BUSI45S15: FINANCIAL PLANNING AND CONTROL (ONLINE)

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• To build on the core concepts of financial management by:
• developing students understanding of the financial control processes of business and their systems context;
• providing students with the ability to evaluate alternative mechanisms to deliver information for management control and decision making;
• providing students with a critical understanding of the centrality of management accounting information to wealth creation.

• Understanding cost behaviour;
• Short term budgeting;
• Resource allocation and capacity costs;
• Activity based costing systems and activity based management;
• Financial measures of performance, international dimensions;
• Strategic management accounting;
• Balanced scorecard;
• Incentive measures and performance;
• Social and environmental reporting.

Subject-specific Knowledge:

• By the end of the module, students will have:
• a knowledge of the behaviour of costs;
• a critical understanding of the context of the information needs of management;
• a critical appreciation of recent relevant academic literature and its implications for current management practice;
• a critical understanding of the impact of management accounting on key strategic issues faced by organisations;
• a critical appreciation of the implications of globalisation and national culture for financial planning and control.

Subject-specific Skills:

• By the end of the module, students will:
• be able to critically evaluate the role of budgeting in effective management control.

Key Skills:

• Written communication;
• planning, organising and time management;
• problem solving and analysis;
• using initiative;
• computer literacy.

• The module is delivered via online learning, divided up into study weeks with specially produced resources within each week. Resources vary according to the learning outcomes but normally include: video content, directed reading, reflection through activities, opportunities for self-assessment and peer-to-peer learning within a tutor-facilitated discussion board. Tutors provide feedback on formative work and facilitate discussion board communication as well as being available for individual consultation as necessary (usually by email and Skype).
• The summative assessment of the module is designed to test the acquisition and articulation of knowledge and critical understanding, and skills of application and interpretation within the business context.

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