| CODE | ACC5276 | |||||||||
| TITLE | Strategic Issues in Financial Control | |||||||||
| UM LEVEL | 05 - Postgraduate Modular Diploma or Degree Course | |||||||||
| MQF LEVEL | 7 | |||||||||
| ECTS CREDITS | 5 | |||||||||
| DEPARTMENT | Accountancy | |||||||||
| DESCRIPTION | Description: This study-unit seeks to familiarise participants with the concepts and skills that a user of financial information needs to be conversant with in order to be able to prepare the various reports that are required so as evaluate, and gain a meaningful insight into, the multi-faceted aspects of financial control. Students will be introduced to the application of management accounting techniques in situations where different strategic aspects of planning, decision-making and control are involved. They will also be introduced to the techniques used by firms to take strategic decisions with respect to long-term investments and to the firm’s capital structure as well as on the various stakeholders. The study-unit is intended for those students who do not have any prior accounting background. Topics covered: a) The scope and objectives of Management Accounting and Financial Strategy b) Cost-volume-profit analysis c) Relevant costs for decision-making d) Costing and pricing in a competitive environment e) Budgeting f) Budgetary control g) Making capital investment decisions h) The cost of capital and shareholder value analysis i) Developing a dividend policy j) The capital structure decision and its strategic implications Learning outcomes: By the end of this study-unit participants should have developed a sound appreciation of the different methodologies underlying the reports prepared by management accountants and the financial strategies of corporate entities. Besides recommending the appropriate financial strategy, they should also be able to deduce which type of financial information is appropriate for the particular strategy that is being contemplated by the entity. Reading List: Core Text: - Management Accounting for Decision Makers” 5th ed, Peter Atrill and Eddie McLaney, FT Prentice-Hall, 2007, ISBN 0273710443. - Corporate Finance and Investment, Decisions & Strategies”, Richard Pike and Bill Neale, FT Prentice-Hall, 2006, ISBN 0273695614 Additional Reading: - Management and Cost Accounting 7th ed, Colin Drury, South-Western Cengage Learning, ISBN 978-1-84480-566-2 - Costing 6th edition, Terry Lucey, Continuum - Corporate Financial Management 3rd edition, 2005, ISBN: 0-273-68726-3 Glen Arnold, FT Prenctice-Hall |
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| STUDY-UNIT TYPE | Lecture | |||||||||
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| LECTURER/S | Peter J. Baldacchino Amy Camilleri |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2025/6. It may be subject to change in subsequent years. |
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