Accounting and Control

Learning Outcomes

Knowledge and Understanding

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

• the framework of accounting – including underlying concepts and principles of accounting and the effect of different methods accounting measurement of asset valuation and profit determination;
• the operation of a budgetary control system, and the use of different approaches to costing;
• the use of capital appraisal techniques.

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• Demonstrate skills in written communication;
• Demonstrate self-management skills.
• Demonstrate skills in teamwork;

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• critically analyse a set of published accounts;
• develop and apply numeracy and critical analysis skills in relation to the analysis of financial data.

• The annual report, profit and loss account, balance sheet, cash flow statement and notes
• Interpretation of accounts, trend and ratio analysis
• Capital budgeting: a management perspective
• Management Accounting; Cost Classification
• Relevant Cost for Decision Making
• Cost-Product-Volume Analysis
• Budgeting, technical and behavioural considerations

Teaching and learning methods

The module is taught by a mixture of self-study preparation, highlight lectures, group work and exercises in calculation.

Resources & Reading list

Textbooks

Eddie McLaney and Peter Atrill (2022). Accounting and Finance for Non-specialists. Pearson.

Weetman P. (2019). Financial & Management Accounting: An Introduction. Pearson.

Formative

This is how we’ll give you feedback as you are learning. It is not a formal test or exam.

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.

Repeat Information

Repeat type: Internal & External