Info
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Course 2016-2017 a.y.

30293 - STRATEGIC MANAGEMENT ACCOUNTING


CLEAM - CLEF - CLEACC - BESS-CLES - WBB - BIEF - BIEM
Department of Accounting

Course taught in English


Go to class group/s: 31

CLEAM (6 credits - I sem. - OP  |  SECS-P/07) - CLEF (6 credits - I sem. - OP  |  SECS-P/07) - CLEACC (6 credits - I sem. - OP  |  SECS-P/07) - BESS-CLES (6 credits - I sem. - OP  |  SECS-P/07) - WBB (6 credits - I sem. - OP  |  SECS-P/07) - BIEF (6 credits - I sem. - OP  |  SECS-P/07) - BIEM (6 credits - I sem. - OP  |  SECS-P/07)
Course Director:
MILES BERNARD GIETZMANN

Classes: 31 (I sem.)
Instructors:
Class 31: MILES BERNARD GIETZMANN


Course Objectives
The design of performance appraisal and control systems are critical to the successful running of the modern corporation. Senior management need to design performance reporting structures that manage the mix of tradeoffs that exist between short term, long term and idiosyncratic incentives of personnel.
In formed by theory the objective of the course is to develop criteria that can be used to design performance evaluation systems in practice. Mini case studies and numerical examples are used throughout the course to illustrate the underlying principles of how organizations can respond to the varying environment in which they operate.

Course Content Summary
  • Mapping the Value Chain and constructing a Balanced Scorecard.
  • Strategy and the Master Budget.
  • Analysing Strategic Capital Investments.
  • Target and Product Life Cycle Costing.
  • Variance Analysis with Financial and Non-Financial Performance measures.
  • Indirect Cost Variance Analysis.
  • Sales and Productivity Variance Analysis.
  • Controlling Quality.
  • Performance Measurement and the Balanced Scorecard.
  • Financial Performance of Investment centres.
  • Introduction to Designing Managerial Compensation plans.

Detailed Description of Assessment Methods

Written exam.


Textbooks
E. BLOCHER, D. STOUT, P. JURAS et al, Cost Management: A Strategic Emphasis; McGraw Hill, 2013, 6th edition.

Prerequisites
Previously completed a Level 1 course on management accounting covering topics such as job costing, process costing, activity based costing and basic budgeting.
Last change 25/05/2016 16:08