The aim of this module is to provide students with in-depth knowledge about the accounting and control systems businesses use for making managerial decisions. In particular, the module focuses on profit planning decisions and it gives students a thoughtful understanding of the functioning and range of financial controls managers use for making profit planning decisions, related to both the business as a whole and its segments. Students are expected to conduct a management project: they will prepare a business plan that takes into account strategic, marketing and financial aspects. The module also enables students to know how to use accounting and control tools to assess business performance, provide feedback and give recommendations for improvements aimed to create more socially responsible and sustainable businesses. As such, this module is core to the degree program, because it gives an introduction to three key areas: managerial decision making, performance management and organisational financial management.
This module appears in the following module collections.
Total contact hours: 32
Private study hours: 118
Total study hours: 150
Method of assessment
Main assessment methods:
In-Course Test (20%)
VLE MCQ (20%)
Individual report (3,000 words) (60%).
Seal, W. (2011) Management Accounting for business decisions, 1st edition. London: McGraw Hill.
Drury C. (2013) Management Accounting for business, 5th edition. London: Cengage Learning.
See the library reading list for this module (Canterbury)
- Demonstrate an in-depth knowledge of accounting and control systems that businesses use for making managerial decisions.
- Evaluate the function and range of financial controls managers use for making profit planning decisions.
- Develop a business plan that integrates strategic and marketing considerations with financial objectives and analysis.
- Use accounting and control tools to assess business performance, provide feedback and give recommendations for improvements.
- Understand the sources and availability of finance, set financial controls and make capital investment decisions.
- Use accounting and control tools for corporate social responsibility strategy implementation and sustainable business performance achievement.
The intended generic learning outcomes.
On successfully completing the module students will be able to:
- Demonstrate problem-solving abilities
- Demonstrate decision making skills
- Structure and critically analyse information from a variety of sources
- Write coherently and provide recommendations for making managerial decisions
- Plan work, manage time and study independently
Back to top
Credit level 5. Intermediate level module usually taken in Stage 2 of an undergraduate degree.
- ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
- The named convenor is the convenor for the current academic session.
University of Kent makes every effort to ensure that module information is accurate for the relevant academic session and to provide educational services as described. However, courses, services and other matters may be subject to change. Please read our full disclaimer.