|
 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:
| In taking this unit you cannot take MN30170. This unit is only available to postgraduate students. |
| Description:
| Aims: The aims of this unit 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 unit 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: |
MN30505 is a Generally Available Unit which is available to all students of the University (subject to the usual constraints) to take either as a Director of Studies approved option within their programme of study or as an 'extra' unit which does not count towards a final award.
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