School of Management, Unit Catalogue 2008/09 |
MN30170 Fundamentals of accounting and financial management |
| Credits: 6 |
| Level: Honours |
| Semester: 1 |
| Assessment: EX 100% |
| Requisites: |
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Aims: To provide a basic understanding of accounting and financial management.
Learning Outcomes: At the end of the course students will be able to: prepare a basic set of financial statements; apply certain basic techniques of financial analysis; understand the role of financial management in an organisation and have an awareness of capital structure and methods of financing; apply basic techniques used in cash management and investment appraisal and apply the use of costs in short term decision making. 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. Methods of company financing including equity and debt; cost of capital; net present value technique of investment appraisal and short term cash management. |