Tionships. Advances in Management Accountin

National University of Singapore

Department of Finance and Accounting

ACC3602: Managerial Planning and Control

Semester I, 2013/2014

Tentative Outline

1. Information on Instructor

Instructor: Associate Professor Neale O’Connor

Prerequisite: ACC2002 Managerial Accounting

2. Course Description and Objectives

One of the primary functions of managerial accounting is control. Control is a closed loop consisting of

setting goals, measuring results and taking corrective actions if necessary. Firms exercise control by

planning for the long term and budgeting for the short term, monitoring various parts of an organization

to determine whether the organizational goals are being attained, and taking actions if necessary to

bring the organization back "in control." The course examines various means by which control can be

exercised and the types of accounting information that allow for such means of control. Specific topics

examined include the nature of control, responsibility centers, economic value added, transfer pricing,

strategic planning, budgeting, performance evaluation systems, executive compensation and the

contingency approach to planning and control.

The course is conducted by way of formal lectures and case discussions. The case approach is

adopted to give the students a sense of how control is exercised in the "real world."

By the end of this course, students should be able to:

1. Accomplish all the detailed learning objectives for each seminar (please refer to the learning

objectives that are listed in each seminar outline).

2. Explain the answers to all multiple choice questions and class exercises covered during the course.

3. Demonstrate teamwork and case study analysis skills.

4. Demonstrate the ability to think critically and creatively in order to analyze and solve problems.

5. Analyze the effect of various factors on management control problems in enterprises and effectively

communicate the results of their analysis....