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

Resources & Reading list

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

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

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

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. (2011). Financial Management for Decision Makers. 

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.

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

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%
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