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 Academic Year: | 2016/7 |
| Owning Department/School: | School of Management |
| Credits: | 6 [equivalent to 12 CATS credits] |
| Notional Study Hours: | 120 |
| Level: | Intermediate (FHEQ level 5) |
| Period: |
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| Assessment Summary: | CW 25%, EX 75% |
| Assessment Detail: |
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| Supplementary Assessment: |
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| 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 |
| 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; * 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: * explain the role of financial statements in providing decision 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 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 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: * The purpose of financial statements * The role and process of the regulatory framework in the preparation of financial statements. * The analysis and interpretation of financial statements * Evaluation of the mechanisms of internal control and corporate governance. |
| Programme availability: |
MN20485 is Compulsory on the following programmes:School of Management
MN20485 is Optional on the following programmes:School of Management
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Notes:
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