Module overview
Accounting based reporting systems can provide powerful inputs into corporate decision making processes. The overall aim of this module is to provide an understanding of the processes and assumptions underlying the generation of accounting data and an appreciation of the techniques available to utilise the outputs of an accounting system. These issues will be examined in the context of internal and external decision makers.
Aims and Objectives
Learning Outcomes
Transferable and Generic Skills
Having successfully completed this module you will be able to:
- Interpret and analyse quantitative data related to business issues, using appropriate financial and/or statistical skills and models to solve problems.
- Manage individual tasks, personal resources and time effectively;
- Write effectively for business purposes;
Subject Specific Intellectual and Research Skills
Having successfully completed this module you will be able to:
- Use appropriate quantitative, qualitative data, financial and non-financial data and techniques to make appropriate management decisions.
- Interpret financial statements and show how a business measures and manages it performance;
- Identify, analyse and interpret quantitative and qualitative data in an appropriate way;
Knowledge and Understanding
Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:
- Combining financial and non-financial data in evaluating managerial and corporate performance.
- The purpose, underlying assumptions and limitations of key corporate financial reporting documents including the income statement, balance sheet and cash flow statement;
- The processes involved in adapting financial reporting practices to a multinational setting;
- Budgeting and costing systems as a means of encouraging and evaluating managers’ actions;
Syllabus
- The form of financial reporting – balance sheet, income statement and cash flow statements
- Issues in preparing financial reports – measurement and recognition with particular reference to knowledge based assets and other intangibles, economic su
Learning and Teaching
Teaching and learning methods
Teaching methods include
- Lectures
- Informal group work sessions
- Presentations
- Student led mini-debates.
Learning activities include
- Exercises on interpretation of financial reports and costing analysis
- Evaluation of live company using accounting and non-accounting data sources, requiring preparation of report and presentation
- Private study – directed reading and analytical activities
Type | Hours |
---|---|
Independent Study | 70 |
Teaching | 30 |
Total study time | 100 |
Resources & Reading list
Textbooks
Atrill, P and McLaney, E (2016). Financial Accounting for Decision Makers. Pearson.
Jones, M.J (Ed) (2011). Creative Accounting, Fraud and International Accounting Scandals. Wiley.
Merchant K.A. and Van der Stede W.A. (2017). Management Control System – Performance Measurement, Evaluation and Incentives. Prentice Hall.
Thomas, R.M. (2015). Business Ethics and Corporate Social Responsibility: Cambridge- Gourlay- Trinity Lectures. Ethics International Press.
Nobes, C. and Parker, R. (2006). The Penguin Dictionary of Accounting. Penguin.
Nobes, C. and Parker, R. (2016). Comparative International Accounting. Pearson.
Atrill, P and McLaney, E (2015). Management Accounting for Decision Makers. Pearson.
Drury, C. (2015). Management and Cost Accounting. Cengage Learning.
Weetman, P. (2016). Financial & Management Accounting. Pearson.
Assessment
Formative
This is how we’ll give you feedback as you are learning. It is not a formal test or exam.
In-class formative opportunitiesSummative
This is how we’ll formally assess what you have learned in this module.
Method | Percentage contribution |
---|---|
Examination | 100% |
Referral
This is how we’ll assess you if you don’t meet the criteria to pass this module.
Method | Percentage contribution |
---|---|
Examination | 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 |
---|---|
Examination | 100% |
Repeat Information
Repeat type: Internal & External