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ACCT1011: Financial Information for Managers

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Type	Tied
Level	1
Credits	20
Availability	Available in 2023/24
Module Cap	None.
Location	Durham
Department	Accounting

Prerequisites

None.

Corequisites

None.

Excluded Combinations of Modules

None.

Aims

To develop an understanding of the purpose of a range of financial reports, through study of aspects of the fundamentals of financial accounting and management accounting.
To provide an introduction to financial management and sources of finance.

Content

Fundamentals of accounting
Financial performance analysis
Performance management in a strategic context
Working capital management
Sources of finance
Cost Volume Profit Analysis
Budgetary systems and budgeting
Capital investment decisions

Learning Outcomes

Subject-specific Knowledge:

By the end of the module students should
Be able to demonstrate an appreciation of the role of accounting information, including its limitations
Have an understanding of basic financial statements
Have an appreciation of the uses and value of financial information to the managers of an organisation.
Have an appreciation of financial management and of the range of sources of finance available

Subject-specific Skills:

By the end of the module students should
Be able to interpret simple financial statements
Be able to apply a range of techniques of use to financial managers of an organisation
Be able to apply basic investment appraisal techniques

Key Skills:

Written communication and numeracy
Teamwork and communication skills

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

Learning takes place through attendance at, preparation for and participation in workshops, and private study.
Formative assessment is by means of on-line multiple choice tests.
Summative assessment is by means of a written assignment to test students' knowledge and understanding of the subject-matter.

Teaching Methods and Learning Hours

Activity	Number	Frequency	Duration	Total	Monitored
Workshops	10	Weekly	2 hours	20	Yes
Preparation and Reading				180
Total				200

Summative Assessment

Component: Assignment		Component Weighting: 100%
Element	Length / Duration	Element Weighting	Resit Opportunity
One written assignment	3500 words max	100	Same

Formative Assessment

Multiple choice tests: These will test students understanding and ability to apply the knowledge learned from the lecture contents which may comprise of topics from the two main areas studied as part of the module, management accounting and finance.

More information

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