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Academic Year: | 2012/3 |
Owning Department/School: | School of Management |
Credits: | 6 |
Level: | Honours (FHEQ level 6) |
Period: |
Semester 1 |
Assessment: | CW 20%, EX 80% |
Supplementary Assessment: | Like-for-like reassessment (where allowed by programme regulations) |
Requisites: | |
Description: | Aims: The objectives of this module are to give students: * A framework to allow understanding of the structure and contents of the key financial statements of business organisations; * An understanding of the basic principles of financial accounting; * An understanding of the basic techniques of preparation of such statements; * The ability to analyse firm performance and position using financial ratios; * An understanding of basic costing techniques in order to facilitate managerial decision making; * Comprehension of the role and structure of budgets in an organisation; * The ability to apply various investment appraisal techniques in order to make capital investment decisions. Learning Outcomes: By the end of the module students will be able to: * explain the nature and roles of accounting and finance; * identify the main users of accounting and discuss their needs; * distinguish between financial and management accounting; * explain the nature and purpose of the three major financial statements; * prepare simple balance sheets, cashflow statements and profit and loss accounts from relevant financial information; * use ratios to analyse the financial performance and position of a business; * explain the relationship between costs, volume and profit and conduct break-even analysis; * deduce the full cost of a unit of output in a single-product environment; * define a budget and show how budgets, corporate objectives and long-term plans are related; * construct simple budgets from relevant information; and identify and apply the four main investment appraisal methods used in practice. Skills: 1. A level of numeracy which will enable fairly basic mathematical calculations in the context of preparing and using accounting and financial information - T&A 2. A generally well directed approach to the analysis and interpretation of information - F Content: The accounting process; the format and content of a profit and loss account, balance sheet and cash flow statements; techniques of financial analysis; fixed and variable costs; break even and contribution analysis; full costing; budgeting; capital investment appraisal. |
Programme availability: |
MN30170 is Compulsory on the following programmes:School of Management
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