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Advanced management accounting

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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.

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

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.

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
  • Mac OS X 10.7 or higher

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

To join in the spoken conversation in our online rooms we recommend a headset (headphones or earphones with an integrated microphone).

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.

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).

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.

Future availability

Advanced management accounting starts once a year – in October. This page describes the module that will start in October 2019. We expect it to start for the last time in October 2021.

Course work includes:

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


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