Programme/Approved Electives for 2023/24
Available as a Free Standing Elective
The module introduces key concepts and techniques in Financial Accounting, Management Accounting, and Financial Management. The module will familiarize students with the structure of company accounts and demonstrate the procedures and techniques used in assessing that information for managers. The module will further explain how use of structured accounting information can enhance decision-making within a company in relation to operation and organisation, costing and new project evaluation, financing, and strategic development.
Develop an understanding of Financial Accounting, Management Accounting and Financial Management. Develop an understanding of the financial aspects of managerial decision making.
Intended Learning Outcomes
Critically explain the nature and roles of accounting, demonstrating the difference between financial and management accounting and their role in decision making: 1,2Analyse the main financial statements, demonstrating a recognition of the regulatory and governance frameworks of financial reporting: 1,2Demonstrate knowledge of managerial and financial decision making techniques broadly related to managers: 1,2Critically evaluate the main sources of finance available to a business and reflect on short-term and long-term decision making of managers: 1,2Use the methods and tools presented in the course of the module for making capital investment decisions: 2Identify the main users of financial and management information and evaluate their needs for decision making: 2
Lectures 18 hoursTutorials 6 hoursPrivate study 122 hoursMid-term assessment 2 hoursFinal examination 2 hours¿
1: Computer Task weighted 40%
Description of Module Assessment
1 hour and 30 minutes take away (open book) computer based assessment (mid-term)-time constrained and invigilatedMid-term computer based assessment ¿ a 90 minutes computer-based assessment which will be available on KLE for 28-hours to submit the answers. Students should know that they will have 28-hours access to their computer-based assessment, but when they start the assessment they should finish and submit their answer in 90-mintes, otherwise the KLE will submit their answer automatically.2: Unseen Exam weighted 60%
2-hour closed book examExamination (Exam): An opportunity for students to apply their knowledge and/or understanding under invigilated conditions (2 hours). All examination should take place on campus. All are scheduled centrally by Student Records and Exams.