The prerequisite is either IB116 Foundations of Management Accounting or IB231 Introduction to Management Accounting
The module aims to help you to understand the nature of modern strategic management and the roles played by accounting in both supporting and shaping it; to develop your technical understanding of the range of ways in which accounting is deployed to achieve both supporting and shaping outcomes; to provide you with an understanding of the historical development of business strategy and the roles of accounting in that development; and to enable you to understand and evaluate potential future developments across the strategy / accounting / management interface in the light of historical and current trends.
The module aims to provide:
One twp-hour lecture each week plus one weekly one-hour seminar (Tuesdays, starting week 2). ; Seminars either require students to read and be prepared to discuss recent papers researching the relations between strategy and accounting, or to prepare for discussion of a case concerned with ways in which strategy & accounting interact in organisational settings. The cases usually involve a mix of strategic analysis and accounting calculation, both of which need to be attempted in advance in order to contribute effectively to the discussion. Some are based on past examination questions.
There will also be a one-hour revision session in term three, date and time to be announced later.
The lectures will follow the following themes:
The reading list for the 2010-2011 academic year includes:
There is no set text, since this is an emergent field, where articles and research papers carry the most important material. Selected readings will be distributed via the seminar pack and others will be handed out at lectures or/and referred to via my.wbs. A number of management accounting text books cover some of the techniques, but usually lack critical or strategy-based material. The following are some relevant texts which address key themes in the module
The module aims to help you to understand the nature of modern strategic management and the roles played by accounting in both supporting and shaping it; to develop your technical understanding of the range of ways in which accounting is deployed to achieve both supporting and shaping outcomes; to provide you with an understanding of the historical development of business strategy and the roles of accounting in that development; and to enable you to understand and evaluate potential future developments across the strategy / accounting / management interface in the light of historical and current trends.
The module aims to provide:
- An understanding of current developments in strategy and accounting, and of the interfaces between them..
- A technical grounding in current approaches to using accounting systems and techniques in the development and implementation of business strategy and strategic planning.
- An understanding of the ways in which strategy as practice is based on and shaped by accounting (e.g. as 'strategy as numbers')
- An awareness of 'strategy as numbers' techniques (e.g. Customer Profitability Analysis, Direct Product Profitability and Shareholder Value).
- A critical awareness of the interplays between strategy and accounting in organisational contexts, as strategy moves beyond pure strategic planning, to become an integral feature of operational activity.
- An insight into possible new alignments between strategy, accounting and decision-making (e.g. "Strategic Accounting" or new strategic visions).
One twp-hour lecture each week plus one weekly one-hour seminar (Tuesdays, starting week 2). ; Seminars either require students to read and be prepared to discuss recent papers researching the relations between strategy and accounting, or to prepare for discussion of a case concerned with ways in which strategy & accounting interact in organisational settings. The cases usually involve a mix of strategic analysis and accounting calculation, both of which need to be attempted in advance in order to contribute effectively to the discussion. Some are based on past examination questions.
There will also be a one-hour revision session in term three, date and time to be announced later.
The lectures will follow the following themes:
- Strategy, Accounting and Management
- Accounting as support system to strategy
- From research to consultancy: Accounting and Strategy interplays
- Accounting knowledge and strategic practice
- Accounting strategizing and blurring boundaries
- Strategy, Accounting and the modern business world
- Strategy and Accounting Futures
The reading list for the 2010-2011 academic year includes:
There is no set text, since this is an emergent field, where articles and research papers carry the most important material. Selected readings will be distributed via the seminar pack and others will be handed out at lectures or/and referred to via my.wbs. A number of management accounting text books cover some of the techniques, but usually lack critical or strategy-based material. The following are some relevant texts which address key themes in the module
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