MN52090: Financial and management accounting
[Page last updated: 23 October 2023]
| Academic Year: | 2023/24 |
| Owning Department/School: | School of Management |
| Credits: | 20 [equivalent to 40 CATS credits] |
| Notional Study Hours: | 400 |
| Level: | Masters UG & PG (FHEQ level 7) |
| Period: |
- Academic Year
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| Assessment Summary: | CWOG 10%, CWRG 40%, EXIC 50% |
| Assessment Detail: |
- Financial Accounting Exam (EXIC 25%)
- Management Accounting Exam (EXIC 25%)
- Case Study (CWRG 40%)
- Group presentation (CWOG 10%)
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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: |
By the end of the unit, you will be able to:
- Explain the role of financial accounting as an information source for external users and preparers of financial statements.
- Explain the objectives of financial statements and critically evaluate their limitations.
- Prepare financial statements for listed enterprises and their groups in accordance with the requirements of International Financial Reporting Standards.
- Explain and apply the requirements of a range of International Financial Reporting Standards and critically evaluate those requirements.
- Analyse and interpret the financial statements.
- Use appropriate management accounting information and techniques in a range of decision-making scenarios and to interpret the results.
- Evaluate a number of budgetary control techniques and to compute, analyse and interpret budgetary information.
- Apply standard costing and variance analysis techniques.
- Critically appraise methods and techniques of costing and value creation; assess the implications of their use and the circumstances in which each technique is most applicable.
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| Synopsis: | Get a comprehensive overview of accounting theory and practice. You will develop your understanding of:
- financial reporting practice
- the strategic and conceptual issues associated with management accounting techniques
- the role of accounting information in capital markets
- how to prepare financial statements in accordance with International Financial Reporting Standards requirements
- how to use management accounting information for decision making and performance measurement
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| Content: | Key elements to be included:
- Objectives of Financial Statements
- Preparation of financial Statements
- Relevant IFRS requirements
- Financial Statement Analysis
- Cost management and cost assignment
- Performance measurement and control
- Budgeting
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| Course availability: |
MN52090 is Compulsory on the following courses:
School of Management
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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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