| Academic Year: | 2024/25 |
| 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: |
- In-class test (EXIC 30%)
- Final exam (EXCB 70%)
|
| 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
|
| Synopsis: | The unit provides a comprehensive overview of fundamental concepts and techniques in the realms of accounting and finance. This synopsis encapsulates the key elements covered within the unit:
- Exploration of the foundational conceptual and regulatory frameworks that form the basis of accounting practices.
- Examination of the differences between management and financial accounting, elucidating their unique roles and applications within the business context.
- In-depth analysis of a firm's investment and financing decisions, offering insights into the decision-making processes related to new investment appraisal.
- Investigation into the intricacies of the cost of capital and its pivotal role in shaping financial decision-making within a business setting.
- Exploration of the profound influence of capital structure on a firm's overall value, providing a nuanced understanding of the dynamic relationship between financial structures and corporate valuation.
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| Aims: | 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. You can 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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| Skills: | - 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.
|
| 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: |
MN12220 is Compulsory on the following courses:
School of Management
- 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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