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Acc221financial Control

This course covers financial control and related topics over 6 units. The course aims to help students examine cost drivers and analyze costs, outline frameworks for organizational control, and evaluate how technologies can enable effective data management. Key topics include measurement concepts, costing systems, overhead costs, supply chain management, business process improvement, governance, and systems controls. The textbook is Financial Planning, Performance and Analytics by Varun Jain and reference materials include a book on the same topic by Brian Hock and Lynn Roden.

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23 views

Acc221financial Control

This course covers financial control and related topics over 6 units. The course aims to help students examine cost drivers and analyze costs, outline frameworks for organizational control, and evaluate how technologies can enable effective data management. Key topics include measurement concepts, costing systems, overhead costs, supply chain management, business process improvement, governance, and systems controls. The textbook is Financial Planning, Performance and Analytics by Varun Jain and reference materials include a book on the same topic by Brian Hock and Lynn Roden.

Uploaded by

mxam hien
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ACC221:FINANCIAL CONTROL

L:3 T:2 P:0 Credits:5

Course Outcomes: Through this course students should be able to

CO1 :: examine drivers and analyze the cause-and-effect link between cost drivers and incurred
costs.

CO2 :: outline alternate frameworks for organizational control to ensure compliance

CO3 :: employ the implication of incessant enhancement in accomplishing operational proficiency


through enrichments in quality.
CO4 :: examine cost information for effective product pricing and cost management.

CO5 :: evaluate how internal controls are employed to effectively manage business resources and
mitigate risks.
CO6 :: evaluate the innumerable possibilities of connecting cutting-edge technologies for effective
business data management.

Unit I
Measurement concepts : cost behavior and cost objects, actual and normal costs, standard costs,
absorption (full) costing, variable (direct) costing, joint and by-product costing
Unit II
Costing systems : job order costing, process costing, activity based costing, life cycle costing,
operation costing, backflush costing
Unit III
Overhead costs : fixed and variable overhead expenses, plant wide versus departmental overhead,
determination of allocation base, allocation of service department costs
Supply chain management : lean manufacturing, enterprise resource planning (ERP), theory of
constraints and throughput costing, capacity management and analysis
Unit IV
Business process improvement : value chain analysis, value added concepts, process analysis,
activity based management, continuous improvement concepts, best practice analysis, cost of quality
analysis, efficient accounting processes
Governance, risk and compliance : internal control structure and management philosophy, internal
control policies for safeguarding and assurance, internal control risk, corporate governance, external
audit requirements
Unit V
Systems controls and security measures : general accounting system controls, application and
transaction controls, network controls, backup controls, business continuity planning
Unit VI
Technology and analytics : information systems, data governance, technology enabled finance
transformation, data analytics

Text Books:
1. FINANCIAL PLANNING, PERFORMANCE AND ANALYTICS by VARUN JAIN, MILES
PUBLICATIONS PRIVATE LIMITED
References:
1. FINANCIAL PLANNING, PERFORMANCE AND ANALYTICS by BRIAN HOCK AND LYNN
RODEN, HOCK INTERNATIONAL

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