Module overview
The module has been designed to provide you with a basic understanding of published financial statements and how such statements can be analysed, in order to draw inferences concerning the financial performance and viability of an organisation.
The module will also provide you with an appreciation of costing and budgeting techniques and their role in the wider context of organisational control systems.
Lastly, it will help you develop an understanding of the methods commonly used to evaluate capital expenditure proposals.
Aims and Objectives
Learning Outcomes
Subject Specific Intellectual and Research Skills
Having successfully completed this module you will be able to:
- develop and apply numeracy and critical analysis skills in relation to the analysis of financial data.
- critically analyse a set of published accounts;
Knowledge and Understanding
Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:
- the use of capital appraisal techniques.
- the operation of a budgetary control system, and the use of different approaches to costing;
- 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;
Transferable and Generic Skills
Having successfully completed this module you will be able to:
- Demonstrate self-management skills.
- Demonstrate skills in teamwork;
- Demonstrate skills in written communication;
Syllabus
- 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
Learning and Teaching
Teaching and learning methods
The module is taught by a mixture of self-study preparation, highlight lectures, group work and exercises in calculation.
Type | Hours |
---|---|
Teaching | 24 |
Independent Study | 126 |
Total study time | 150 |
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.
Assessment
Formative
This is how we’ll give you feedback as you are learning. It is not a formal test or exam.
Class discussions
- Assessment Type: Formative
- Feedback: Tutorial questions and in-class discussion (both individual and group) as well as bi-weekly 10 minutes test in the classroom.
- Final Assessment: No
- Group Work: No
Summative
This is how we’ll formally assess what you have learned in this module.
Method | Percentage contribution |
---|---|
Exam | 70% |
Group report | 30% |
Referral
This is how we’ll assess you if you don’t meet the criteria to pass this module.
Method | Percentage contribution |
---|---|
Exam | 100% |
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.
Method | Percentage contribution |
---|---|
Exam | 100% |
Repeat Information
Repeat type: Internal & External