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MN20485: Accounting and decision making for managers

Follow this link for further information on academic years Academic Year: 2018/9
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Intermediate (FHEQ level 5)
Further information on teaching periods Period:
Semester 2
Further information on unit assessment Assessment Summary: CW 25%, EX 75%
Further information on unit assessment Assessment Detail:
  • Coursework (CW 25% - Qualifying Mark: 35)
  • Examination (EX 75% - Qualifying Mark: 35)
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites 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
Further information on descriptions Description: 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.

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

(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.
Further information on programme availabilityProgramme availability:

MN20485 is Compulsory on the following programmes:

School of Management
  • UMMN-AYB06 : BSc(Hons) International Management with Year Abroad (Year 2)

MN20485 is Optional on the following programmes:

School of Management
  • UMMN-ANB01 : BSc(Hons) Business Administration with Thin sandwich placement(s) (Year 2)
  • UMMN-AFB04 : BSc(Hons) Management (Year 2)
  • UMMN-AKB04 : BSc(Hons) Management with Year long work placement (Year 2)
  • UMMN-AKB05 : BSc(Hons) Management with Marketing with Year long work placement (Year 2)
Department of Politics, Languages and International Studies
  • UXXX-AYB05 : BSc(Hons) International Management and Modern Languages (French) with Year Abroad (Year 2)
  • UXXX-AYB04 : BSc(Hons) International Management and Modern Languages (German) with Year Abroad (Year 2)
  • UXXX-AYB06 : BSc(Hons) International Management and Modern Languages (Spanish) with Year Abroad (Year 2)