performance; measuring managerial performance; the balanced scorecard;measuring divisional performance; Return on Capital Employed (ROCE) and Return on Investment (ROI); Residual Income (RI)
| Module Content & Assessment | |
|---|---|
| Assessment Breakdown | % |
| Other Assessment(s) | 30 |
| Formal Examination | 70 |