Accounting for International Managers

Module description

Summary:

Business managers are ultimately responsible for organisation performance, position, and health. All decisions and activities have financial consequences. Questions are always being asked: How successful is the business? Is it profitable? Is it stable? Is it growing? How is it financed? Is it the best? Should you do business with it? Work for it? Buy from it? Sell to it?    Financial accounting information enables a wide range of stakeholders to make decisions regarding their relationship with an organisation. It is useful to be able to understand and evaluate the financial information businesses provide to make decisions.

As managers, you are also constantly making decisions: How much should you charge for X? How much does Y cost to make? Should you launch a new product? Enter a new market? Invest in a new venture or project? Management accounting provides information to support business decisions like these.

Accounting for International Managers introduces students to decision-making scenarios and tools common in business.  The module recognises that managers need to be able to appreciate and use a variety of accounting information and techniques in business decision-making. More importantly, good managers need to be able to understand and interpret accounting results, but also know the limitations of the methods used and incorporate other considerations into discussion and decision-making.

Additional Information:

Internationalisation: The concepts and techniques explored in this module have global application.  International considerations for businesses are acknowledged within each topic, and students are encouraged to share their knowledge of contexts, applications, and variations from their own and other countries.

Ethics and Corporate Responsibility: These are embedded within all topics studied: concepts and techniques are taught to reflect that it is the responsibility of all organisations to make ethical financial decisions and actions and to provide financial information so that stakeholders can make their own informed decisions.

Employability: The module is taught and assessed to develop awareness, understanding, and active appreciation of how to use accounting as part of business decision-making and performance evaluation. It aims to facilitate intelligent verbal and written conversations, both with accountants and other managers. Students will use a wide range of basic accounting techniques and concepts; Group discussion and information-sharing in study is actively encouraged.  Assessment requires written professional communication and recommendations based upon accounting outcomes, plus other considerations in decision-making.

Sustainability: Resources for this module are available on the ELE (Exeter Learning Environment). They are provided in Word (.doc) format for students to adapt and use electronically for their own study purposes.

Summary:

Business managers are ultimately responsible for organisation performance, position, and health. All decisions and activities have financial consequences. Questions are always being asked: How successful is the business? Is it profitable? Is it stable? Is it growing? How is it financed? Is it the best? Should you do business with it? Work for it? Buy from it? Sell to it?   Financial accounting information enables a wide range of stakeholders to make decisions regarding their relationship with an organisation. It is useful to be able to understand and evaluate the financial information businesses provide to make decisions.

 

As managers, you are also constantly making decisions: How much should you charge for X? How much does Y cost to make? Should you launch a new product? Enter a new market? Invest in a new venture or project? Management accounting provides information to support business decisions like these.

 

Accounting for International Managers introduces students to decision-making scenarios and tools common in business. The module recognises that managers need to be able to appreciate and use a variety of accounting information and techniques in business decision-making. More importantly, good managers need to be able to understand and interpret accounting results, but also know the limitations of the methods used and incorporate other considerations into discussion and decision-making.

 

 

AdditionalInformation:

Internationalisation: The concepts and techniques explored in this module have global application. International considerations for businesses are acknowledged within each topic, and students are encouraged to share their knowledge of contexts, applications, and variations from their own and other countries.

 

Ethics and Corporate Responsibility: These are embedded within all topics studied: concepts and techniques are taught to reflect that it is the responsibility of all organisations to make ethical financial decisions and actions and to provide financial information so that stakeholders can make their own informed decisions.

 

Employability: The module is taught and assessed to develop awareness, understanding, and active appreciation of how to use accounting as part of business decision-making and performance evaluation. It aims to facilitate intelligent verbal and written conversations, both with accountants and other managers. Students will use a wide range of basic accounting techniques and concepts; Group discussion and information-sharing in study is actively encouraged. Assessment requires written professional communication and recommendations based upon accounting outcomes, plus other considerations in decision-making.

 

Sustainability: Resources for this module are available on the ELE (Exeter Learning Environment). They are provided in Word (.doc) format for students to adapt and use electronically for their own study purposes.

Full module specification

Module title:Accounting for International Managers
Module code:BEAM045
Module level:M
Academic year:2016/7
Module lecturers:
  • Ms Joanne Abraham - Convenor
Module credit:15
ECTS value:

7.5

Pre-requisites:

None

Co-requisites:

None

Duration of module: Duration (weeks) - term 1:

11

Module aims

This module provides an active introduction to a range of basic accounting and financial concepts/techniques for managerial planning, control and decision-making. It is not intended to turn you into accountants, and is taught from a manager perspective.  It aims to provide a broad, but useful, appreciation of how you can benefit from understanding accounting information and tools in your management role and as part of your decision-making.

