30293 - STRATEGIC MANAGEMENT ACCOUNTING
CLEAM - CLEF - CLEACC - BESS-CLES - BIEMF
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) - BIEMF (6 credits - I sem. - OP | SECS-P/07)
Course Director:
MILES BERNARD GIETZMANN
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
- BLOCHER,STOUT,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 13/05/2014 15:29