| Unit name | Finance and Accounting for Management |
|---|---|
| Unit code | ECONM1015 |
| Credit points | 15 |
| Level of study | M/7 |
| Teaching block(s) |
Teaching Block 1 (weeks 1 - 12) |
| Unit director | Ms. Spencer |
| 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 the MSc in Management programme students a thorough grounding in the fundamentals of Finance and Accounting.
The following key areas in Accounting will be covered:
· Understanding and interpretation of the annual report and in particular the financial statements
· Cash management
· Short-run decision making, including break-even and cost-volume-profit analysis, relevant costing and opportunity costs
· Costing techniques, including full costing and activity based costing
The following key areas in Finance will be covered:
· Investment appraisal; including discounting, cost of capital, portfolio diversification, financing decisions and the role of the stock market
On successful completion of this unit a student will be able to:
1. Interpret and evaluate the health of an organisation using key financial information, such as financial statements and cash budgets, and make recommendations for improvements;
2. Explain and appraise cost concepts, information systems and quantitative techniques for internal control and decision-making;
3. Identify and apply the principles of investment appraisal;
4. Solve and assess finance problems, such as the calculation of the weighted average cost of capital, using a knowledge of basic financial mathematics.
Teaching will be delivered through a combination of synchronous and asynchronous sessions including lectures, tutorials, drop-in sessions, discussion boards and other online learning opportunities
This unit will be assessed by 30% group coursework and 70% individual coursework
This unit does not have a core textbook. Students will be guided through a variety of readings during the unit via the unit resource list. These include academic papers, sections from a variety of books and media articles.
