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 students from the MSc in Management programme a thorough grounding in the fundamentals of Finance and Accounting. The following key areas in accounting will be covered: understanding and interpretation of the financial statements, short-run decision-making including opportunity costs and relevant costs, breakeven and cost-volume profit analysis. The following areas of finance will be covered: discounting, investment appraisal, cost of capital, portfoloio diversification, financing decisions and the role of the stock market.
On successful completion of this unit a student will be able to:
Lectures and classes. 25 hours in total, typically 18 hours of lectures and 7 hours of classes. First term courses are crucial in establishing the basis for more advanced options in the second term. Hence, a relatively intensive course for students who may have no previous experience in finance and accounting.
Summative assessment will be by 3 hour exam in January
Regular formative assessment is undertaken during the course using exercises that allow students to practice computational skills and interpretation of results obtained. Summative assessment by 3-hour examination will include questions that test computational skills, ability to construct and interpret financial information and understanding of key concepts in accounting and finance. Students may be asked to calculate appropriate ratios, assess investment proposals, construct and interpret company accounts, explain key finance theories such as the capital asset pricing models and the weighted average cost of capital.
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