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![]() | 2013/4 |
![]() | School of Management |
![]() | 6 |
![]() | Intermediate (FHEQ level 5) |
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Semester 2 |
![]() | CW 25%, EX 75% |
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Like-for-like reassessment (where allowed by programme regulations) |
![]() | Before taking this unit you must take MN10476 or take MN10331 or take MN10248 and in taking this unit you cannot take MN20018 or take MN20019 |
![]() | 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; * evaluate the role of good governance and sustainability issues 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: * discuss the demand and supply forces underlying the provision of company financial information according to international financial reporting standards and 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 and prepare basic budgets * understand the principles of working capital management and discuss the relative merits of various financing structures * appreciate the international context in which businesses are operating * improve technical, analytical and information research skills. Skills: Financial data manipulation and interpretation Analytical and communication skills in relation to financial information Accreditation for some professional exams 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 Content: (a) Financial planning and control Analysis and practical applications of a variety of management accounting and financial planning techniques, including: * Marginal costing and absorption costing * Relevant costs and decision making * Activity based costing * Modern manufacturing environment + other developments in costing * Standard costing * Budgeting Investment appraisal techniques (b) Reporting results in financial terms * Preparation of Income Statements, Balance Sheets, and Statements of Cash Flows in statutory form. * The role and process of the regulatory framework in accounting. * The development of international standards. * Evaluation of the mechanisms of internal control and corporate governance. |
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MN20485 is Compulsory on the following programmes:Department of Politics, Languages and International Studies
MN20485 is Optional on the following programmes:School of Management
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