20 credits at level HE5
To build on the knowledge gained in BAM1103.
To enable students to develop an understanding of the financial information provided by organisations for both internal and external use
The module will provide the learner with the opportunity to critically evaluate the importance of financial control in a business context, and critically review the methods by which the complexities of decision making may be handled.
Indicative Syllabus Content
Financial Accounting - 5 weeks
•Published accounts of limited companies.
•Requirements of Companies’ Acts and Accounting Standards.
•Group accounts – methods of consolidation.
•Preparation of financial statements.
Management Accounting - 8 weeks
Financial information for short term decision making.
Financial information for long term decision making
Uncertainty in decision making
Cost planning and analysis for competitive advantage
Lectures will be used for the formal dissemination of underpinning knowledge.
Seminars/Tutorials and case studies will be used to allow students to participate in practical work and collaborative discussion.
Formal contact time will comprise 2 hours per week over 14 weeks.
Seminars and directed learning will comprise 1 hour per week over 14 weeks.
Lectures/Seminars/Tutorials 50 hours
Directed Reading 34 hours
Preparation for Seminars/Tutorials 40 hours
Assignment Preparation 70 hours
In-class Assignment and presentation 6 hours
when you have successfully completed this module you will:
to demonstrate that you have achieved the learning outcome you will:
|1.||Demonstrate an ability to analyse and interpret financial statements
Explain the issues that arise in pricing decisions and the conflict between marginal costing and full cost recovery.
Appraise the usefulness of dividing costs into fixed and variable components when looking at break even analysis and constraint problems in a business be able to apply management accounting techniques to a variety of problems
Calculate project cash flows using investment appraisal techniques.
Compare, Contrast and evaluate the alternative techniques of investment appraisal.
Produce decision support information for management, intergrating financial and non financial considerations be able to apply management accounting techniques to a variety of problems
6. 7. Compare and contrast key management accounting techniques such as ABB, ABC, Value Analysis, target costing and the concept of continuous improvement through TQM. be able to able the use of the latest techniques in management accounting.
|review and evaluate contents of company reports|
|2.||describe concepts and theories in relation to topics covered and explain the main financial control and management control systems,||
appraise concepts and theories in relation to topics covered and be able to review and apply relevant financial control and management control theories, systems and concepts to business problems
|3.||Explain the principles of short term and long term decision making including identification of relevant cash flows.
||apply management accounting techniques to a variety of problems|
|4.||compare and contrast alternative techniques for investment appraisal||apply management accounting techniques to a variety of problems|
|5.||Assess the impact of uncertainty and risk in decision making including sensitivity analysis and expected values/decision trees||
be able to Identify and review the strengths and weaknesses of current decision making models in the context of management control and financial forecasting.
Your achievement of the learning outcomes for this module will be tested as follows:
|Description||2,500 word essay based on a scenario||group presentation based on case study|
Before taking this module you must have successfully completed the following:
No restrictions apply.
Drury, C. (2008) Management and Cost Accounting, 7th ed. London: Cengage Learning.
Emmanuel, C. Otley, D and K. Merchant, K. (1990) Accounting for Management Control, 2nd ed. London: Thomson
Horngren, C. T. Bhimani, A. Datar, S. M. and Foster, G. (2008) Management and Cost Accounting, 4th ed. Harlow: Financial Times/Prentice Hall.
Control number, Title, part no. & title,MyiLibrary ISBN
0273695614 Corporate finance and investment : decisions and strategies / Richard Pike 9786611333898
0273708708 Financial accounting and reporting / Barry Elliott and Jamie Elliott 9786611064402
0273712314 Financial accounting and reporting / Barry Elliott and Jamie Elliott 9786611552640
0273693107 Frank Wood's business accounting 2 / Frank Wood and Alan Sangster 9786610601776
027367630x Principles of financial accounting / Ian Gillespie, Richard Lewis, Kay Hamil 9786610600885
|Host Subject Group:||Business|
|User Name||Date Accessed||Action|