THIS COURSE IS A CONTINUATION OF MANAGEMENT ACCOUNTING I AND MANAGEMENT ACCOUNTING II. THE MAIN OBJECTIVE OF THIS SUBJECT IS TO DISCUSS CONTEMPORARY THEORIES AND PRACTICES OF MANAGEMENT ACCOUNTING. THE EMPHASIS WILL BE PLACED ON INTEGRATING THE IDEAS AND APPLYING THEM TO "REAL WORLD" SITUATIONS. THUS, THE POTENTIALS AND LIMITATIONS OF THE CONTEMPORARY MANAGEMENT ACCOUNTING TECHNIQUES ARE EXAMINED WITH A SPECIFIC EMPHASISE ON THE BEHAVIOURAL ASPECTS OF THE COST AND MANAGEMENT CONTROL SYSTEM.

OTHER TOPICS DISCUSSED IN THIS COURSE ARE STRATEGIC MANAGEMENT ACCOUNTING AND ALSO THE ISSUES PERTAINING TO MANAGEMENT CONTROL IN A DECENTRALISED ORGANISATION SUCH AS TRANSFER PRICING, AND PERFORMANCE APPRAISAL AND COMPENSATION. IN ADDITION, AN OVERVIEW OF THE IMPACT OF THE CHANGING BUSINESS ENVIRONMENT AND DEVELOPMENTS IN ADVANCED MANUFACTURING TECHNOLOGIES AND INFORMATION SYSTEM ON THE MANAGEMENT AND COST ACCOUNTING SYSTEM ARE ALSO DISCUSSED.