Postgraduate Course: Accounting for Decision-Making (EMBA) (CMSE11512)
Course Outline
School | Business School |
College | College of Arts, Humanities and Social Sciences |
Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Not available to visiting students |
SCQF Credits | 10 |
ECTS Credits | 5 |
Summary | This course is focussed on teaching concepts, techniques and practices in the principal discipline within the financial controls function, that of accounting for managerial decision-making. In the management of a business within a competitive environment accounting for managerial decision-making fulfils a highly significant role and so this course is designed to teach the principles of management accounting within the strategic context. |
Course description |
The rise of the information age has brought a profound structural shift in the way value is generated by modern organizations and accounted for in economies and societies. In 1975, tangible assets accounted for more than 80 percent of the market value of the 500 largest US firms. By 2015 the situation was entirely inverted, with nearly 90 percent of market capitalization deriving from intangible assets. Accordingly, accounting for value is no longer solely driven by fixed physical and financial assets, but instead by more fluid resources, such as relationships, networks, intellectual, social and human capital. This transformational trend has called into question the relevance of many traditional accounting and reporting tools. Addressing these challenges entails the need to introduce accounting models that embrace and tackle these issues to account for a richer and more dynamic concept of value. This module introduces and critical evaluates such accounting tools for decision-making.
Outline Content:
Introduction to accounting: complexities and evolving trends
The design of budgeting systems
Cost-volume profit analysis and decision-making
Costing in complex and fast changing environments
Balanced Scorecard: Strategy execution and performance management
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Entry Requirements (not applicable to Visiting Students)
Pre-requisites |
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Co-requisites | |
Prohibited Combinations | |
Other requirements | None |
Course Delivery Information
Not being delivered |
Learning Outcomes
On completion of this course, the student will be able to:
- Understand the role played by accounting for decision-making in the modern organisation.
- Critically evaluate many of the seminal contributions in research on accounting for decision-making
- Link the accounting tools to the organizational strategy execution function
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Reading List
Horngren, C.T., Datar, S., Foster, G. (2015), Cost Accounting: A Managerial Emphasis, 15th global edition. Prentice Hall. |
Additional Information
Graduate Attributes and Skills |
C1 Meaningful Interpersonal Interaction
C2 Effective Emotional Intelligence
C3 Authentic Leadership
C4 Ethical, Responsible and Sustainable Business Behaviour
C5 Appropriate Communication
C6 Understand and Make Effective Use of Data
C7 Creative and Entrepreneurial Practice
C8 Personal and Professional Competence
C9 Academic Excellence
C10 Intellectual Curiosity
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Keywords | Not entered |
Contacts
Course organiser | Mr Marian Konstantin Gatzweiler
Tel:
Email: |
Course secretary | Mrs Angela Muir
Tel: (0131 6)51 3854
Email: |
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