ACCT B8Z02 - Management Control Systems 2

Full Title:Management Control Systems 2
Language of Instruction:English
Module Code:ACCT B8Z02
 
Credits: 5
Valid From:Semester 1 - 2013/14 ( September 2013 )
Module Delivered in 2 programme(s)
Module Description:This subject will review the theory of control and will evaluate the practical application of different types of management controls in business situations.It will review and assess financial results control systems and examine the control issues in divisionalisation and transfer pricing.
Learning Outcomes:
On successful completion of this module the learner should be able to
  1. Design and critically analyse control systems
  2. Examine the theoretical and practical issues in the implementation of financial results control systems.
  3. Analyse the implications of behavioural issues in the design and operation of budgeting, planning and control systems
  4. Distinguish between managerial and economic performance and explain the factors and the measures that should be considered in designing financial performance measures for evaluating divisional managers
  5. Describe the different purposes of a transfer pricing system and identify and describe the suitability of the different transfer pricing methods
 

Module Content & Assessment

Indicative Content
Design and critically analyse control systems
Organisational Control: A definition, cybernetics and its application to business organisations;Designing Control systems: action, results and personnel controls, issues of control tightness and looseness;The costs of control i.e. financial non non-financial, e.g. slack and negative attitudes.
Examine the theoretical and practical issues in the implementation of financial results control systems.
Financial Results Control; assumptions and applicability.Responsibility accounting and its application to various business situations.
Analyse the implications of behavioural issues in the design and operation of budgeting, planning and control systems
The budgeting process, the roles of budgeting and the achievement of corporate objectives, gaol setting and performance evaluation. Budget styles and participation in the budget process.
Distinguish between managerial and economic performance and explain the factors and the measures that should be considered in designing financial performance measures for evaluating divisional managers
Divisional vs managerial performance;Divisional financial performance measures: issues, calculation and interpretations
Describe the different purposes of a transfer pricing system and identify and describe the suitability of the different transfer pricing methods
Transfer-pricing in divisionalised companies: issues, calculation and interpretations.
Assessment Breakdown%
Course Work30.00%
End of Module Formal Examination70.00%

Full Time

Course Work
Assessment Type Assessment Description Outcome addressed % of total Marks Out Of Pass Marks Assessment Date Duration
Class Test Individual class test based on the application of controls to a particular case studied. 1 20.00 0 0 Week 7 0
Group Project Group submission on a case study or the application of control in a real world company 1,2 10.00 0 0 Week 10 0
No Project
No Practical
End of Module Formal Examination
Assessment Type Assessment Description Outcome addressed % of total Marks Out Of Pass Marks Assessment Date Duration
Formal Exam End-of-Semester Final Examination 1,2,3,4,5 70.00 0 0 End-of-Semester 0
Reassessment Requirement
A repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.
Reassessment Description
The course work class test will be repeatable. The course work group assignment will NOT be repeatable.

DKIT reserves the right to alter the nature and timings of assessment

 

Module Workload & Resources

Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 2.00 Every Week 2.00
Tutorial No Description 1.00 Every Week 1.00
Directed Reading No Description 2.00 Every Week 2.00
Independent Study No Description 4.00 Every Week 4.00
Total Weekly Learner Workload 9.00
Total Weekly Contact Hours 3.00
This course has no Part Time workload.
Resources
Recommended Book Resources
  • Merchant K & Van Stede W 2011, Management Control Systems: Performance Measurement, Evaluation and Incentives, 3 Ed., 1 to 10, Financial Times/ Prentice Hall UK [ISBN: 978-0273737612]
Supplementary Book Resources
  • Emmanuel C, Otley D and Merchant K 1990, Accounting for Management Control, 2 Ed., Cengage Learning EMEA UK [ISBN: 978-0412374807]
  • Wilson R and Chua W 1992, Managerial Accounting: Method and Meaning, 2 Ed., Cengage Learning EMEA UK [ISBN: 978-0412436109]
  • Anthony R & Govindarajan V 2006, Management Control Systems, 12 Ed., McGraw-Hill USA [ISBN: 978-0070635838]
This module does not have any article/paper resources
Other Resources
  • Website: Student resource site for Drury text, Cengage Learning
  • n/a: Harvard Business Review, Business Week, The Financial Times, The Irish Times, Financial Management – the journal of the Chartered Institute of Management Accountants –CIMA

Module Delivered in

Programme Code Programme Semester Delivery
DK_BBUST_8 Bachelor of Business (Honours) 6 Elective
DK_BBBST_B Bachelor of Business Studies (Honours) 2 Mandatory