Durham University
Programme and Module Handbook

Undergraduate Programme and Module Handbook 2018-2019 (archived)

Module BUSI2251: Financial and Management Accounting

Department: Business School (Business)

BUSI2251: Financial and Management Accounting

Type Tied Level 2 Credits 20 Availability Available in 2018/19 Module Cap None. Location Durham
Tied to N201
Tied to N203
Tied to N207
Tied to N509
Tied to N510
Tied to N511

Prerequisites

  • Financial Information for Managers BUSI1161

Corequisites

  • None

Excluded Combination of Modules

  • None

Aims

  • To build upon foundations of the use of financial information laid at Level 1
  • To develop skills in construction of basic financial statements
  • To develop skills in interpretation of published annual reports
  • To develop skills in, and knowledge of, aspects of intermediate management accounting

Content

  • Preparation of basic primary financial statements for a single company
  • The dual effect, the accruals basis, and other accounting conventions
  • Accounting for assets
  • Accounting for liabilities and provisions
  • Interpretation of published financial reports
  • The International Financial Reporting Standards framework
  • Directors' and auditors' responsibilities
  • Creative accounting and the role of judgement
  • Accounting for overheads
  • Application of contribution analysis in short-term decision making
  • Strategic Management Accounting

Learning Outcomes

Subject-specific Knowledge:
  • On completion of the module students will be able to:
  • Understand the underpinning concepts which govern the preparation of financial accounts
  • Discuss the regulatory framework and creative accounting
  • Appreciate the issues in accounting for overheads
  • Understand the relevance of accounting information in short-term decision-making
  • Appreciate the role of management accounting information in the operational and strategic management of an organisation
Subject-specific Skills:
  • On completion of the module students will be able to:
  • Apply accounting principles in preparing basic primary financial statements for a single company
  • Analyse a published financial report
  • Calculate full unit costings
  • Apply contribution analysis to support decision-making in a range of scenarios
Key Skills:
  • Problem solving
  • Team working
  • Presentation skills
  • Written communication
  • Computer literacy
  • Self-management
  • Team working

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

  • Learning will take place through preparation for and attendance at lectures and seminars, as well as through independent study. Seminars will require students to prepare by reading around a particular topic and preparing answers to set questions and case studies with a discussion of these in class.
  • Formative assessment is by means of a group presentation and report, allowing students to develop their teamwork skills, presentation skills and knowledge of the subject.
  • Summative assessment is by means of a written examination and summative assignment to test students' knowledge and understanding of the subject matter.

Teaching Methods and Learning Hours

Activity Number Frequency Duration Total/Hours
Lectures 21 1 per week 1 hour 21
Seminars 8 1 per fortnight 1 hour 8
Independent study 171
Total 200

Summative Assessment

Component: Examination Component Weighting: 60%
Element Length / duration Element Weighting Resit Opportunity
Written examination 2 hr 100% Same
Component: Assignment Component Weighting: 40%
Element Length / duration Element Weighting Resit Opportunity
Written assignment 2000 words max 100% Same

Formative Assessment:

One group presentation and report


Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University