Accounting for Corporate Performance and Accountability

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

• Different approaches to measure corporate performance.
• The key concepts and theories in corporate governance and the development of major corporate governance initiatives;
• Corporate, social and environmental reporting and relevant theories;

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• Develop skills in communication, problem solving, and critical thinking.
• Search and analyse information from different sources;

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• Critically evaluate the available measurement methods of corporate performance.
• Identify and critically assess corporate governance problems and mechanisms;

• Theories and concepts of corporate governance and accountability .
• Major mechanisms of corporate governance, such as board of directors, executive incentives and compensation; shareholder activism, auditing; market for corporate control.
• Alternative conventions of income measurement and valuation.
• Latest developments and future directions in corporate governance and accountability such as research on corporate governance effectiveness, social and environment accounting, integrated reporting, global reporting initiative.
• Theories of management accounting and control.
• Role and effectiveness of budgeting and the process of budgeting.
• Divisional performance evaluation and financial measures.
• Management accounting and strategy: contemporary practices and approaches.
• Performance management frameworks e.g. Balanced Scorecard and the quantification of organisational goals, identification of perspectives and corresponding metrics.

Teaching and learning methods

The module comprises a series of block taught sessions which combine with student led presentations. The presentations are based on academic papers and are organised in groups.

Resources & Reading list

Textbooks

Peter Atrill and Eddie McLaney. Management Accounting for Decision Makers. Prentice Hall.

Christopher Nobes. The Penguin Dictionary of Accounting. Penguin - www.penguincatalogue.co.uk/download.fullHtmlCatalogue?catalogueId=13.

Steen Thomsen and Martin Conyon. Corporate Governance: Mechanisms and Systems. McGraw-Hill Higher Education.

Jill Solomon. Corporate Governance and Accountability. John Wiley & Sons.

Krishna G Palepu, Paul, M. Healy and Erik Peek. Business Analysis and Valuation IFRS edition. Cengage Learning.

Merchant K. A. and Van der Stede W. A.. Management Control System - Performance Measurement, Evaluation and Incentives. Prentice Hall.

Trevor Hopper, Deryl Northcott and Robert Scapens. Issues in Management Accounting. Prentice Hall.

Formative

This is how we’ll give you feedback as you are learning. It is not a formal test or exam.

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.

Repeat Information

Repeat type: Internal & External