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Advanced management accounting

Advanced management accounting concepts and techniques are organised around a focus on strategy to enable you contribute to an organisations’ successful navigation of mid-to long-term challenges. The module builds on Management accounting (B292) to extend your understanding of approaches such as: value chain analysis; strategic pricing; lean manufacturing; strategic issues for financing the firm; risk analysis; project appraisal techniques; performance appraisal and the balanced scorecard. You will be encouraged to take a critical approach to evaluating techniques and theories and equipped to apply them in case study settings.

Modules count towards OU qualifications

OU qualifications are modular in structure; the credits from this undergraduate module could count towards a certificate of higher education, diploma of higher education, foundation degree or honours degree.

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Module

Module code
B392
Credits

Credits

  • Credits measure the student workload required for the successful completion of a module or qualification.
  • One credit represents about 10 hours of study over the duration of the course.
  • You are awarded credits after you have successfully completed a module.
  • For example, if you study a 60-credit module and successfully pass it, you will be awarded 60 credits.
30
Study level

Across the UK, there are two parallel frameworks for higher education qualifications, the Framework for Higher Education Qualifications in England, Northern Ireland and Wales (FHEQ) and the Scottish Credit and Qualifications Framework (SCQF). These define a hierarchy of levels and describe the achievement expected at each level. The information provided shows how OU module levels correspond to these frameworks.

OU SCQF FHEQ
3 10 6
Study method
Distance Learning
Module cost
See Module registration
Entry requirements
See Am I ready?

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What you will study

The material has been organised to broadly reflect the process of implementing strategy. The module will help you to understand, apply and critically evaluate:

  • strategic frameworks as they apply to management accounting
  • techniques for making strategic decisions, including capital investment, pricing, and product/service selection
  • financing and risk management approaches
  • management accounting techniques to implement and control strategic decisions such as responsibility reporting, budgeting and performance evaluation

You will learn

Advanced management accounting offers those who study it a varied and interesting tool kit of theories, techniques and frameworks and the skills to apply them appropriately in organisations. It is an essential element of the professional accountant’s preparation.

You will learn:

  • about a range of management accounting techniques, their appropriate application and limitations
  • to apply them in case situations
  • spreadsheet design skills
  • to extend your skills to research information and to write reports
  • how to critically evaluate academic articles, management accounting techniques and strategic management accounting

Vocational relevance

This module is relevant for students wishing to pursue a career in accounting. It is a compulsory module in the BA (Hons) Business Management (Accounting) qualification. Completing the degree does not in itself mean that you are a qualified accountant. 

Outside the UK

Management accounting is internationally relevant as it is not specific to particular jurisdictions

Teaching and assessment

Assessment

The assessment details for this module can be found in the facts box above.

You must use the online eTMA system to submit your tutor-marked assignments (TMAs).

Future availability

Advanced management accounting starts once a year – in October. This page describes the module that will start in October 2018. We expect it to start for the last time in October 2021.

Regulations

As a student of The Open University, you should be aware of the content of the academic regulations which are available on our Essential Documents website.

    Course work includes:

    2 Tutor-marked assignments (TMAs)
    Examination
    No residential school

    Course satisfaction survey

    See the satisfaction survey results for this course.


    Entry requirements

    To take this module students must have completed Management accounting (B292) or equivalent studies at other institutions.

    If you have any doubt about the suitability of the module, please speak to an adviser.

    Preparatory work

    Revising Management accounting (B292) will assist in this module.

    Register

    Start End England fee Register
    06 Oct 2018 Jun 2019 £1464.00

    Registration closes 13/09/18 (places subject to availability)

    Register
    This module is expected to start for the last time in October 2021.

    Additional Costs

    Study costs

    There may be extra costs on top of the tuition fee, such as a laptop, travel to tutorials, set books and internet access.

    If you're on a low income you might be eligible for help with some of these costs after your module has started.

