| CODE | ACC2015 | |||||||||
| TITLE | Budgetary Planning and Control and the Public Sector | |||||||||
| UM LEVEL | 02 - Years 2, 3 in Modular Undergraduate Course | |||||||||
| MQF LEVEL | 5 | |||||||||
| ECTS CREDITS | 4 | |||||||||
| DEPARTMENT | Accountancy | |||||||||
| DESCRIPTION | This study-unit will address the concepts of budgetary control in the context of the private sector and the public sector. Appropriate quantitative techniques will be examined as an aid forecasting and decision making. Students will be shown how to interpret budgets and standard costs, and how to apply management accounting techniques to inform the process of short term decision making. Study-unit Aims: The aim of this study-unit is to provide students reading for the BA (Hons) Public Sector Accounting with an understanding of the preparation of budgets and the importance of budgetary control, with particular reference to the application in the Public Sector. Learning Outcomes: 1. Knowledge & Understanding By the end of the study-unit the student will be able to: - Explain the meaning and importance of budgetary control and identify the elements making up an effective control system; - Identify key features of budgetary control in a range of public and private sector organisations; - Critically appraise the budget preparation process, including the preparation of output and performance budgets, and the process of budgetary control within the organisation; - Explain and apply the technique of cost volume profit (CVP) analysis; - Explain and apply relevant cost principles to short-term decisions; - Describe and apply the requirements of IPSAS 24 "Presentation of Budget 福利在线免费 in Financial Statements". 2. Skills By the end of the study-unit the student will be able to: - Explain and apply mathematical and statistical techniques to aid forecasting and decision-making; - Prepare and interpret Capital and Revenue budgets for a range of public and private sector organisations. Main Text/s and any supplementary readings: - Atrill and McLaney. (2008), Management Accounting for Decision Makers (6th Edition), Prentice Hall. (subject to update) - Jones Michael. (2006), Management Accounting, John Wiley & Sons Ltd. (subject to update) - Jan van Helden and Ron Hodges (2015) Public Sector Accounting and Budgeting for Non-Specialists, Palgrave Macmillan. |
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| ADDITIONAL NOTES | Pre-requisite Study-unit: ACC1812 This study-unit is only offered to students following the BA (Hons) Public Sector Accounting |
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| STUDY-UNIT TYPE | Lecture | |||||||||
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| LECTURER/S | Paulanne Mamo |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2025/6. It may be subject to change in subsequent years. |
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