MBM7522 - Financial Management and Accounting

Objectives:

On successful completion of the module, students will be able to:
Understand, explain and evaluate the sources and uses of accounting information and the uses and users of internal and external financial statements.
Understand and explain the accounting conventions, statutory requirements and stakeholder requirements applied when preparing internal and external financial statements.
Prepare, analyse and interpret the external financial statements of a single entity limited company.
Understand and describe the role of financial management in firms and its relationship with other key management functions.
Understand and employ key financial management procedures and systems in the analysis of case study material.

Content:

• Accounting conventions, terminology and concepts
• uses and users of published and internal financial statements and forecasts;
• Statutory and regulatory accounting and reporting frameworks (IFRS, GAAP)
• Financial accounting statements – balance sheet; income statement; cash flow statement
• Analysis and interpretation of financial statements, through percentages and ratios; the limitations of ‘introspective’ ratio comparison.
• The finance function in a managerial context;
• Formation of strategic financial goals and financial management strategies;
• The management of working capital (cash, inventories, debtors and creditors).
• Budgetary control; variance analysis
• Development of financial pathway analysis and the concept of goal congruence
• Internal and external audit functions

Learning and Teaching Information:

The sessions will be organised in mainly 2.5 hour teaching blocks. Lectures will deliver core theoretical frameworks followed by seminar discussions and workshops.

Lectures and tutorial sessions
Contact hours: 24
Intended Group size: Whole cohort
,br> Guided independent study
Hours: 176
Intended Group size: 1

Assessment: