Unit name | Finance and Accounting |
---|---|
Unit code | ECONM1007 |
Credit points | 15 |
Level of study | M/7 |
Teaching block(s) |
Teaching Block 1 (weeks 1 - 12) |
Unit director | Dr. Ho |
Open unit status | Not open |
Pre-requisites |
None |
Co-requisites |
None |
School/department | School of Accounting and Finance - Business School |
Faculty | Faculty of Social Sciences and Law |
This unit is designed to give students a thorough grounding in the fundamentals of Finance and Accounting. This unit will serve as the foundation for second term optional units in finance and accounting. The following key areas in accounting will be covered: understanding and interpretation of financial statements, corporate taxation, short-run decision-making including opportunity costs and relevant costs, breakeven analysis. The following areas of finance will be covered: discounting, investment appraisal, cost of capital, portfolio diversification, financing decisions and the role of the stock market.
Aims:
The aim of the unit is to examine fundamental accounting and finance topics related to the business environment.
On successful completion of this unit a student will be able to:
2 hours of lectures per week (20 hours) and 1 hour of classes (8 hours)
Each student will be required to undertake formative work on a weekly basis. In addition, they will be asked to submit two pieces of formative work which will not count towards their final grade.
Summative assessment will be by 3 Hour exam.
All of the learning outcomes will be examined in the summative examination.
Many introductory texts are available. However, the course notes will refer to the following:
Financial and Management Accounting:
Atrill and McLaney, "Accounting and Finance for Non-Specialists",7th edition, published by Prentice Hall. (Note - we recommend that you use the copies available in the library, since this part of the course is relatively short.)
Finance:
Richard Pike and Bill Neale, 'Corporate Finance and Investment - Decisions and Strategies', 5th edition. Published by Prentice Hall. (Note – this is available in ebook form via MetaLib)