Module ECOS1141: ACCOUNTING AND FINANCE IN BUSINESS

Department: Business School (Economics and Finance) [Queen's Campus, Stockton]

ECOS1141: ACCOUNTING AND FINANCE IN BUSINESS

Tied To

• N201: Business and Management
• N202: Business and Management (with placement year) (see Undergraduate Handbook 2012-2013 for details)
• N203: Business and Management with Business Placement
• N205: Masters in Business and Management with Business Placement
• N207: Business and Management with Study Abroad
• N208: Masters in Business and Management with Study Abroad
• N500: Masters in Marketing
• N501: Marketing
• N502: Marketing (with placement year) (see Undergraduate Handbook 2012-2013 for details)
• N505: Marketing with Business Placement
• N506: Masters in Marketing with Business Placement
• N507: Marketing with Study Abroad
• N508: Masters in Marketing with Study Abroad
• NN12: Masters in Business and Management

Pre-requisites

Corequisites

Excluded Combinations

Aims

• To develop an understanding of the purpose and production of a wide range of financial reports, through study of the fundamentals of financial accounting and management accounting.
• To provide an introduction to financial management and sources of finance, thereby laying foundations for further study in the area.
• To promote development of a set of key skills.

Content

• The nature and role of accounting information, including its limitations
• The spectrum of users' information needs
• Presentation and interpretation of financial accounts
• Generation and interpretation of information for internal use within the organisation, for the purposes of cost control, budgeting and decision-making.
• The structure of the company, principles of corporate governance and the role of the financial manager
• Sources of funds, management of working capital and introductory investment appraisal.

Learning Outcomes

• By the end of the module students should
• Be able to demonstrate an appreciation of the role of accounting information, including its limitations
• Have an understanding of fundamental accounting principles
• Have an appreciation of the uses and value of accounting and financial information to the managers of an organisation.
• Have an appreciation of financial management and of the range of sources of finance available

• By the end of the module students should
• Be able to apply fundamental accounting principles and be able to prepare and interpret simple financial statements
• Be able to prepare and interpret a range of reports of use to financial managers of an organisation
• Be able to apply basic investment appraisal techniques

• Written communication and numeracy: through the examination.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

• Teaching is by lectures and seminars. Learning takes place through attendance at lectures, preparation for and participation in tutorial classes, and private study. Formative assessment is by means of an essay and multiple-choice tests. Summative assessment is by means of a written examination to test students' knowledge and understanding of the subject-matter.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment

Multiple choice tests and formative essay (1,000 - 1,200 words).