Newcastle University

Aims

To provide an introduction to key concepts, terminology and knowledge in accounting and finance to facilitate career development in business rather than to lead to further accounting studies.

Original Summary:
An introductory module for non-specialists covering financial accounting, management accounting and some basic issues in finance. The module is designed to enable graduates to communicate with accounting and finance professionals and to enhance management career development.

Outline Of Syllabus

1-The nature and purpose of accounting
2-Users of financial statements and their needs, basics of UK Regulations - accounting rules
Balance Sheet and Income Statement – what they show – the measurement of wealth
3-How income and expenditure are measured.
4-Trial balance
5-Financial statements
6-Cash v Profit; Valuations in Balance Sheet
7-Financial Reporting - Company Accounts – Income statement, Balance sheet. Disclosure requirements
8-Cash Flow statements
9-Interpretation of Accounts
10-Fame and Amadeus
11-Introduction to Management Accounts
12-Direct and Indirect cost
13-Absorption & Activity Based Costing
14-Budgeting
15-Cash Forecasts, Credit Control
16-Standard Costing
17-Contribution Analysis
18-Sources of Finance & characteristics
19-Capital Appraisal

Teaching Rationale And Relationship

Students have the opportunity to apply analytical skills to a set of accounts. This also provides the opportunity to test skills of written presentation and financial analysis. The formal examination will assess candidates' ability to use and interpret accounting and financial data, as well as to explain key concepts.

Assessment Rationale And Relationship

The formal examinations will assess candidates' ability to intepret accounting and financial data, as well as to explain key concepts.