Module ACCT1011: Financial Information in Business

Department: Accounting

ACCT1011: Financial Information in Business

Tied To

• N201: Business and Management
• N203: Business and Management with Placement Year
• N207: Business and Management with Study Abroad
• N509: Marketing and Management
• N510: Marketing and Management with Placement Year
• N511: Marketing and Management with Study Abroad

Pre-requisites

Corequisites

Excluded Combinations

Aims

• To develop an appreciation of the role of financial information in the context of companies.
• To develop an understanding of company financial statements.
• To develop an appreciation of aspects of management accounting and its role in supporting the effective financial management of a business.

Content

• Structure and analysis of company financial statements
• Performance measurement, including environmental and social aspects
• Working capital management
• Cost Volume Profit Analysis
• Budgetary planning and control
• Appraisal of capital investment projects

Learning Outcomes

• By the end of the module students should
• Have a basic understanding of company 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 a business
• Have an appreciation of how companies are financed and how simple capital investment projects are appraised

• By the end of the module students should
• Be able to interpret company financial statements and evaluate financial performance
• Be able to interpret non-financial performance indicators
• Be able to apply selected management accounting techniques in simple scenarios

• 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 tests comprising of short multiple/multiple choice questions.
• Summative assessment is by means of an in-term online test comprising of short/multiple choice questions and a written assignment to test students' knowledge and understanding of the subject-matter.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment

Online tests comprising of short/multiple choice questions: 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.