Financial Analysis and Decision Making
Essex Business School
Postgraduate: Level 7
Thursday 08 October 2020
Friday 18 December 2020
05 June 2020
Requisites for this module
The purpose of this module is to provide students with a well-informed, practical and critical understanding of financial analysis and financial decision-making applicable to the role of divisional and functional managers. It brings together crucial topics from financial accounting, management accounting, and financial management.
In the financial accounting sessions, we cover the key topics related to information aimed at external users (e.g. preparation of financial accounts and analysis and interpretation of the principal financial accounting statements) while during the management accounting lectures we focus on what is relevant for organisational/internal users – in terms of relying on accounting information to plan, monitor and make decisions.
The module aims to:
1. Provide an understanding of published financial statements and how such statements can be analysed to draw inferences about the financial performance and viability of an organisation
2. Provide an appreciation of costing techniques and its role in the wider context of organisational control systems and in a competitive environment
3. Provide a critical understanding of short and long-term decision-making principles and techniques
4. Provide an understanding of the budgeting process and the interlinking of the various budgets within the business and its criticism
5. Provide an appreciation of the major methods to measure performance management
6. Provide an understanding of the methods commonly used to evaluate capital expenditure proposals
On successful completion of the unit, students will be able to:
1. Demonstrate an understanding of the financial accounting framework - including the underlying concepts and principles of accounting and the effect of different methods on the measurement of asset and liabilities and the determination of accounting profit
2. Critically analyse a set of published accounts
3. Explain the use of different approaches to costing
4. Understand the operation of a budgetary control system and identify the major methods to measure performance
5. Develop a critical understanding of short and long-term decision-making principles and techniques, including the use of capital appraisal techniques
No additional information available.
The module is taught by a mixture of self-study preparation, highlight lectures, individual work and computational exercises during lectures and seminars as well as encouraging online self-learning via MyAccountingLab.
Teaching hours in the AU Term: 10 weeks X 2hours = 20 hours
- Atrill, Peter; McLaney, E. J. (2019) Accounting and finance for non-specialists, Harlow, England: Pearson.
- Atrill, Peter; McLaney, E. J. (2017) Accounting and finance for non-specialists, Harlow, England: Pearson.
The above list is indicative of the essential reading for the course. The library makes provision for all reading list items, with digital provision where possible, and these resources are shared between students. Further reading can be obtained from this module's reading list.
Assessment items, weightings and deadlines
|Coursework / exam
||MyAccounting Lab Test
Module supervisor and teaching staff
Dr Dila Agrizzi, email: firstname.lastname@example.org.
Dr Dila Agrizzi
Mr Michael Paul Bernon
Senior Lecturer and Executive Development Director
Available via Moodle
Of 21 hours, 21 (100%) hours available to students:
0 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).
* Please note: due to differing publication schedules, items marked with an asterisk (*) base their information upon the previous academic year.
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