Module
Accounting for Managerial Decision Making
Module description
A career in International Business requires literacy in accounting practice. This course is designed to give you a broad-based understanding of accounting theory and the practices of accountancy. You will become familiar with accountancy tools as well as reporting mechanisms. This course will help to build foundational knowledge in accounting that will help you to better understand financial reporting as well as the ability to interpret accounting data. BEAM081Z recognises that good managers need to be able to appreciate and use a variety of accounting information and techniques with professional scepticism in business decision-making.
Full module specification
| Module title: | Accounting for Managerial Decision Making |
|---|---|
| Module code: | BEAM081Z |
| Module level: | M |
| Academic year: | 2022/3 |
| Module lecturers: |
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| Module credit: | 30 |
| ECTS value: | 15 |
| Pre-requisites: | |
| Co-requisites: | |
| Duration of module: |
Duration (weeks) - term 1: 11 |
Module aims
The module aims to give you an understanding of the basic concepts relating to the preparation of financial statements and techniques for using financial statements to make business decisions. This includes a brief introduction to the use of financial statements in investment processes and the relevance of assurance-related services.
The overall aim of the module is to enable you to understand:
- the rationale for preparing financial statements in conformance with International Financial Reporting Standards;
- how financial statements are used by providers of financial capital to make investment decisions and
- how the audit of financial statements enhances their relevance and reliability.
ILO: Module-specific skills
- 1. explain the role and importance of financial statements;
- 2. critically evaluate and discuss the financial position, performance and cash flows of a profit-orientated entity using suitable qualitative and quantitative methods;
- 3. discuss and explain the limitations of financial statement analysis including the need to incorporate social and environmental factors into investment decisions and
- 4. recommend, with appropriate justification, whether or not to invest in a profit-orientated entity.
ILO: Discipline-specific skills
- 5. discuss and apply accounting standards and methods for analysing accounting information and
- 6. evaluate the financial position, performance and cash flows of profit-orientated organisations.
ILO: Personal and key skills
- 7. demonstrate written and oral communication skills;
- 8. demonstrate problem solving skills;
- 9. analyse structured information systematically and critically.
Learning activities and teaching methods (given in hours of study time)
| Scheduled Learning and Teaching Activities | Guided independent study | Placement / study abroad |
|---|---|---|
| 100 | 200 |
Details of learning activities and teaching methods
| Category | Hours of study time | Description |
|---|---|---|
| Scheduled asynchronous learning and teaching activities | 100 | Lectures and skill-based workshops. |
| Guided Independent Study | 200 | Reading, researching and writing assignments |
Formative assessment
| Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|
| Assigned work for pre-recorded working examples | 3 hrs preparation by the students | 1-9 | In class and suggested solutions on learning platform |
Summative assessment (% of credit)
| Coursework | Written exams | Practical exams |
|---|---|---|
| 100 | 0 | 0 |
Details of summative assessment
| Form of assessment | % of credit | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|---|
| Written Assignment | 100 | 5000 words or equivalent | 1-9 | Written feedback provided on online platform summarising performance and key areas for improvement |
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Details of re-assessment (where required by referral or deferral)
| Original form of assessment | Form of re-assessment | ILOs re-assessed | Timescale for re-assessment |
|---|---|---|---|
| Written Assignment | Written Assignment (5000 words) | 1-9 | Re-Assessment Period |
Syllabus plan
- The business objective and different forms of businesses
- The core elements of financial statements
- The accounting equation and financial record keeping
- Accounting for incomes, expenses, assets, liabilities and equity
- Common methods used to analyse financial statements
- Incorporating social and environmental factors into business analyses
- Segmental and interim financial statements
- Introduction to the audit of financial statements
- Research on the value relevance of financial, environmental and social reporting.
Indicative learning resources - Basic reading
- Supplied course material
- Understanding Financial Accountinghttps://global.oup.com/academic/product/understanding-financial-accounting-9780198847274?lang=en&cc=gb
Module has an active ELE page?
Yes
Indicative learning resources - Web based and electronic resources
ELE – College to provide hyperlink to appropriate pages
Indicative learning resources - Other resources
A Concepts-Based Introduction to Financial Accounting, 6th Edition, Juta and Associates
Origin date
20/01/2022
Last revision date
20/01/2022