Undergraduate Programme and Module Handbook 2022-2023 (archived)
Module ACCT1011: Financial Information for Managers
Department: Accounting
ACCT1011: Financial Information for Managers
| Type | Tied | Level | 1 | Credits | 20 | Availability | Available in 2022/23 | Module Cap | None. | Location | Durham |
|---|
| Tied to | N201 |
|---|---|
| Tied to | N203 |
| Tied to | N207 |
| Tied to | N509 |
| Tied to | N510 |
| Tied to | N511 |
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
- Fundamentals of accounting
- Financial performance analysis
- Performance management in a strategic context
- Working capital management
- Sources of finance
- Cost Volume Profit Analysis
- Budgetary systems and budgeting
- Capital investment decisions
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
- Teamwork and communication skills
Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module
- Teaching is by lectures and workshops. Learning takes place through attendance at lectures, preparation for and participation in workshops, and private study.
- Formative assessment is by means of on-line multiple choice tests.
- Summative assessment is by means of a written assignment to test students' knowledge and understanding of the subject-matter.
Teaching Methods and Learning Hours
| Activity | Number | Frequency | Duration | Total/Hours | |
|---|---|---|---|---|---|
| Lectures | 10 | 1 per week in Term 2 | 2 hours | 20 | |
| Workshops | 4 | 1 fortnightly in Term 2 | 2 hours | 8 | ■ |
| Preparation and Reading | 172 | ||||
| Total | 200 |
Summative Assessment
| Component: Assignment | Component Weighting: 100% | ||
|---|---|---|---|
| Element | Length / duration | Element Weighting | Resit Opportunity |
| One written essay | 3500 | 100% | Same |
Formative Assessment:
Multiple choice tests: This will test students’ understanding and ability to apply the knowledge learned from the lecture contents which may comprise of topics from the two components of the module, the management accounting and finance.
■ 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