|
 Academic Year:
| 2013/4 |
| Owning Department/School:
| School of Management |
| Credits:
| 6 |
| Level:
| Certificate (FHEQ level 4) |
| Period: |
Semester 1 Semester 2 |
| Assessment:
| CW 25%, EX 75% |
| Supplementary Assessment: |
Like-for-like reassessment (where allowed by programme regulations) |
| Requisites:
| In taking this unit you cannot take MN10008 or take MN10331 or take MN10476 |
| Description:
| Aims: The unit aims to enable students to: * Explain the conceptual and regulatory framework of accounting; * Apply double entry techniques to record transactions and prepare financial statements; * Apply interpretative techniques to published financial statements; * Estimate costs for planned activities; * Manage costs to make short-run decisions; * Identify relevant costs and make decisions with and without resource constraints. Learning Outcomes: On successful completion of this unit students will be able to: * Understand how accounting serves the purpose of developing and operating a business; * Prepare financial statements for limited liability companies; * Interpret financial and management accounting data in order to make decisions. Skills: * Financial data manipulation and interpretation; * Analytical and communication skills in relation to financial information. Content: * The framework of accounting - entities and financial reporting statements, international accounting standards, the nature and objectives of accounting, the conceptual framework of accounting, overviews of auditing, corporate governance and ethics. * Double-entry book-keeping - the accounting equation, the books of account, double entry, journals and the trial balance. * The preparation of limited liability company financial statements from a trial balance including adjustments for share capital, revaluations, depreciation, inventory provisions, accruals, prepayments, doubtful debts and so on. * The interpretation of financial statements - analysing performance, liquidity, solvency and investment returns. * Management accounting concepts - the nature and management of costs, marginal costs and decision-making, business planning and efficiency improvements * Estimating costs for planned activities : fixed and variable costs; direct and indirect costs; basic elements of product cost. * Managing costs - cost/volume/profit analysis, cost allocation, apportionment and absorption. * Decision making with and without constraints - relevant costs, limiting factors, make versus buy decisions and so on. |
| Programme availability: |
MN10248 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.
MN10248 is a Designated Essential Unit on the following programmes:Department of Chemistry
MN10248 is Compulsory on the following programmes:Department of Computer Science
MN10248 is Optional on the following programmes:Department of Chemistry
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