ILO: Module-specific skills

  • 1. use and appraise a wide range of quantitative and qualitative information and accounting outcomes as part of management decision-making.
  • 2. communicate recommendations based upon financial and management accounting analysis, and advise on further considerations in the wider decision and business context.

ILO: Discipline-specific skills

  • 3. discuss the nature and purpose of accounting, the regulations and basic principles behind the accounting process, and how/why financial information is presented.
  • 4. construct simple statements of financial performance and position and understand the key accounting adjustments. made to these statements in line with international accounting and reporting concepts and regulations
  • 5. interpret and advise upon the information contained in financial statements for stakeholder decision-making.
  • 6. advise on how to manage working capital and financing
  • 7. apply management accounting techniques for both short-term and long-term management decision-making
  • 8. demonstrate and evaluate management accounting techniques for costing and pricing decisions
  • 9. explain and appraise the roles of budgeting in organisations.

ILO: Personal and key skills

  • 10. practise listening and note-taking, and information synthesising.
  • 11. manage own learning experience individually and in developing time-management skills
  • 12. develop self-awareness of own learning and effort needs to meet performance expectations.
  • 13. use a range of resources to obtain information, discuss issues and perspectives, and make recommendations
  • 14. demonstrate a range of professional written communication skills.
  • 15. organise work individually and collaboratively in learning and providing outcomes.
  • 16. evaluate outcomes and provide feedback in a number of contexts

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
301200

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Scheduled Learning and Teaching22Lectures
Scheduled Learning and Teaching10Tutorials
Guided independent study 118Pre-Reading; Self-study guided by weekly packs on reading activities, web-based resources, plus a wide range of practice questions and formative assessment opportunities

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Weekly pre-lecture/lecture exercises1-5 minutes each 1-10In lecture
Basic and advanced-level weekly practice questions4-8 hrs per week1-16Within self-study resources provided
Weekly tutorial problems for discussion1-2 hrs preparation & review plus 1 hr in class discussion1-16Discussion in tutorial and suggested solutions on ELE
Timed written task20 minutes (week 7)1-6; 10-16Peer review marks & feedback (moderated by module lead)

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
30700

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Group Written Report30800 words1-6, 10-16Mark and feedback form
Written examination702 hours1-16Indicative solutions and feedback on ELE

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Group Written Report /Written examinationExamination (2 hours) (100%)1-16August Examination Period

Re-assessment notes

If you have been referred in this module overall, you will have the opportunity to take a second exam in the August re-assessment period. This constitutes 100% of the module re-assessment.

If you have been deferred in the coursework element of this module only, you will have the opportunity to undertake an individual assessment. This constitutes 30% of the module assessment.

If you have been deferred in the written exam only, you will have the opportunity to take a second exam in the August re-assessment period. This constitutes 70% of the module assessment.

If you have been deferred in both the coursework element and the written exam, you will have the opportunity to take an individual assessment, plus a second exam in the August re-assessment period. These constitute the original assessment weightings of 30% / 70% respectively.

Syllabus plan

  • Introduction to accounting and international financial reporting
  • Main financial statements:  Income, Financial position, and Cash flows.
  • Analysis and interpretation of financial statements
  • Cash management and Financing
  • Pricing and Costing
  • Short-run decision making
  • Long-run decision making
  • Budgeting

Indicative learning resources - Basic reading

Students are expected to supplement the module topic documents with their own reading from texts and articles as well as real- world examples.  Although not comprehensive, a suggested text is:  Atrill, P. and McLaney, E. (2013), Accounting and Finance for Non-specialists, Pearson Education Limited, Harlow (the 9th edition is available in Blackwell’s, the 7th Edition available as an e-book in the library). Earlier editions are also acceptable.

However, the common topics, concepts and tools considered in the module can be found in all accounting texts and in many articles and online resources.

Module has an active ELE page?

Yes

Indicative learning resources - Web based and electronic resources

Further resources are advised within the weekly self-study packs and include:

  • Articles, Text extracts, Internet media
  • News articles, Annual reports and Case studies. 

Indicative learning resources - Other resources

 The weekly self-study packs provide questions for core understanding and assessment preparation.

Additional sources should also be identified and accessed by students as part of their own self-study.

 

Origin date

03/09/2007

Last revision date

07/09/2016