BE167-7-SP-CO:
Accounting and Finance for Managers
2021/22
Essex Business School
Colchester Campus
Spring
Postgraduate: Level 7
Current
Monday 17 January 2022
Friday 25 March 2022
20
12 October 2021
Requisites for this module
(none)
(none)
(none)
(none)
(none)
MSC N20012 Management,
MSC N200MO Management,
MSC N2E112 Management (International),
MSC N2E124 Management (International),
MSC N2E212 Management (Marketing),
MSC N2E224 Management (Marketing),
MSC N28612 International Hospitality Management,
MSC N286JS International Hospitality Management
It is essential for any manager to be able to analyse the performance of companies and take financial decisions. This module will start by examining how publicly available information can aid in analysing the performance of companies, and critically evaluating the limitations of financial performance measures. This part of the module will cover the contents of the annual report, preparation of main financial statements and evaluating the financial performance of companies based on publicly available information. The second part of the module will critically examine a range of issues that relate to financial and managerial decision-making, including cost behaviour, capital investment decisions, cost volume profit analysis and budgeting.
This module is designed for students who have no or little background in accounting. The module aims at providing students with a practical and critical understanding of financial analysis and financial decision-making relevant to managers.
On successful completion of the module, students will be able to:
1. Recognise and evaluate how publicly available information can aid in analysing the performance of companies and meeting various users’ needs.
2. Critically evaluate the use of financial and non-financial performance measures in decision making.
3. Develop a critical understanding of short and long-term decision-making principles and techniques, including the use of capital appraisal techniques.
4. Critically evaluate the role of budgeting and management control in organisations.
Skills for Your Professional Life (Transferable Skills)
The module aims to develop a variety of personal transferable skills by encouraging students to:
* identify and distil key features covered by lectures, seminars and recommended readings;
* participate actively in seminars either by leading discussions or responding to issues raised by teaching staff or peers;
* identify between relevant and irrelevant information for the purposes of managerial decision making;
* work effectively as a team member in the development of group preparation and presentation of seminar work; analyse data, apply judgement and solve problems;
* communicate effectively in writing by providing clear and concise word-processed essays;
* work under pressure and meet deadlines.
The module delivery is based on three-hour sessions combining lecture and class per week. There will be ten two-hour lectures and ten one-hour interactive seminars. Sessions will be devoted to probing, extending and applying the material in the readings. It is the students’ responsibility to be prepared for each session as detailed in the module handbook. Students are expected to contribute to class discussions. To do well, they should actively participate in presentations and class discussions, which means making well supported, cogent comments and criticisms about the concepts and analyses that are being presented.
Students are required:
• To read the appropriate reading materials for each session prior to the class.
• To prepare for any exercises given.
• To attend the sessions.
This module does not appear to have a published bibliography for this year.
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
| Coursework |
2,500 Individual Assignment |
|
50% |
| Coursework |
Online Test |
|
50% |
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Overall assessment
Reassessment
Module supervisor and teaching staff
Dr Chaminda Wijethilake, email: c.wijethilake@essex.ac.uk.
Dr Chaminda Wijethilake & Dr Shoaib Ahmed
E: ebspgtad@essex.ac.uk
No
No
No
Dr Chandana Gnanapriya Alawattage
University of Aberdeen Business School
Professor
Available via Moodle
Of 703 hours, 10 (1.4%) hours available to students:
693 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).
Disclaimer: The University makes every effort to ensure that this information on its Module Directory is accurate and up-to-date. Exceptionally it can
be necessary to make changes, for example to programmes, modules, facilities or fees. Examples of such reasons might include a change of law or regulatory requirements,
industrial action, lack of demand, departure of key personnel, change in government policy, or withdrawal/reduction of funding. Changes to modules may for example consist
of variations to the content and method of delivery or assessment of modules and other services, to discontinue modules and other services and to merge or combine modules.
The University will endeavour to keep such changes to a minimum, and will also keep students informed appropriately by updating our programme specifications and module directory.
The full Procedures, Rules and Regulations of the University governing how it operates are set out in the Charter, Statutes and Ordinances and in the University Regulations, Policy and Procedures.