MN20485: Accounting and decision making for managers
[Page last updated: 05 August 2021]
| Academic Year: | 2021/2 |
| Owning Department/School: | School of Management |
| Credits: | 6 [equivalent to 12 CATS credits] |
| Notional Study Hours: | 120 |
| Level: | Intermediate (FHEQ level 5) |
| Period: |
|
| Assessment Summary: | CW 40%, EX 60% |
| Assessment Detail: |
|
| Supplementary Assessment: |
|
| 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 |
| 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. |
| Programme availability: |
MN20485 is Compulsory on the following programmes:School of Management
MN20485 is Optional on the following programmes:School of Management
|
Notes:
|