| 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
If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.
If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. ECONM1015).
How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours
of study to complete. Your total learning time is made up of contact time, directed learning tasks,
independent learning and assessment activity.
See the Faculty workload statement relating to this unit for more information.
Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit.
The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an
assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates
within the Regulations and Code of Practice for Taught Programmes.
