AF4005 - Management Accounting & Analytics I

You will learn through two hours of weekly lectures, in addition to two hours of seminars / workshops per week for one semester which will be supported by directed independent study.

Whole cohort lectures will focus on the underpinning concepts, calculations and application of Management Accounting and Analytics, guided by the latest thinking from industry and academic research. Lectures are supported by smaller group seminars which will develop your understanding further with the use of business context scenario examples and provide an interactive setting with tutor and peers. Workshops will be computer lab based and will explore the use of analytical tools and systems.

Directed independent learning will be an essential part of the module by supporting the work you have undertaken in contact sessions. The directed learning will take the form of additional assessment style questions, learning of academic journal articles supporting the concepts and evaluating the subjects you will learn.

Formative assessment will be provided through feedback on seminar and workshop activities and directed learning activities during seminars.

You will learn through lectures, seminars, workshops and guided and independent learning. Lectures will cover theories and concepts, whilst seminars will be facilitated by group tasks, team working, communication and interpersonal skills and allow you to reflect on your learning. Workshops will give you the opportunity to practice the various analytical techniques, allow you to build up a proficiency in the use of analytical tools and the necessary skills of interpretation and communication of findings.

Use of the programme’s e-learning portal will be essential as this will support the work you will be undertaking in the lectures, workshops and seminars; it will also contain additional exercises that will allow you to undertake further practice independently.

Your progress on the course will be continually assessed by both yourself and your lecturers. The problem solving nature of the workshops and seminars means that formative feedback will be received continuously.

Independent learning time is set aside for learning activities, both guided and self-identified by your own research, so you can gain a deeper and broader knowledge of the subject. You may complete review exercises, work with the electronic support tools (such as quizzes and recording), attempt to complete past examination papers or undertake further reading.

All modules at Northumbria include a range of reading materials that students are expected to engage with. The reading list for this module can be found at: http://readinglists.northumbria.ac.uk
(Reading List service online guide for academic staff this containing contact details for the Reading List team – http://library.northumbria.ac.uk/readinglists)

Knowledge & Understanding:
• Understand and apply a variety of Management Accounting analytical techniques to support business decision making (MLO1).

• Demonstrate the ability to draw conclusions from calculations by understanding the wider impact to businesses of decisions made based on management accounting techniques (MLO2).

Intellectual / Professional skills & abilities:

Personal Values Attributes (Global / Cultural awareness, Ethics, Curiosity) (PVA):
• Define and understand professional ethics in the context of management accounting (MLO3).

A summative assessment based on a 3 hour (plus 15 minutes reading time) closed book exam held at the end of the semester (MLO1, MLO2 & MLO3). Feedback will be provided via feedback sheet returned to students with their answer scripts. The feedback will highlight the strengths of a student’s performance as well as how this performance can be improved further.

The assessment of learning components above comply with the professional bodies’ assessment requirements necessary to maintain the exemptions offered to students who pass this module. It is designed to test the students’ understanding of management accounting techniques as well as their descriptive and diagnostic analytical abilities and how ethics relates to the topic.

The module assessment strategy includes assessment for learning elements which are based on formative feedback given during the seminars and workshops. This will include discussions of student’s responses/ answers related to seminars tasks such as computational questions, cases and relevant research papers.

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Management Accounting and Analytics I will teach you the key tools and techniques of management accounting and analytics and how they inform decision making. The module will provide you with a tool kit of numerical, analytical and interpretative skills allowing you enter employment with a level of knowledge and understanding to be truly effective. The module reflects our commitment to providing you with an ethical and responsible business education. This is achieved through engaging with relevant ethical frameworks to developing your knowledge and ability in undertaking ethical decisions as an accounting professional.

The subjects, teaching and assessments are aligned with the professional accounting bodies, allowing you to gain exemptions from professional exams. The module integrates research led learning, incorporating the latest thinking from industry and academia to enhance the learning experience. Moreover, the module reflects the international nature of management accounting by using relevant examples and case studies from leading multi-national corporations and how they adopt/adapt management techniques to support decision making and enhance business performance.