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MN30505: Fundamentals of accounting and financial management for non-specialists

Follow this link for further information on academic years Academic Year: 2012/3
Follow this link for further information on owning departmentsOwning Department/School: School of Management
Follow this link for further information on credits Credits: 6
Follow this link for further information on unit levels Level: Honours (FHEQ level 6)
Follow this link for further information on period slots Period: Semester 1
Follow this link for further information on unit assessment Assessment: CW 20%, EX 80%
Follow this link for further information on supplementary assessment Supplementary Assessment: Like-for-like reassessment (where allowed by programme regulations)
Follow this link for further information on unit rules Requisites: In taking this unit you cannot take MN30170. This unit is only available to postgraduate students.
Follow this link for further information on unit content 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.

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

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.
Follow this link for further information on programme availabilityProgramme 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.

  • UXXX-AFN99 : Generally available catalogue - No specified year

* This unit catalogue is applicable for the 2012/13 academic year only. Students continuing their studies into 2013/14 and beyond should not assume that this unit will be available in future years in the format displayed here for 2012/13.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.