Registry
Module Specifications
Archived Version 2006 - 2007
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| Module Aims | |||||||||||||||||||||||||||||
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| Learning Outcomes | |||||||||||||||||||||||||||||
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On completion, students are expected to have developed a basic understanding of accounting and how interacts with other key business functions, in addition to an awareness of the evolutionary nature of accounting and accordingly of the changing role of the accountant. | |||||||||||||||||||||||||||||
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Assume that a 5 credit module load represents approximately 75 hours' work, which includes all teaching, in-course assignments, laboratory work or other specialised training and an estimated private learning time associated with the module. | |||||||||||||||||||||||||||||
| Indicative Syllabus | |||||||||||||||||||||||||||||
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Introduction to Accounting
Nature and purpose of accounting, users of accounting information, role of finacial accounting and management accounting and their inter-relationship, accounting information system, fundamental accounting concepts, desirable characteristics of accounting information, the current operating enviornment and the firms competitive strategies, uses and limitations of accounting information.
Financial Statement Analysis
Core financial statements, the annual report and its contents, Balance Sheet, Income Statement, Cash Flow Statement and how it differs from profit, directors report, corporate social responsibility, corporate governance, auditors report, relationship between accounting information, share price and company performance, limitations of financial statements, other information sources, exercises in the use of financial statement analysis using ratios and critical commentary focusing on profitability, efficiency, liquidity, gearing and investment, limitations of ratio analysis, regulation of accounting (legal, taxation, stock exchange and professional).
Planning and Decision Making
Long-term and short -term planning, translating strategy into financial plans, financial analysis in typical decision-making situations mainly Cost-Volume Profit Analysis.
Control and Performance Measurement
The nature of performance and control, the role of budgets, budget period, budget administration, budgetary process, master budget and the various individual budgets, interrelationship of budgets, effective budgeting, problems associated with budgeting, different types of controls, controls at organizational level, responsibility centres, management accounting control systems, critique of using profit as a performance measure and the need for alternative, non-financial indicators, critical success factors and the Balanced Scorecard, performance measurement for various sectors, how firm dependent factors and industry based factors can effect a firms performance measurement and management.
Current Issues and Future Directions
Criticisms, challenges and the evolutionary nature of accounting information systems, how the changing role of the accountant,
as information provider, affects the mangement of the firm.
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| Indicative Reading List | |||||||||||||||||||||||||||||
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Essential
Atrill P. and McLaney E. "Accounting and Finance for Non-Specialists". Prentice Hall (Pearson Education).
Supplementary
Drury C. "Management and Cost Accounting". Thomson Learning.
Horngren C.T., Datar S.M. and Foster G. "Cost Accounting: A Managerial Emphasis".
Pearson Prentice Hall.
Garrison R.H., Noreen E.W. and Seal. "Management Accounting (European Edition)". McGraw Hill.
Atrill P. and McLaney E. "Financial Accounting for Non-Specialists". Prentice Hall (Pearson Education).
Atrill P. and McLaney E. "Management Accounting for Non-Specialists". Prentice Hall (Pearson Education).
Weetman P. "Financial and Management Accounting: An Introduction". Prentice Hall (Financial Times).
Alexander D. and Nobes C. "Financial Accounting - An International Introduction".
Prentice Hall (Financial Times).
Jones M. "Accounting for Non-Specialists". Wiley.
Note: Additional reading material may be recommended as the year progresses.
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| Programme or List of Programmes | |||||||||||||||||||||||||||||
| GDBM | GDip in Management | ||||||||||||||||||||||||||||
| MECB | MSc in Electronic Commerce (Business) | ||||||||||||||||||||||||||||
| MSBM | MSc in Business Management | ||||||||||||||||||||||||||||
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