Seminar 1



Topic 1: Management Control Systems

The role of accounting is often stated to be providing information for decisions. Management accounting, however, fulfils a much broader role in organisations. As well as providing a framework for planning, management accounting has an important role in management control. This topic introduces the concept of management control and considers the role of management accounting within such a control framework. The design of management accounting systems is also considered.

  • Management Control Systems
  • Control Systems and Behaviour
  • Concepts of Control: The Control Framework
  • Accountants and Control Systems
  • Issues in Control Systems Design
  • Types of Control


Topic 2:  Lean Manufacturing and Quality Control

This topic introduces the traditional production management techniques and strategies.  The 5-P’s of production are specifically considered; i.e. the product, plant, process, program, and people.  The three traditional types of production; i.e. Job; Batch; and Flow production are also studied, and concepts such as quality and reliability are also introduced. Modern production management techniques originating from Japan, such as Flexible Manufacturing Systems (FMS); and Total Quality Management (TQM) are also considered.

  • Organisational Sub-Systems
  • Types of Production: An Overview
  • The Control of Quality and Reliability
  • Mini Case Study


Topic 3:  Cost Accounting and Cost Management in a Lean Environment

This topic continues to look at production management techniques and strategies, especially the more modern production philosophies originating from Japan, such as Just-In-Time production (JIT). The strategic management accounting issues raised by such philosophies and techniques and aspects of the influence of the philosophy on production and purchasing are also covered.

  • JIT Purchasing and Cost Accounting
  • JIT Production and Cost Accounting
  • Backflush Costing
  • Mini Case Study:


Topic 4: Life Cycle Costing Systems

This topic overviews the complexity that exists in modern industrial settings, and why the conventional management accounting techniques may provide misleading information in such environments.  It is shown that indirect costs make up the largest percentage of total costs in such complex firms, and that there are many challenges in allocating such indirect costs. Methods of identifying ‘obsolete’ cost systems and of improving cost control are also discussed. Whole of Life Costing, i.e. costing before, during and after manufacturing is considered within a complex and competitive industrial setting.

  • Complexity in Modern Industrial Settings
  • Yesterday’s Accounting in Today’s World
  • The Challenges Ahead Functions of Cost Systems
  • Identifying Obsolete Cost Systems
  • Re-engineering Scope: Methods to Improve Cost Control –Life Cycle and Target Costing