    Ways to pay for this module

    Open University Student Budget Account

    The Open University Student Budget Accounts Ltd (OUSBA) offers a convenient 'pay as you go' option to pay your OU fees, which is a secure, quick and easy way to pay. Please note that The Open University works exclusively with OUSBA and is not able to offer you credit facilities from any other provider. All credit is subject to status and proof that you can afford the repayments.

    You pay the OU through OUSBA in one of the following ways:

    • Register now, pay later – OUSBA pays your module fee direct to the OU. You then repay OUSBA interest-free and in full just before your module starts. 0% APR representative. This option could give you the extra time you may need to secure the funding to repay OUSBA.
    • Pay by instalments – OUSBA calculates your monthly fee and number of instalments based on the cost of the module you are studying. APR 5.1% representative.

    Joint loan applications

    If you feel you would be unable to obtain an OUSBA loan on your own due to credit history or affordability issues, OUSBA offers the option to apply for a joint loan application with a third party. For example, your husband, wife, partner, parent, sibling or friend. In such cases, OUSBA will be required to carry out additional affordability checks separately and/or collectively for both joint applicants who will be jointly and severally liable for loan repayments.

    As additional affordability checks are required when processing joint loan applications, unfortunately, an instant decision cannot be given. On average the processing time for a joint loan application is five working days from receipt of the required documentation.

    Read more about Open University Student Budget Accounts (OUSBA).  

    Employer sponsorship

    Studying with The Open University can boost your employability. OU courses are recognised and respected by employers for their excellence and the commitment they take to complete. They also value the skills that students learn and can apply in the workplace.

    More than one in ten OU students are sponsored by their employer, and over 30,000 employers have used the OU to develop staff so far. If the module you’ve chosen is geared towards your job or developing your career, you could approach your employer to see if they will sponsor you by paying some or all of the fees. 

    • Your employer just needs to complete a simple form to confirm how much they will be paying and we will invoice them.
    • You won’t need to get your employer to complete the form until after you’ve chosen your module.  

    Credit/debit card

    You can pay part or all of your tuition fees upfront with a debit or credit card when you register for each module. 

    We accept American Express, Maestro (UK only), Mastercard, Visa/Delta and Visa Electron. 

    Mixed payments

    We know that sometimes you may want to combine payment options. For example, you may wish to pay part of your tuition fee with a debit card and pay the remainder in instalments through an Open University Student Budget Account (OUSBA).


    For more information about combining payment options, speak to an adviser or book a call back at a time convenient to you.


    Please note: your permanent address/domicile will affect your fee status and therefore the fees you are charged and any financial support available to you. The fees and funding information provided here is valid for modules starting before 31 July 2019. Fees normally increase annually in line with inflation and the University's strategic approach to fees. 

    This information was provided on 15/08/2018.

    What's included

    Module texts include books for six units, the module guide, assessment booklet (online only) and additional questions in a workbook. A website with resources to support your learning is provided. Tutorials are conducted on-line and there is a face-to-face day school.

    You will need

    Spreadsheet software and a calculator, preferably a non-programmable scientific, are essential.

    Computing requirements

    A computing device with a browser and broadband internet access is required for this module.  Any modern browser will be suitable for most computer activities. Functionality may be limited on mobile devices.

    Any additional software will be provided, or is generally freely available. However, some activities may have more specific requirements. For this reason, you will need to be able to install and run additional software on a device that meets the requirements below.

    A desktop or laptop computer with either:

    • Windows 7 or higher
    • macOS 10.7 or higher

    The screen of the device must have a resolution of at least 1024 pixels horizontally and 768 pixels vertically.

    To participate in our online-discussion area you will need both a microphone and speakers/headphones. 

    Our Skills for OU study website has further information including computing skills for study, computer security, acquiring a computer and Microsoft software offers for students. 

    If you have a disability

    The OU strives to make all aspects of study accessible to everyone and this Accessibility Statement outlines what studying B392 involves. You should use this information to inform your study preparations and any discussions with us about how we can meet your needs.

    To find out more about what kind of support and adjustments might be available, contact us or visit our Overcoming barriers to study if you have a disability or health condition website.