Course Information Package
|Course Unit Title||ADVANCED MANAGEMENT ACCOUNTING I|
|Course Unit Code||ABSA405|
|Course Unit Details||BA Business Administration (DL) (Business Electives) -|
|Number of ECTS credits allocated||5|
|Learning Outcomes of the course unit||By the end of the course, the students should be able to:|
|Mode of Delivery||Face-to-face|
|Recommended optional program components||NONE|
Costing techniques: The theory and practice behind specific order costing techniques including job costing. Evaluate the theory and practice of continuous costing. Application of the equivalent units approach to process costing.
Cost behaviour and learning curve theory: The theory and practice of cost behaviour. Examine the learning curve theory and evaluate its effect on profitability.
Performance measurement: Examine the performance hierarchy. Analyse the scope of performance measurement. Evaluate performance measurement indicators both financial and non-financial. Evaluate the effect of external considerations on performance. Non-financial measures. Analyse the management impact on performance measurement. Design and interpret performance evaluation systems.
Standard Costing and Variance Analysis: Critically analyse the theory and practice of standard costing and its relevance to controlling performance. Traditional, mix variance and planning variances. Operating statements reconciling budgeted profit to actual profit.
Budgetary control: Examining and appraising alternative systems of budgeting systems such as zero rated budgeting. Examining research on the behavioural aspects of budgeting. Current developments in budgeting.
Budgets: The master budget and its preparation. Advanced budgeting and advanced variance analysis techniques.
Transfer pricing: Concept of transfer pricing. The economic approach to transfer pricing. Transfer pricing and its link to performance.
|Recommended and/or required reading:|
|Planned learning activities and teaching methods|
The taught part of course is delivered to the students by means of lectures. Lecture notes and presentations are available through the web for students to use in combination with the textbooks.
Lectures are supplemented with class exercises carried out in class and via homework. The students will be asked to complete an assignment during the course.
|Assessment methods and criteria|
|Language of instruction||English|