This module introduces you to managing financial resources in a business context. The module emphasizes the understanding and interpretation of financial information rather than the construction of financial data. It provides you with the analytical skills of how the financial statements of public listed companies can be analysed. This module also considers the fundamental concepts of management accounting and builds on them to provide you with an explanation of the diagnostic skills necessary to make many short, medium and long term operating decisions within an organisation. Numerical aspects are balanced by the need to understand the usefulness of the information to users.
On successful completion of the module, students will be able to:
Teaching and learning will comprise a combination of lectures and practical workshops. Students are expected to prepare and participate in workshop sessions and complete background reading as indicated. Students will be expected to access articles and contemporary business and accounting trade journals via the Learning Resources Centre or via web-based sources.
Definitive UNISTATS Category | Indicative Description | Hours |
---|---|---|
Scheduled learning and teaching | Lab-sessions and lectures | 66 |
Guided independent study | Worksheets and guided study | 234 |
Total (number of credits x 10) | 300 |
There are two major categories of assessment: written exam 1 and written exam 2 . Written exam 1 contains two 45 minutes, in-class MCQ tests which will assess students on the majority of the curriculum. Written exam 2, 3 hours in duration, will allow for more in-depth assessment of particular topics.
Formative assessment is through:
Calculator Policy:
Students will be expected to bring only the approved calculators to each lesson and in particular to the summative assessments. Calculators with specifications other than those contained in the list will not be permitted to for use during assessments.
Please visit the following link for approved list of calculators:
https://mykingston.kingston.ac.uk/myuni/exams/Documents/Calculator%20Policy%20Oct%202010.pdf (only accessible to current students)
Learning Outcome | Assessment Strategy |
---|---|
1) Explain the purpose of accounting in the context of different users of accounting information | Formative tests/homework, Summative OMR Tests and exam |
2) Analyse and interpret financial statements and management accounting information | Formative tests/homework, Summative OMR Tests and exam |
3) Make decisions based on financial information and non-financial considerations | Formative tests/homework,Summative OMR Tests and exam |
4) Communicate decisions made to other members of the organisation | Exam |
5) Suggest corrective action to improve future performance | Exam |
Description of Assessment | Definitive UNISTATS Categories | Percentage |
---|---|---|
Two OMR Multiple choice tests | Written Exam 1 | 40% |
Unseen exam | Written Exam 2 | 60% |
Total (to equal 100%) | 100% |
It IS NOT a requirement that any major assessment category is passed separately in order to achieve an overall pass for the module.
Black, G. & Al-Kilani, M. Accounting and Finance for Business, Pearson (Latest edition)
Atrill, P. & McLaney, E. Management Accounting for Decision Makers, Financial Times Prentice Hall
Collier, P. M. Accounting for Managers, Interpreting Accounting Information for Decision Making, John Wiley & Sons Ltd
Dyson, J. Accounting for Non-Accounting Students, Prentice Hall / Financial Times