BAM5022 - Financial Management & Accounting

Objectives:

On successful completion of the module, students will be able to:\
(1) define and apply generally accepted concepts and rules of accounting;
(2) prepare profit & loss accounts and balance sheets for limited companies, incorporating a range of commonly-occurring adjustments;
(3) interpret and compare accounting statements from different periods / companies;
(4) prepare single-product and simple multi-product cost-volume-profit-analyses, and evaluate the limitations of such analyses;
(5) apply absorption costing techniques to value stocks, and quantify resultant under/over-absorption of fixed costs;
(6) assess the comparative impact of alternative costing techniques on management decision-making behaviour;
(7) use a computer spreadsheet to prepare relevant financial statements.

Content:

Accounting concepts and rules. Preparation of company profit & loss accounts and balance sheets. Adjustments for debtors, creditors, bad debts, depreciation. Ratio analysis and general interpretation of financial statements. Marginal costing, cost-volume-profit analysis – single-product and simple multi-product, limitations of CVP. Full absorption costing, under/over-absorption, impact of the choice of costing technique on management decision-making.

Learning and Teaching Information:

The module will be delivered via a series of weekly one-hour whole-group interactive lectures supported by weekly one-hour small group tutorial / workshop sessions. Questions / exercises will be set at each lecture meeting for students to complete before the associated small group session. Students will be provided with, and /or directed to, relevant reading and additional questions / exercises to support their progress through the module material.

Lecture
Contact hours 18
Number of groups 1

Tutorials/Workshops
Contact hours 18
Number of groups 10

Assessment:

001 Case Study & presentation (End Sem 1) 50%
002 Unseen paper 1x2 hrs (End Sem 2) 50%
900 Seen case study (End Sem 1 - 50% weighting) %
901 Coursework (100% weighting) %


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