APPLIED BUSINESS ACCOUNTING AND FINANCE

SHE Level 3
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M3N323690
Module Leader Stuart McChlery
School School for Work Based Education
Subject SCWBE
Trimesters
  • A (September start)
  • B (January start)
  • C (May start)
  • A (September start)-B (January start)
  • B (January start)-C (May start)
  • C (May start)-A (September start)

Summary of Content

This module -1 is -1 designed for students -1 with a -1 non-accounting -1 background -1 and -1 aims to -1 give them a -1 working knowledge -1 of -1 accounting statements -1 and financial management mechanisms. There -1 will -1 be a -1 breadth -1 of conceptual -1 and -1 developmental -1 aspects -1 of the topics -1 but -1 also a contextualisation to the -1 energy -1 industry. The course -1 is split -1 into two: -1 understanding -1 and -1 analysing financial reports -1 and -1 financial management. -200 Accounting statements considered -1 are those -1 in the -1 annual report -1 of corporate -1 entities -1 and -1 will -1 include the -1 income statement (profit -1 and -1 loss statement), -1 balance sheets -1 and cash flow statement. Students -1 will -1 be supported -1 in -1 applying -1 appropriate ratios -1 in -1 order to -1 analyse the reports further to -1 highlight -1 areas -1 of financial strength -1 and -1 weakness to -1 an -1 organisation. -200 Financial management consists -1 of a -1 number -1 of relevant -1 approaches to -1 planning, control -1 and -1 decision making. Budgetary -1 planning -1 and control -1 processes -1 and reports -1 are considered -1 being a key -1 area -1 where managers -1 are -1 exposed to financial management -1 mechanisms. In -1 addition to the -1 above a -1 number -1 of financial management tools -1 are considered -1 which -1 emphasise key -1 elements -1 of financial -1 awareness such -1 as -1 break-even -1 analysis, -1 project -1 appraisal -1 and -1 product/service costing. -200 -9 To maximise contextualisation -1 and student choice students -1 will -1 be -1 invited to -1 identify their role -1 in financial management -1 within the organisation -1 and -1 how they may -1 develop -1 in this field.

Syllabus

Financial reporting -1 environment: regulations, conventions, -1 disciplines Financial reports: Income Statement, Balance Sheet -1 and -1 Cash Flow Statement Interpretation -1 and -1 analysis -1 of financial reports: -1 Liquidity, -1 profitability, finance -1 and market ratios Budgetary -1 planning Budgetary control Short term -1 decision making -1 Long term -1 decision making Product/service costing

Learning Outcomes

On successful completion of the module students should be able to:1. Analyse financial reports of both an internal and external nature2. Demonstrate a critical understanding of budgetary planning and control mechanisms3. Demonstrate a critical understanding of financial decision making techniques4. Demonstrate an understanding of product/service costing.

Teaching / Learning Strategy

Students will be expected to draw on academic theories and techniques in order to frame, analyse and solve actual work-based problems. To this end learning will involve not only formal but informal learning strategies and assessment. This module particularly emphasises the integration of learning and work e.g. the student's assessment may involve them in conducting actual work based analysis and decision making within a work context. The module utilises an interactive lecture programme where students are encouraged to participate and contribute. Students are required to undertake a programme of specified reading for independent learning, and reflect upon managerial practices within the workplace. The teaching and skills development programme will be supported via GCU Learn, which will also enhance the students' ability to utilise e-communication.

Indicative Reading

Atrill, P. -1 and McLaney, E. (2010) Financial-5 A ccounting for -1 Decision -1 makers(Sixth -1 edition), Prentice -1 Hall. Berry, A. -1 and Jarvis, -1 R. (2006) Accounting -1 in a Business -1 Context (Fourth -1 edition), Thomson Publishing. Bhimani, A., -1 Horngren, -1 C., Srikant, M. -1 and Goster, G. (2008) Management -1 and -1 Cost-4 Accounting (Fourth -1 edition), Prentice -1 Hall. Davies, T. -1 and Boczko, T. (2005) Business-6 Accounting -1 and Finance -1 2nd -1 edition, McGraw -1 Hill -1 Drury, -1 C. (2008) Management -1 and -1 Cost-4 Accounting (Seventh -1 edition), South -2 Western -1 Cengage -1 Learning Seal, W., Garrison, -1 R. -1 and -1 Noreen, E. (2009) Management-6 Accounting (Third -1 edition), -1 New -4 York. McGraw - -1 Hill.

Transferrable Skills

Self-management: self-motivation, time management and critical self-reflection and evaluation of personal performance. Interpersonal Skills: an ability to work collaboratively and constructively with others on a complex group assignment. Communication skills, negotiation skills and presentation skills when participating in the group work and group presentation Peer assessment: skills in giving and receiving constructive feedback. Research skills: data gathering using secondary methods, and data analysis. C & IT skills: engaging in a virtual learning environment; using MS Powerpoint and MS Word packages for presentations and report writing; accessing and using industry databases such as FAME, MINTEL, KEYNOTE. Using Refworks software to develop referencing skills, and Turnitin software to improve writing style.

Module Structure

Activity Total Hours
Lectures (PT) 3.00
Assessment (PT) 40.00
Seminars (PT) 12.00
Independent Learning (PT) 145.00

Assessment Methods

Component Duration Weighting Threshold Description
Course Work 01 0.00 100.00 40% This module assessment will be assessed by coursework undertaken during the module. It allows students to demonstrate how they have advanced in terms of subject knowledge and skills. The coursework assessment are therefore designed to: help students manage their time and pace their learning by providing incentives for engaging regularly in reading and research, ensure all students fully participate in team working tasks leading to the presentation; and ensure all students get a chance to receive feedback from tutors (and where appropriate peers) on the content and level of their work and analysis so that they can improve their performance. The portfolio assessment also provides an opportunity to further develop professional skills, for example, in relation to team working, presentation skills and giving constructive feedback to others. The portfolio is structured into two key sections as follows:Part One (40%) An individually written report based on analysing the annual report of a plcPart Two (60%) - A group coursework regarding the future planning of an investment project.