Fundamentals of Accounting and Financial Decision Making - BUSN5027
Overview
How do managers use accounting or financial information in order to make decisions? This module will begin with an introduction to the link between business and accounting to show the value of having knowledge of accounting. It is designed to demonstrate how to read and interpret financial information as a manager or business owner, rather than prepare them as an accountant. The module will be particularly relevant to those wanting to pursue a non-business-related career whilst expecting to reach management/director level or those seeking self-employment to pursue a vocational career.
This is an indicative list of some of the topics to be studied:
• Record-keeping for business owners
• Financial terminology and financial statements
• Interpretation of financial data to make business decisions
• Business-related taxes, payment of taxes, and how taxes might influence an entity's structure.
Details
Contact hours
Private study hours: 117
Total contact hours: 33
Total study hours: 150
Method of assessment
Main assessment methods (100% coursework):
VLE Multiple-choice Test (20%)
Individual Financial Analysis Exercise (3000 Words) (80%)
Reassessment methods
100% Coursework
Indicative reading
Learning outcomes
The intended subject specific learning outcomes.
On successfully completing the module students will be able to:
1. understand the link between accounting and business activities for a variety of organisations.
2. critically evaluate the role and limitations of financial reporting in providing useful information to decision makers.
3. understand financial terminology and financial statements to enable effective business decisions.
4. understand and be able to apply knowledge of UK tax systems in context common to business owners and managers.
The intended generic learning outcomes.
On successfully completing the module students will be able to:
1. plan work, manage time and study independently.
2. demonstrate the ability to communicate effectively to a variety of audiences and/or using a variety of methods about management and accounting issues
3. apply quantitative techniques to solve problems within a financial context.
Notes
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Credit level 5. Intermediate level module usually taken in Stage 2 of an undergraduate degree.
- ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
- The named convenor is the convenor for the current academic session.
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