BE283-7-AU-SO:
Financial Analysis and Decision Making

The details
2020/21
Essex Business School
Southend Campus
Autumn
Postgraduate: Level 7
Current
Thursday 08 October 2020
Friday 18 December 2020
15
05 June 2020

 

Requisites for this module
(none)
(none)
(none)
(none)

 

(none)

Key module for

MBM N21012 MBM

Module description

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.

Module aims

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

Module learning outcomes

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

Module information

No additional information available.

Learning and teaching methods

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

Bibliography*

  • 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 Description Deadline Weighting
Coursework   MyAccounting Lab Test    100% 

Overall assessment

Coursework Exam
100% 0%

Reassessment

Coursework Exam
100% 0%
Module supervisor and teaching staff
Dr Dila Agrizzi, email: dila.agrizzi@essex.ac.uk.
Dr Dila Agrizzi
dila.agrizzi@essex.ac.uk

 

Availability
No
No
No

External examiner

Mr Michael Paul Bernon
Cranfield University
Senior Lecturer and Executive Development Director
Resources
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).

 

Further information
Essex Business School

* Please note: due to differing publication schedules, items marked with an asterisk (*) base their information upon the previous academic year.

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