Teaching Responsibility
LJMU Schools involved in Delivery:
LJMU Partner Taught
Learning Methods
Online
Module Offerings
6601AFYPC-SEP-MTP
Aims
The purpose of this module is to provide an in-depth understanding of the role of management accounting in relation to the planning, control, decision-making and performance measurement activities of strategic management.
Module Content
Outline Syllabus:
The contemporary role of the management accountant: skills and competencies, ethics, business partner.
Organisational strategy and strategic planning process: purpose of strategy, levels, approaches.
Optimising strategic decisions: analysing the business environment, macro-environment (PESTEL), industry factors (Porter's Five Forces), organisational capabilities, internal analysis (value chain, resource audit), SWOT.
Competitive Advantage and strategic choice: Basis of competition (Porter's generic strategies), Strategic direction (Ansoff), strategic methods (organic, alliance, acquisition).
Performance management & reporting using FP! & NFPI including Balanced Scorecard and Building Block Model.
Divisionalisation and performance measures: RO, RI, behavioural/motivation theories.
Transfer pricing including dual prices and lump sum payments and effect on motivation/autonomy of managers.
Investing for future capabilities including: advanced discounted cash flow techniques to account for tax and depreciation and the importance of incorporating social and environmental factors in project appraisal.
Risk analysis and appraisal including: critical analysis of discount rates, expected values, decision rules, scenario analysis, simulation techniques and Monte Carlo analysis.
The contemporary role of the management accountant: skills and competencies, ethics, business partner.
Organisational strategy and strategic planning process: purpose of strategy, levels, approaches.
Optimising strategic decisions: analysing the business environment, macro-environment (PESTEL), industry factors (Porter's Five Forces), organisational capabilities, internal analysis (value chain, resource audit), SWOT.
Competitive Advantage and strategic choice: Basis of competition (Porter's generic strategies), Strategic direction (Ansoff), strategic methods (organic, alliance, acquisition).
Performance management & reporting using FP! & NFPI including Balanced Scorecard and Building Block Model.
Divisionalisation and performance measures: RO, RI, behavioural/motivation theories.
Transfer pricing including dual prices and lump sum payments and effect on motivation/autonomy of managers.
Investing for future capabilities including: advanced discounted cash flow techniques to account for tax and depreciation and the importance of incorporating social and environmental factors in project appraisal.
Risk analysis and appraisal including: critical analysis of discount rates, expected values, decision rules, scenario analysis, simulation techniques and Monte Carlo analysis.
Additional Information:
The module is designed to develop advanced knowledge and skills in management accounting theory and techniques.
The module is designed to develop advanced knowledge and skills in management accounting theory and techniques.
Assessments
Exam
Report