The University of Southampton
Courses

MANG2014 Accounting and Finance for Non-Specialists

Module Overview

The module is designed to provide an introduction to financial accounting, corporate finance and financial management of organisations. It aims to introduce you to the nature of financial statements and how to interpret them, to the nature and sources of finance available to businesses, and to elements of corporate finance and financial management. This module is intended for students from any academic discipline who have an interest in accounting and finance as an adjunct to their principle area of study.

Aims and Objectives

Module Aims

The module aims to introduce you to the nature of financial statements and how to interpret them, to the nature and sources of finance available to businesses, and to elements of corporate finance and financial management.

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

  • The assumptions underlying the preparation, interpretation and analysis of the Income Statement, Balance Sheet and Cash Flow Statement.
  • The purpose, limitations, layout and presentation of financial statements.
  • The importance of capital structure and dividend policy decisions.
  • Cost analysis in the context of short and long term decision making and the use of discounted cash flow analysis.
  • Financial strategy including capital structure, dividend policy and corporate governance of firms.
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • Understand the role of accounting information in the collection, collation, decision making and analysis of business performance.
  • Evaluate the processes by which the value of both real and financial assets can be estimated.
  • Evaluate the competing theories on the roles of dividend policy and the debt-equity mix in the determination of firm value.
  • Appraise the role financial strategy within the business model of a firm.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • Benefit from improved skills in learning, problem solving, numeracy, written communication and self management.

Syllabus

Business Environment; Forms of business organisation; Introduction to accounting: information systems, the use of the Accounting Equation.; Accounting conventions and their use in the preparation of financial statements; Accruals, Prepayments and Depreciation The analysis and interpretation of financial statements using ratios; Financial planning and control. Dividend Payout policy and Capital Structure.; The valuation and appraisal of real and financial assets using DCF techniques and short term appraisal techniques including identification of relevant costs and discussion of other costing basis (direct, absorption; fixed and variable); Stock Exchange, Venture Capital and Initial Public Offerings, Merger and Acquisitions; Financial strategy and Corporate Governance. Risk and return, cost of capital, agency theory.

Learning and Teaching

Teaching and learning methods

Lectures, weekly classes and 6-7 hours of private study per week, including reading, use of websites and working computational problems.

TypeHours
Lecture22
Tutorial12
Completion of assessment task20
Preparation for scheduled sessions30
Revision16
Follow-up work30
Wider reading or practice20
Total study time150

Resources & Reading list

Brounen, D, Jong Abe de and Koedijk, K (2006). Capital structure policies in Europe: Survey evidence. Journal of Banking & Finance. ,30 , pp. 1409-1442.

Atrill, P. and McLaney, E (2013). Accounting and Finance for Non-specialists. 

Atrill, P. (2011). Financial Management for Decision Makers. 

McLaney, E. (2011). Business Finance: Theory and Practice. 

Watson, D. and Head, A. (2010). Corporate Finance: Principles and Practice. 

Gowthorpe, C. (2011). Business Accounting and Finance. 

Trigeorgis, L. (2005). 'Making use of real Options simple: An overview and applications in flexible modular decision making. The Engineering Economist. ,50 , pp. 25 – 53.

Assessment

Formative

Set exercises - non-exam

Summative

MethodPercentage contribution
Examination  (3 hours) 90%
Multiple choice Test 10%

Repeat

MethodPercentage contribution
Examination  (3 hours) 100%

Referral

MethodPercentage contribution
Examination 100%

Repeat Information

Repeat type: Internal & External

Linked modules

Pre-requisites

To study this module, you will need to have studied the following module(s):

CodeModule
MANG1002Management Accounting 1
MANG1001Financial Accounting 1
MANG1004Introduction to Accounting and Financial Control

Costs

Costs associated with this module

Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.

In addition to this, students registered for this module typically also have to pay for:

Textbooks

Recommended texts for this module may be available in limited supply in the University Library and students may wish to purchase the core/ recommended text as appropriate.

Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at www.calendar.soton.ac.uk.

Share this module Facebook Google+ Twitter Weibo

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×