MN12012: Introduction to accounting and finance
[Page last updated: 23 October 2023]
| Academic Year: | 2023/24 |
| Owning Department/School: | School of Management |
| Credits: | 10 [equivalent to 20 CATS credits] |
| Notional Study Hours: | 200 |
| Level: | Certificate (FHEQ level 4) |
| Period: |
- Academic Year
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| Assessment Summary: | EXCB 70%, EXIC 30% |
| Assessment Detail: |
- Mid-semester assessment 1 (EXIC 30%)
- Final examination (EXCB 70%)
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| Supplementary Assessment: |
- Like-for-like reassessment (where allowed by programme regulations)
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| Requisites: |
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| Learning Outcomes: |
- Obtain a good, basic, working knowledge of key areas in accounting and finance
- Identify key accounting/finance-related responsibilities, opportunities and issues for management
- Identify and scope accounting or finance questions/problems; and identify opportunities and viable responses
- Apply models, theories, and best practice, and undertake appropriate calculations and analysis, in response to accounting and finance scenarios/ problems/ questions.
- Describe, compare, contrast and evaluate alternative approaches to accounting and finance requirements/ problems/ questions
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| Synopsis: | Study the fundamental accounting and finance concepts and techniques. You'll explore the conceptual and regulatory framework of accounting and the differences between management and financial accounting. Develop your understanding of a firm's investment and financing decisions and appreciate the decision-making processes of new investment appraisal, cost of capital and the effect of capital structure on the firm's value.
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| Content: | Requirements and objectives for financial accounting information.
The journey from simple transactions to the principal financial accounting statements.
Financial statement analysis.
Management accounting and short-term decision making within the firm.
Capital investment decisions.
Sources of funding and cost of capital.
Capital structure.
Dividend policy.
Bond and equity analysis.
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| Course availability: |
MN12012 is Compulsory on the following courses:
School of Management
- UMMN-ANB12 : BSc(Hons) Business (Year 1)
- UMMN-AKB13 : BSc(Hons) International Management with year abroad (Year 1)
- UMMN-AFB14 : BSc(Hons) Management (Year 1)
- UMMN-AKB15 : BSc(Hons) Management with Marketing with work placement (Year 1)
- UMMN-AKB14 : BSc(Hons) Management with work placement (Year 1)
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Notes: - This unit catalogue is applicable for the 2023/24 academic year only. Students continuing their studies into 2024/25 and beyond should not assume that this unit will be available in future years in the format displayed here for 2023/24.
- Courses and units are subject to change in accordance with normal University procedures.
- Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
- Find out more about these and other important University terms and conditions here.
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