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Module

ACC1011 : Introduction to Management Accounting and Finance

  • Offered for Year: 2020/21
  • Module Leader(s): Mrs Gill Holden
  • Other Staff: Mr Stephen Rodgers, Mr Kevin Hunter
  • Owning School: Newcastle University Business School
  • Teaching Location: Newcastle City Campus
Semesters
Semester 1 Credit Value: 10
Semester 2 Credit Value: 10
ECTS Credits: 10.0

Aims

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

1.       Classification of costs
2.       Product costs & pricing: materials, labour & overheads
3.       Job costing
4.       Break-even analysis
5.       Budgeting
6.       Standard costs
7.       Performance evaluation & reporting
8.       Corporations and Value Maximisation
9.       Present and Future Values
10.       Investment Appraisal Techniques
11.       Working capital management
12.       Equity Valuation
13.       Introduction to debt & equity
14.       Working Capital Management

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Guided Independent StudyAssessment preparation and completion391:0039:00N/A
Structured Guided LearningLecture materials182:0036:00N/A
Structured Guided LearningAcademic skills activities181:0018:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching81:008:00N/A
Guided Independent StudyIndependent study981:0098:00N/A
Scheduled Learning And Teaching ActivitiesModule talk11:001:00N/A
Total200:00
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

Exams
Description Length Semester When Set Percentage Comment
Written Examination1802A100N/A
Exam Pairings
Module Code Module Title Semester Comment
LAC1011Introduction to Management Accounting and Finance1Semester 1 examination to be held in January and Semester 2 examination to be held in May/June
Formative Assessments
Description Semester When Set Comment
Prob solv exercises1MPractice questions provided
Prob solv exercises2MPractice questions provided
Assessment Rationale And Relationship

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

Reading Lists

Timetable