LAC1011 : Introduction to Management Accounting and Finance

Semester 1 Credit Value: 10
Semester 2 Credit Value: 10
ECTS Credits: 10.0


To introduce students to the fundamental concepts and techniques required for understanding modern decision-making in management accounting and finance.
To understand (at an introductory level) the academic discipline of accounting and finance within its environmental context.
To understand the design and use of elementary accounting and finance reporting systems.

Outline Of Syllabus

• Classification of costs
• Product costs & pricing: materials, labour & overheads
• Job costing
• Break-even analysis
• Budgeting
• Standard costs
• Performance evaluation & reporting
• Corporations and Value Maximisation
• Present and Future Values
• Investment Appraisal Techniques
• Working Capital Management
• Introduction to Debt & Equity

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Scheduled Learning And Teaching ActivitiesLecture361:0036:00N/A
Guided Independent StudyAssessment preparation and completion601:0060:00N/A
Guided Independent StudyDirected research and reading501:0050:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching91:009:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching21:002:00Help Sessions
Guided Independent StudyIndependent study431:0043:00N/A
Teaching Rationale And Relationship

Fortnightly workshops are used to examine, explore and develop topics covered by the programmes of lectures and guided reading and to develop subject specific skills.

In workshops, students have the opportunity to discuss issues relating to the design and use of accounting information as well as gaining experience in the computational aspects of accounting.

Analytical skills are developed through the workshops

Learning is supported by the use of Blackboard.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Description Length Semester When Set Percentage Comment
Written Examination601A25N/A
Written Examination1202A75N/A
Exam Pairings
Module Code Module Title Semester Comment
ACC1011Introduction to Management Accounting and Finance1Semester 1 and 2
Assessment Rationale And Relationship

Examinations of particular length and style are necessary to meet accreditation requirements for accounting professional bodies.

Reading Lists