Managerial Planning and Control
Gold Coast, Australia
Area of Study
Taught In English
Student must have successfully completed ACCT12-200 Cost Management Systems prior to undertaking ACCT13-304.
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4.5 - 6
Hours & Credits
The focus of this subject is on managing issues that are associated with strategy implementation and the effective use of management accounting information for planning and control decisions in business. Students will learn how different corporate and business strategies affect the choice and design of ongoing formal systems used to plan and control the firm's performance, and hence, affects the design of management accounting control systems. The approach adopted blends theory with practice to facilitate insight into the complex issues impacting the use and application of accounting information. Its goal is for students to develop skills in analysing planning control issues and problem-solving by the application of theory to different business situations. The subject links the more quantitative aspects of cost management and responsibility accounting with the more qualitative aspects of behaviour to highlight systems design and information use issues.
1. Our graduates are able to demonstrate knowledge of the standards, ethics and values underlying responsible business practices at a personal and organisational level in both the local and global context.
2. Our graduates are able to critically analyse management control systems, identify issues that affect the implementation of an organisation's strategy, and, if required, make recommendations for improvements to the system.
3. Our graduates are able to evaluate the performance of an organisation in relation to its strategic objectives.
4. Our graduates are able to demonstrate the ability to evaluate and integrate financial and non-financial measures, performance, systems and controls as components of strategic implementation mechanisms.
5. Our graduates are able to demonstrate knowledge of management accounting theories and technical management accounting skills, and integrate both in preparing appropriate management accounting and cost-related reports and calculations.
6. Our graduates are able to explain, discuss and elaborate on issues, and are able to justify and communicate advice and ideas to fellow graduates and instructor/s through oral and written communication.
7. Our graduates are able to work cooperatively and contribute to action learning opportunities.