BE882-7-AU-CO:
Accounting and Finance

The details
2019/20
Essex Business School
Colchester Campus
Autumn
Postgraduate: Level 7
Current
Thursday 03 October 2019
Friday 13 December 2019
10
11 October 2019

 

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

 

(none)

Key module for

MBA N20012 The Essex MBA,
MBA N20E24 The Essex Executive MBA,
MBA N20E36 The Essex Executive MBA

Module description

This module introduces key aspects of accounting and finance, and some of its main applications in contemporary management and decision making. The central consideration of this module is that managers need to be aware of, and be able to critically evaluate, the informational outputs of accounting systems and financial management techniques, and how their application underpins managerial, financing and investment decisions, and contemporary issues of relevance to these techniques. This module also provides a foundation for the study of optional modules in accounting and/or finance.

Module aims

The aims of the module are:
1.to provide students with sufficient background understanding of accounting and finance principles and their role in the business decision-making process;
2.to enable students to understand selected accounting and finance techniques, their application in organisations and contemporary issues related to these techniques;
3.to support and encourage education and learning, and to foster the capacity for individual study; and
4.to facilitate development of critical and analytical thinking for further academic study, employment and personal development.

Module learning outcomes

On successful completion of the module, students will be able to:
1.Explain and apply the accounting principles and concepts underlying the preparation of financial statements, including notions of cash flow vs. accounting profit and concepts of assets, liabilities, and equity.
2.Be conversant with the form and content of company financial statements (e.g. income statement, cash flow statement, statement of financial position).
3.Apply financial analysis techniques to make informed decisions/recommendations/projections and be aware of selected earnings management practices and controversies associated with meeting analysts' earnings forecasts.
4.Gain clear conceptual understanding of managerial and cost accounting, cost elements and classification, cost behaviours and costing methods and short-term decision-making.
5.Evaluate investments employing standard criteria, such as Net Present Value, and explain their shortcomings.
6.Evaluate investments while employing models that match risk and return as well as describe the conditions in which the models can be reliably deployed.
7.Describe the irreversibility and flexibility of capital investments and illustrate the use of real options.
8.Describe the ways of raising finance and discuss the factors to be considered when deciding on a suitable balance between debt and equity capital.

Skills for Your Professional Life (Transferable Skills)
The module, class activities and coursework will help you to develop the following transferable skills:
a) Ability to develop critical and practical problem-solving skills.
b) Ability to develop interpersonal communication skills through debate and team presentations in class.
d) Ability to identify relevant information from case evidence and financial reports
c) Interpretation of accounting and financial information for decision-making

Module information

Skills for Your Professional Life (Transferable Skills)

The module, class activities and coursework will help you to develop the following
transferable skills:
a) Ability to develop critical and practical problem-solving skills.
b) Ability to develop interpersonal communication skills through debate and team
presentations in class.
d) Ability to identify relevant information from case evidence and financial reports
c) Interpretation of accounting and financial information for decision-making

Learning and teaching methods

There is a two day pre-sessional course on Thursday and Friday in week 4 preceding this module. This module will be delivered over a period of 5 days (Week 6). There will be two three hour sessions per day for 5 days, which brings to a total of 30 contact hours i.e. 15 hours for Accounting and 15 hours for Finance. However, the lecturers will be covering different topics as per the tentative programme detailed above. Each session can contain a combination of lecture, workshop, and case-based discussion. The first three days broadly consider the inter-relationships between providers of finance, accounting information (including the important assumptions underlying its preparation), and selected implications for market/external participants. The last two days dwell on the decision making process within the businesses and the use of accounting and financial techniques to underpin such decisions. Students are expected to prepare for each session (i.e., by undertaking the required readings) to enable them to actively engage with the session

Bibliography

  • McLaney, E. J.; Atrill, Peter. (©2016) Accounting and finance: an introduction, Harlow: Pearson.
  • Berk, Jonathan B.; DeMarzo, Peter M. (©2017) Corporate finance, Harlow: Pearson Education Limited.
  • Collier, Paul M. (2015) Accounting for managers: interpreting accounting information for decision making, Chichester: John Wiley & Sons Ltd.

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 In-class test 50%
Coursework Individual Essay 02/12/2019 50%

Overall assessment

Coursework Exam
100% 0%

Reassessment

Coursework Exam
100% 0%
Module supervisor and teaching staff
Hardy Thomas & Illeana Steccolini
hardt@essex.ac.uk tsooba@essex.ac.uk

 

Availability
No
No
No

External examiner

Dr Bidit Dey
Brunel University London
Senior Lecturer
Resources
Available via Moodle
Of 42 hours, 42 (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

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