- Student Records
Programme & Unit Catalogues


MN20485: Accounting and decision making for managers

Follow this link for further information on academic years Academic Year: 2019/0
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Intermediate (FHEQ level 5)
Further information on teaching periods Period:
Semester 2
Further information on unit assessment Assessment Summary: CW 25%, EX 75%
Further information on unit assessment Assessment Detail:
  • Coursework (CW 25% - Qualifying Mark: 35)
  • Examination (EX 75% - Qualifying Mark: 35)
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites: Before taking this module you must take MN10476 OR take MN10331 OR take MN10566
In taking this module you cannot take MN20018 OR take MN20019
Further information on descriptions Description: Aims:
The unit aims to enable students to:
* Understand financial statements and their place in decision-making
* Use basic techniques of financial statement analysis
* Understand the various roles that accounting information plays within organisations
* Identify relevant information for decision-making purpose
* Explain the role of budgets and standard costing within organisations.
* Prepare and interpret budgets, standard costs and variance statements.

Learning Outcomes:
On completion of this module students should be able to:
* Explain the role of financial statements in providing useful information to users
* Evaluate the usefulness of published sources of financial information
* Carry out financial statement analysis and evaluate its usefulness
* Discuss the accounting information needs of managers and the use of budgeting within an organisation
* Identify relevant information for internal decision-making
* Compute and evaluate basic budgets
* Improve technical, analytical and information research skills.

Skills:
Financial data manipulation and interpretation
Analytical and communication skills in relation to financial information
Use appropriate financial analysis and computational techniques to compute financial information which is useful in a management accounting context
Identifying financial information and analytical techniques relevant to a particular purpose
Interpreting the results of analysis in a manner pertinent to a specified problem/objective
Construction of relevant costing, financial analysis and budget statements in a format suitable for general readership
Transferable/Key Skills
Applying a range of quantitative analysis techniques in a variety of business environments
Critical skills in the application of techniques and the interpretation of results

Content:
(a) Financial planning and control Analysis and practical applications of a variety of management accounting and financial planning techniques, including
* Activity based costing and absorption costing
* Pricing
* Relevant costs and decision making
* Standard costing
* Budgeting
* Variance Analysis.
(b) Reporting results in financial terms
* The purpose of financial statements
* The analysis and interpretation of financial statements.
* The role and process of the regulatory framework in the preparation of financial statements.
Further information on programme availabilityProgramme availability:

MN20485 is Compulsory on the following programmes:

School of Management
  • UMMN-AYB06 : BSc(Hons) International Management with Year Abroad (Year 2)

MN20485 is Optional on the following programmes:

School of Management
  • UMMN-ANB01 : BSc(Hons) Business Administration with Thin sandwich placement(s) (Year 2)
  • UMMN-AFB04 : BSc(Hons) Management (Year 2)
  • UMMN-AKB04 : BSc(Hons) Management with Year long work placement (Year 2)
  • UMMN-AKB05 : BSc(Hons) Management with Marketing with Year long work placement (Year 2)
Department of Politics, Languages and International Studies
  • UXXX-AYB05 : BSc(Hons) International Management and Modern Languages (French) with Year Abroad (Year 2)
  • UXXX-AYB04 : BSc(Hons) International Management and Modern Languages (German) with Year Abroad (Year 2)
  • UXXX-AYB06 : BSc(Hons) International Management and Modern Languages (Spanish) with Year Abroad (Year 2)

Notes: