This is an archived handbook for a previous year. The current undergraduate and postgraduate handbooks can be viewed using the links above.

Undergraduate Handbook 2017-2018 (archived)

Module BUSI1161: Financial Information for Managers

Department: Business School (Business)

BUSI1161: Financial Information for Managers

Type	Level	Credits	Availability	Module Cap	Location
Tied	1	20	Available in 2017/2018		Durham

Tied To

Pre-requisites

None.

Corequisites

None.

Excluded Combinations

None.

Aims

To develop an understanding of the purpose of a range of financial reports, through study of aspects of the fundamentals of financial accounting and management accounting, thereby laying foundations for further study in the area.
To provide an introduction to financial management and sources of finance.

Content

The nature and role of accounting information, including its limitations
The spectrum of users' information needs
Interpretation of primary financial statements
Performance measurement and key performance indicators
Generation and interpretation of information for internal use within the organisation
Budgeting, including standard costing, planning and cash flow forecasts
Marginal costing and cost-volume-profit analysis
The role of the financial manager
Sources of funds, management of working capital and introductory investment appraisal.

Learning Outcomes

Subject-specific Knowledge

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 basic financial statements
Have an appreciation of the uses and value of financial information to the managers of an organisation.
Have an appreciation of financial management and of the range of sources of finance available

Subject-specific Skills

By the end of the module students should
Be able to interpret simple financial statements
Be able to apply a range of techniques of use to financial managers of an organisation
Be able to apply basic investment appraisal techniques

Key Skills

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 on-line multiple choice tests.
Summative assessment is by means of a written assignment and examination to test students' knowledge and understanding of the subject-matter.

Teaching Methods and Learning Hours

Activity	Number	Frequency	Duration	Total Hours	Attendance Monitored
Lectures	21	1 per week in terms 1&2, plus revision session(s)	1 hours	21
Seminars	8	4 per term in terms 1&2	1 hour	8	Yes
Preparation and Reading				171
Total				200

Summative Assessment

Component	Component Weighting	Element	Length/Duration	Element Weighting	Resit Opportunity
Examination	50%	One written examination	1.5 hours	100%	Same
Assignment	50%	One written essay	2000	100%	Same

Formative Assessment

Multiple choice tests

Students who do not attend monitored activities shown under Teaching Methods and Learning Hours, or who fail to complete the summative or formative assessment(s) specified above, may be subject to the Academic Progress procedures defined in the University's General Regulation V, and may be required to leave the University.