Module ACCT1011: Financial Information for Managers

Department: Accounting

ACCT1011: Financial Information for Managers

Prerequisites

• None.

Corequisites

• None.

Excluded Combination of Modules

• 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

• 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

• 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

• 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

Summative Assessment

Formative Assessment:

Multiple choice tests

■ 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