NBS8122 : Accounting and Finance
- Offered for Year: 2024/25
- Module Leader(s): Dr David Grundy
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
| Semester 1 Credit Value: | 10 |
| ECTS Credits: | 5.0 |
| European Credit Transfer System | |
Aims
A fundamental part of successfully running a business is looking after its accounting statements and finances. Financial managers are entrusted with making various decisions. Managers should have a clear understanding of the essential aspects of financial and management accounting, and the principles and practices of modern finance to be effective in their jobs. This module adopts a case-based and flipped classroom approach, emphasizing real-world scenarios and active learning. It is designed to equip students with critical financial management skills, focusing on creating shareholder value and making informed financial decisions. Students will engage in analysing financial statements, investment opportunities, and the dynamics of financial markets, gaining insights into current issues in the field.
The aim of this module is to provide students with a comprehensive understanding of business accounting & finance emphasizing the application of financial decision making in real-world scenarios.
Financial Accounting
• To develop an understanding of accounting principles and the significance of financial information with a focus on analysing and interpreting financial statements.
Management Accounting:
• To explore the role of management accounting in organizational planning, control, and decision-making, emphasizing the design and operation of accounting systems.
Finance:
• To impart a solid foundation in finance principles, emphasizing the evaluation of financial decision making techniques and their application in organisational contexts.
Outline Of Syllabus
• The structure and content of annual reports
• Financial accounting statements and analysis
• Cost behaviour–fixed and variable costs
• Cost-volume-profit analysis and information for decision making
• Financial planning and control through budgeting
• Finance, ESG and Professional Codes of Conduct & Ethics
• Introduction to capital markets and market efficiency
• Corporate investment appraisal methods
• Financial Decisions in dividend policy & Cost of Capital
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Structured Guided Learning | Lecture materials | 9 | 1:00 | 9:00 | pre-recorded lecture material |
| Guided Independent Study | Assessment preparation and completion | 1 | 22:00 | 22:00 | N/A |
| Scheduled Learning And Teaching Activities | Lecture | 9 | 2:00 | 18:00 | PiP lectures |
| Guided Independent Study | Directed research and reading | 1 | 29:00 | 29:00 | N/A |
| Scheduled Learning And Teaching Activities | Workshops | 1 | 2:00 | 2:00 | PiP Assignment preparation support workshop |
| Guided Independent Study | Independent study | 1 | 20:00 | 20:00 | N/A |
| Total | 100:00 |
Teaching Rationale And Relationship
Lectures are used to introduce, explain and develop appropriate concepts and techniques; they also provide students with the opportunity to apply and develop abilities in an interactive environment involving group work.
Assessment Methods
The format of resits will be determined by the Board of Examiners
Other Assessment
| Description | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|
| Written exercise | 1 | M | 100 | 3,000 words |
Formative Assessments
Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.
| Description | Semester | When Set | Comment |
|---|---|---|---|
| Prob solv exercises | 1 | M | In-class revision exercises. |
Assessment Rationale And Relationship
100% Assignment:
Overall word limit 3,000 words maximum. The word count should include all the text (plus endnotes and footnotes), but exclude title page, contents page, acknowledgments, diagrams, tables, bibliography, and appendices.
Purpose:
To enable students to obtain, analyse and compare the financial reports and related information of two publicly quoted companies and express their findings in the form of a report to an identified user addressing questions in the areas of Financial Accounting, Management Accounting and Corporate Finance.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- NBS8122's Timetable