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BUSI49115: FINANCIAL PLANNING AND CONTROL (FT)

It is possible that changes to modules or programmes might need to be made during the academic year, in response to the impact of Covid-19 and/or any further changes in public health advice.

Type Tied
Level 4
Credits 15
Availability Not available in 2024/2025
Module Cap
Location Durham
Department Management and Marketing

Prerequisites

  • None.

Corequisites

  • None.

Excluded Combinations of Modules

  • None.

Aims

  • To build on the core module "Managing Finance" by:
  • developing students' understanding of the financial control processes of business and their systems context introduced in the core theme;
  • 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.

Content

  • 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.
  • Balanced Scorecard.
  • Incentive Measures and Performance.

Learning Outcomes

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;
  • explored and have an appreciation of recent 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;
  • developed an appreciation of the limitations in application of wealth creation models.

Subject-specific Skills:

  • By the end of the module students will have:
  • the ability to critically evaluate the role of budgeting in effective management control.

Key Skills:

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

  • Learning outcomes will be met through a combination of lectures, groupwork, case studies and discussion, supported by guided reading. The written assignment will test students' understanding of relevant concepts and their ability to apply and interpret what they have learned to the analysis of a particular issue in depth.

Teaching Methods and Learning Hours

ActivityNumberFrequencyDurationTotalMonitored
Workshops (a combination of lectures, groupwork, case studies and discussion)24Yes
Preparation and Reading126 
Total150 

Summative Assessment

Component: Written AssignmentComponent Weighting: 100%
ElementLength / DurationElement WeightingResit Opportunity
Written Assignment4,000 words maximum100 

Formative Assessment

None.

More information

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