INTEGRATED ENGINEERING STUDIES 2

SHE Level 2
SCQF Credit Points 10.00
ECTS Credit Points 5.00
Module Code M2H625062
Module Leader Tuleen Boutaleb
School School of Computing, Engineering and Built Environment
Subject Electronic Engineering
Trimesters
  • B (January start)
  • A (September start)
  • C (May start)

Pre-Requisite Knowledge

Integrated Engineering Studies 1 (or equivalent)

Summary of Content

The rationale for this module is for students to understand that the effective use of financial information is a vital part of the management process for small business owners, consultants, and project managers alike. This module aims to develop the understanding of financial information for the use by engineers in reviewing past business performance, understanding its current financial position, and for business planning, control and decision making. This module will ground students in developing and executing team based approaches to problem solving and further develop student awareness of and ability to identify and assess the financial, environmental, ethical and societal issues of a business proposition.

Syllabus

Introduction to Management Accounting (Main Financial Statements) Introduction to Income Statement, Revenue & Expenses in a Business Formation of LLC (Ownership, structure, Size, Shares) Break-Even Analysis & Relevant Costing Short-term Financial Decision-Making Product & Service Costing, Standard Costs Sustainability and environmental impact Budgetary Planning & Controlling Intellectual Property Protection and the Fundamental Legal Principles Relating to the Different Forms Application of ethical values to business behaviour. Corporate social responsibility

Learning Outcomes

On successful completion of this module a student should be able to:1. Understand the significant role played by accounting and finance in the management process.2. Appreciate the basic content and international accounting terminology of domestic/international financial reports produced for a variety of business types and organisations.3. Use selectively the content of financial reports in the assessment of the financial performance and position of a business.4. Understand the role of auditing in checking the integrity of financial reporting.5. Comprehend how costs and incomes behave and their impact on organisation's breakeven point and profit levels given different levels of business activity and on decisions being faced by the organisation.6. Understand how budgeting and budgetary control is influential in the management information process.7. Understand how products and services are costed for management purposes such as pricing and to ensure profitability.8. Assess the performance of a business proposition, or a product in terms of the environmental, ethical and societal issues that are relevant.9. Comprehend the different forms of intellectual property protection.10. Demonstrate information gathering and enquiry skills appropriate to their programme level.11. Demonstrate the ability to report upon the project in a written and oral form.

Teaching / Learning Strategy

The University 'Strategy for Learning' documentation has informed the learning and teaching strategy for this module. Students first gain exposure to new material outside of classroom through direct reading, e-learning resources and lecture videos. Class time is used to do the harder work of assimilating that knowledge through strategies such as problem-solving, discussion or debates. Seminars will be devoted to furthering students understanding and development of key transferable skills and deepening their knowledge of ethical and professional issues and the framework within which their profession is applied. Full use will be made of GCU Learn to provide study materials, as well as links to relevant material on the internet, for example, the World Intellectual Property Organisation and Professional Body websites that provide valuable reference material. Much of the student's independent learning is expected to be spent in team based situations. The student will normally undertake the assessment as part of a group of 3 or 4 other students. Students will be responsible for negotiating the formation of their own teams unless unable to do so. The team will specify, plan and execute the whole project to achieve specified deliverables using defined resources. Teams are expected to develop their own code of conduct that team members will follow and choose their own documentation and management standards. The use of peer assessment and the incorporation of reflection into the core of the activity together with the nature of the group project activity will encourage the development of independent learning and allowing self-reflective feedback on student performance. Staff-based feedback on student performance will be made available informally at supervision sessions and formally for submitted work in line with the University feedback policy, with summative feedback and grades on the coursework assessment utilising GCU Learn. The additional interactive discussion features of GCU Learn will be utilised, as a key element of communication and group interaction in this module, to stimulate independent and flexible student learning outwith scheduled class time. As different programmes using the module will have different deliverables, the brief will carry significant contextual information. Case studies, site visits and industry speakers will be used to provide industrial context and allow students to benefit from exposure to real world scenarios and practitioner experiences.

Indicative Reading

Books & Articles Atrill, P. and McLaney, E. (2011). Accounting & Finance for Non-Specialists, 7th ed Financial Times/Prentice Hall Wood, F. and Sangster, A. (2011) Business Accounting Volume 1, 12th ed Financial Times/Prentice Hall Dyson J, R. (2010) Accounting for Non-Accounting Students, 8th ed Financial Times/Prentice Hall Chapman J (2007) Designers, Visionaries and Other Stories: A Collection of Sustainable Design Essays, Trowbridge Press Online sources MyAccountingLab (MAL), Atrill, P. and McLaney, E. (2011)

Transferrable Skills

Effective problem solving and decision making using appropriate quantitative and qualitative skills Effective information retrieval and research skills Commercial awareness Communication and presentation skills, written, oral and listening Critical Thinking Critical Analysis Numeracy Computer literacy

Module Structure

Activity Total Hours
Seminars (FT) 11.00
Lectures (FT) 11.00
Assessment (FT) 20.00
Independent Learning (FT) 58.00

Assessment Methods

Component Duration Weighting Threshold Description
CW1 Course Work 01 n/a 100.00 40% Portfolio to include: evidence of communication skills and a personal reflective review.