Essay About Long-Run And Recent Methods Of Performance Analysis

Bs 1704 Management Accounting Course Guide
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MSc Economics and Strategy for BusinessBS1704 Management AccountingThis is a cutting-edge course on some of the latest thinking and tools to address modern management accounting issues. Modern management accounting comprises techniques for the measurement, analysis, and improvement of firm performance in four general areas:Financial performanceProcess performanceCustomer performanceInnovation performanceThis module will cover traditional and recent methods of performance analysis in all four areas, with due attention given to relationships with other Core ESB programme modules such as BS1703 (Economics and Strategy for Innovation), BS1705 (Strategic Marketing), and BS1707 (Corporate Finance).By the end of the module, as skill objectives, students will have learned methods to:Conduct internal and external analyses of financial performance.Make improved long-run and short-run process decisions.Analyse and strategize on customer base segments.Conceptualize and understand innovation and learning in an enterprise.Additionally, as learning outcomes, students will have developed:Critical thinking skills in the evaluation and application of different performance analysis methods to an enterprise.Ability to synthesize and modify existing methods and metrics to suit new performance analysis needs and contexts.Students should be familiar with financial accounting (via the Business School’s online Accounting Primer) and Microsoft Excel.Course content will be organized and covered as below. SessionTitleHour-Long Topical LecturesCoursework / ActivitiesReading / References1Introduction and Fundamental Financial Accounting PrinciplesThe Four Areas of Firm Performance and the “Balanced Scorecard”The Income StatementJones Ch. 2, Ch. 42Fundamental Financial Accounting Principles (Continued)The Balance SheetJones Ch. 5, Ch. 63Financial Performance – ExternalWorking Capital AnalysisCoursework DiscussionJones Ch. 94Financial Performance – ExternalRatio AnalysisCoursework TopicJones Ch. 95Process PerformanceThe Bullwhip EffectThe Beer Game Simulation / Coursework TopicSeal Ch. 5Goldratt6Financial Performance – InternalVariance AnalysisSeal Ch. 12, Ch. 137Financial Performance – InternalActivity-Based CostingSeal Ch. 6, Ch. 7, Ch. 88Customer PerformancePricingCustomer AnalyticsNotes in lectures9Innovation PerformanceLatest Thinking and Research on Innovation and LearningSummary of ModuleRogers10Review and OverflowExam Sample Questions