AERD30050 Financial Planning and Control

Academic Year 2021/2022

Background and relevance of financial planning and control to food and agribusiness management, the respective roles of financial and managerial accounting are distinguished, costs are defined and systems of cost classification are presented. Issues in accounting for materials, labour and overhead expenditure for the purposes of decision making and for management control. Approaches to costing including variable (marginal) costing, costs for pricing purposes, joint product costing and concepts of waste and scrap are presented. Other main topics include: cost-volume-profit analysis, capital investment analysis, and activity based costing. The module is completed with discussion of the budgetary control process.

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Curricular information is subject to change

Learning Outcomes:

On completion of this module students should be able to: Explain how management accounting differs from financial accounting Outline and explain bases for classifying costs and revenues and systems of accounting for materials, labour and overhead Explain the principles and use the methods of cost-volume-profit analysis and of investment analysis Describe budgetary control systems and construct simple departmental and functional budgets Discuss the strengths and limitations of traditional and more modern costing and managerial accounting methods Outline the information needs of business managers and discuss behavioural and other issues in designing and specifying management information systems.

Student Effort Hours: 
Student Effort Type Hours
Specified Learning Activities

15

Autonomous Student Learning

60

Lectures

30

Total

105

Approaches to Teaching and Learning:
The approach will involve a mixture of active/task-based learning together with online lectures and tutorials. 
Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Co-requisite:
AERD20030 - Business Management

Equivalents:
Financial Planning and Control (AERD37050)


 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Continuous Assessment: Assessments and/or exams (approx. 2 - 3) to be held throughout the trimester. Varies over the Trimester n/a Graded No

25

Examination: Final written examination at the end of the trimester 2 hour End of Trimester Exam No Graded No

75


Carry forward of passed components
Yes
 
Resit In Terminal Exam
Spring Yes - 2 Hour
Please see Student Jargon Buster for more information about remediation types and timing. 
Feedback Strategy/Strategies

• Group/class feedback, post-assessment

How will my Feedback be Delivered?

Continuous Assessment - Group feedback available post assessment with individual feedback provided by request only. Final Examination - Individual feedback provided by request only

Timetabling information is displayed only for guidance purposes, relates to the current Academic Year only and is subject to change.
 
Autumn
     
Lecture Offering 1 Week(s) - 1, 2, 3, 4, 5, 6, 7, 9, 10, 11, 12 Mon 11:00 - 11:50
Lecture Offering 1 Week(s) - Autumn: All Weeks Tues 10:00 - 10:50
Lecture Offering 1 Week(s) - Autumn: All Weeks Tues 13:00 - 13:50
Autumn