ACCT20048 Management Accounting Systems

On completion of this course the student should be able to:

• understand the relationship between the management control system and the structure and strategies of the firm
• identify possible impacts of goal incongruities
• identify situations in which the design of management control systems can have demotivating effects
• identify problems caused by information asymmetry, bounded rationality, opportunism
• consider factors influencing the design and success of the MCS
• identify effects of alternative performance evaluation and control systems

Topics include: Management accounting: origins and future developments; cost behaviour and obtaining data; decision analysis and the evaluation of information; cost estimation techniques: engineering methods statistical methods; strategy and management accounting; CVP analysis: under uncertainty multiple products and resource constraints; cost analysis for pricing decisions; cost allocations: service departments; cost allocations: joint costs; variance analysis: investigation models; operational control: TQC, JIT, CIM; operational control: new technology.