Module ACCT41510: Accounting (EBS)

Department: Accounting

ACCT41510: Accounting (EBS)

Prerequisites

• None

Corequisites

• None

Excluded Combination of Modules

• None

Aims

• To provide students with the knowledge and awareness of the financial tools of accounting.
• To develop a critical and applied understanding of accounting as a key component of organisational decision-making and performance management.

Content

• Introduction to accounting
• Analysing financial position
• Analysing financial performance
• Analysing financial cashflow
• Interpretating financial statements
• Understanding costs
• Planning with budgets
• Capital investment decisions
• Managing working capital

Learning Outcomes

• Upon successful completion of the module, the students will be able to:
• Demonstrate an understanding of the nature, purpose, and scope of accounting in business decision-making.
• Explain the structure and interrelationships of the principal financial statements.
• Critically analyse an organisation’s financial position, performance, and cash flow using appropriate accounting tools.
• Evaluate different types of costs and their implications for managerial decision-making, planning, and control.
• Demonstrate an understanding of the principles, purposes, and behavioural aspects of budgeting.
• Assess alternative methods of capital investment appraisal.
• Explain and evaluate the management of working capital and its significance for organisational liquidity, efficiency, and profitability.

• Upon successful completion of the module, students will be able to:
• Prepare, interpret, and critique financial statements.
• Apply ratio analysis to evaluate financial performance and position.
• Assess cash flow analysis for business sustainability.
• Employ costing and budgeting techniques to support decision-making.
• Analyse and appraise investment projects using appropriate quantitative methods, including NPV, IRR, and Payback Period.
• Optimise working capital policies to improve liquidity and profitability.
• Communicate complex accounting information and interpretations effectively to specialist and non-specialist audiences.

• Financial literacy
• Critical evaluation of financial information
• Application of accounting data to managerial and strategic decision-making
• Budgeting, forecasting, and variance analysis
• Cost analysis, pricing, and performance management
• Investment appraisal and financial evaluation of projects
• Working capital and liquidity management
• Communication of technical accounting insights in professional and academic contexts

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

• Learning outcomes are met through classroom-based workshops, supported by online resources. The workshops consist of a combination of taught input, groupwork, case studies and discussion. Online resources provide preparatory material for the workshops typically consisting of directed reading and video content.
• The formative assessment consists of classroom-based exercises involving individual and group analyses and presentations on specific business situations/problems relevant to the learning outcomes of the module.
• The summative assessment is a financial analysis.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment:

Classroom-based exercises involving individual and group analyses and presentations on specific business situations/problems relevant to the learning outcomes of the module. Oral and written feedback will be given on a group and/or individual basis as appropriate.

■ Students who do not attend monitored activities shown under Teaching Methods and Learning Hours, or who fail to complete the summative or formative assessment(s) specified above, may be subject to the Academic Progress procedures defined in the University's General Regulation V, and may be required to leave the University.