Undergraduate Programme and Module Handbook 2024-2025
Module ACCT1011: Financial Information for Managers
Department: Accounting
ACCT1011: Financial Information for Managers
| Type | Tied | Level | 1 | Credits | 20 | Availability | Available in 2024/2025 | 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 appreciation of the role of financial information in the world of business.
- To develop an understanding of financial statements and wider reporting to external users.
- To develop an appreciation of aspects of management accounting and its role in supporting effective financial management of an organisation.
Content
- Fundamentals of accounting
- Analysis of financial statements
- Performance measurement, including environmental and social impact
- 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 financial information in the business world
- Have an understanding of basic financial statements
- Have an understanding of non-financial performance measurement
- Have an appreciation of the uses and value of internal financial information in the management of organisations
- Have an appreciation of basic sources of finance and techniques used to make simple investment decisions
Subject-specific Skills:
- By the end of the module students should
- Be able to interpret simple financial statements
- Be able to evaluate financial performance
- Be able to interpret non-financial performance indicators
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
- Learning takes place through attendance at, 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 | |
|---|---|---|---|---|---|
| Workshops | 10 | Weekly | 2 hours | 20 | ■ |
| Preparation and Reading | 180 | ||||
| Total | 200 |
Summative Assessment
| Component: Assignment | Component Weighting: 100% | ||
|---|---|---|---|
| Element | Length / duration | Element Weighting | Resit Opportunity |
| One written assignment | 3000 words max | 100% | Same |
Formative Assessment:
Multiple choice tests: These will test students’ understanding and ability to apply the knowledge learned which may comprise of topics from the two main areas studied as part of the module: financial and management accounting.
■ 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