UWLFlex - Introduction to Management Accounting and Performance Measurement

Module overview
We have introduced UWLFlex – our new, online, flexible learning platform.
UWLFlex has been designed to complement face-to-face learning and build on our reputation for excellence in teaching, learning and student support. We will be able to deliver a University experience that is more collaborative, active, and relevant for an increasingly digital world thus enabling us to provide you with an improved student experience. UWLFlex will provide you with an enhanced range of online tools, to help facilitate your learning whether this takes place primarily on site or online.

 

Introduction
You'll develop knowledge and skills in the application of management accounting techniques to quantitative and qualitative information for planning, decision-making, performance evaluation and control.

 

Module summary content and aims
The aim of the module is to build on knowledge and skills taught in L4 Introduction to Management Accounting and L5 Management Accounting and develop knowledge and skills in the application of management accounting techniques to quantitative and qualitative information for planning, decision-making, performance evaluation, and control.
Topics covered: 
 
Information, technologies and systems for organisational performance 
 Information systems  
Data analytics 
 
Cost accounting techniques 
Life-cycle costing 
Throughput accounting 
Environmental accounting 
 
Decision-making techniques 
Pricing decisions 
Dealing with risk and uncertainty in decision-making 
 
Budgeting and control 
Material mix and yield variances 
Sales mix and quantity variances 
Planning and operational variances 
Performance analysis 
 

Performance measurement and control 
Divisional performance and transfer pricing 
External considerations and the impact on?performance 

Specific expectations students can have of tutors:
Constructive formative feedback on one assignment draft per assessment during week 6 for assessment 1.
Lecture slides made available on Blackboard 3 days prior to lecture.
Seminar activities made available on Blackboard 3 days prior to the first seminar group session in a week
Assessment marks and summative feedback given within 3 working weeks from the assessment submission deadline

 

Specific expectations tutors will have of students:
Attend all classes and arrive at classes punctually 
Read case studies provided prior to seminars and prepare answers to questions as per instructions given
Behave professionally in classes and not to cause any disruption that might affect other students’ learning. 
Actively participate and engage in class activities 
Inform tutor via email when not able to attend any classes 
Communicate with tutors in a professional manner
Attempt all assessments by the submission deadline unless there is extenuating circumstances (in which case please contact your Course Leader for extension request or mitigation claim)

 

Learning outcomes to be assessed
At the end of this module, you will be able to: 
LO1. Identify and critically discuss the information, systems and developments in technology required for organisations to manage and measure performance.  
LO2. Explain and critically apply cost accounting techniques.  
LO3. Select and appropriately apply decision-making techniques to facilitate business decisions and promote efficient and effective use of scarce business resources, appreciating the risks and uncertainty inherent in business and controlling those risks.  
LO4. Identify and apply appropriate budgeting techniques and methods for planning and control and use standard costing systems to measure and control business performance and to identify remedial action. 
LO5. Assess the performance of an organisation from both a financial and nonfinancial viewpoint, appreciating the problems of controlling defictionalized businesses and the importance of allowing for external aspects.

 

Required:
As an expert Management Accountant, you will prepare a management report for the client covering the following:
1.Produce a Management Report using MS-Word (Consisting Title page, Table of Contents (Automated), Introduction, Body of the report (with proper headings and subheadings), Conclusion, References, Appendices) 

2.The body of the report should contain: 
a.Explanation of information, systems and developments in technology required for Barloworld to manage and measure performance.

b.The implications and relevance of the following mentioned Management Accounting Techniques for the clients.
(i)Activity-based costing 
(ii)Target costing 
(iii)Life-cycle costing 
(iv)Throughput accounting 
(v)Environmental accounting

 

Important information:
Your report should be around 1,500 words (Title page, table of contents, forward, reference, and appendix are not included in word count). From the allowable contents, only the first 1500 words will be marked.

 

Submission Criteria:
Your submission must meet all the following criteria:

•Present your work in one business report-style document, which should include a table of contents, references list, and appendices, if any.
•Submit your work in a single word-processed document in the form of a report of 1500 words. 
•Electronically submitted on time via Turnitin by due date and time.
•Be adequately proofread before submission, and therefore does not contain significant errors of spelling and grammar;
•Make appropriate reference to the relevant concepts, techniques and theories.
•Be appropriately referenced (Harvard Referencing System); properly cite all information (in the text and bibliography) as per the references guidelines before.
•Ensure that font style should be Arial or Times New Roman and font size should be 12 in this assignment. However, heading and subheading can be of an appropriately larger font.
•Ensure that (in paragraph) line spacing should be 1.5 and alignment should be justified.