IB9RT-15 Management Information and Responsible Decision Making
Introductory description
The aim of this module is to develop your understanding of the use of management accounting to facilitate responsible decision making to meet the needs of business organisations in the 21st century. For a sustainable business this means that the decision-making process must consider shareholders, society and the environment as a way of promoting a sustainability focussed organisation.
Module aims
This module will further your ability to apply, analyse, discuss and critically evaluate management accounting, management control and performance management techniques all in the context of making more responsible decisions for the good of Profit, People and Planet.
Outline syllabus
This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.
The impact of Sustainable Business on management accounting
Sustainable Business and developments in management accounting
Environmental management accounting
Strategic forecasting and risk management in an uncertain world
Strategic management accounting and strategic cost management for sustainable business
Short and long-term decision-making techniques for responsible decisions
Performance measurement and management for sustainable business
Learning outcomes
By the end of the module, students should be able to:
- Analyse case material to understand the application of management accounting techniques
- Evaluate the benefits of sustainability focussed management accounting and strategic management accounting relative to traditional management accounting
- Critically evaluate alternative management accounting tools and techniques used in organisational and environmental settings
- Critically evaluate the use of accounting information for responsible decision making and strategic management within business organisations.
Indicative reading list
Ette, D. (2015) Responsible management accounting and controlling: a practical handbook for sustainability, responsibility, and ethics (the Principles of responsible management education collection) 1st edition: Business Expert Press
Atrill, P. and McLaney, E. (2021) Management Accounting For Decision Makers (10th edition) Harlow: Pearson
Subject specific skills
Select and use appropriate management accounting tools and techniques to solve problems of a management control/performance measurement nature within organisational and environmental contexts
Transferable skills
Apply analytic, problem solving, decision-making and group work skills
Study time
| Type | Required |
|---|---|
| Lectures | 10 sessions of 1 hour (7%) |
| Online learning (independent) | 10 sessions of 1 hour (7%) |
| Other activity | 9 hours (6%) |
| Private study | 50 hours (33%) |
| Assessment | 71 hours (47%) |
| Total | 150 hours |
Private study description
Private study to include preparation for lectures
Other activity description
9 x 1 hr workshops
Costs
No further costs have been identified for this module.
You do not need to pass all assessment components to pass the module.
Assessment group A
| Weighting | Study time | Eligible for self-certification | |
|---|---|---|---|
Assessment component |
|||
| Individual report | 70% | 50 hours | Yes (extension) |
|
Individual report (2,500 words) |
|||
Reassessment component is the same |
|||
Assessment component |
|||
| Group presentation (15 mins) | 20% | 14 hours | Yes (extension) |
Reassessment component |
|||
| Individual Assignment | Yes (extension) | ||
Assessment component |
|||
| Participation | 10% | 7 hours | Yes (extension) |
Reassessment component is the same |
|||
Feedback on assessment
via my.wbs
There is currently no information about the courses for which this module is core or optional.