Module overview
The module is designed to provide an introduction to financial accounting, corporate finance and financial management of organisations. 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.
This module is not available to Students taking Modules: MANG1001, Financial Accounting 1, MANG1002, Management Accounting 1 or MANG1004, Introduction to Accounting and Financial Control.
Aims and Objectives
Learning Outcomes
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;
- appraise the role financial strategy within the business model of a firm.
- evaluate the competing theories on the roles of dividend policy and the debt-equity mix in the determination of firm value;
Knowledge and Understanding
Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:
- 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.
- the importance of capital structure and dividend policy decisions;
- 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;
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.
Type | Hours |
---|---|
Seminar | 10 |
Preparation for scheduled sessions | 30 |
Revision | 16 |
Wider reading or practice | 20 |
Completion of assessment task | 20 |
Follow-up work | 30 |
Lecture | 24 |
Total study time | 150 |
Resources & Reading list
Textbooks
Atrill, P. and McLaney, E. (2013). Financial Accounting for Decision Makers. FT Prentice Hall.
McLaney, E.. Business Finance: Theory and Practice. FT Prentice Hall.
Atrill, P. (2014). Financial Management for Decision Makers. FT Prentice Hall.
Atrill, P. and McLaney, E, (2017). Accounting and Finance for Non-Specialists. FT Prentice Hall.
Assessment
Formative
Formative assessment description
Problem solvingSummative
Summative assessment description
Method | Percentage contribution |
---|---|
Examination | 100% |
Referral
Referral assessment description
Method | Percentage contribution |
---|---|
Examination | 100% |
Repeat
Repeat assessment description
Method | Percentage contribution |
---|---|
Examination | 100% |
Repeat Information
Repeat type: Internal & External