Skip to main content

Module

ACC1011 : Introduction to Management Accounting and Finance

  • Offered for Year: 2021/22
  • Module Leader(s): Dr Vu Trinh
  • Lecturer: Mrs Gill Holden
  • Other Staff: Mr Stephen Rodgers
  • 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.

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
Structured Guided LearningLecture materials161:0016:00Pre-recorded lecture materials, 8 hours spread over each semester
Scheduled Learning And Teaching ActivitiesLecture141:0014:00Pip Lectures, 7 per semester
Guided Independent StudyAssessment preparation and completion160:0060:00Time for students to complete formative and summative assessments
Guided Independent StudyDirected research and reading166:0066:00Estimated based on 3 hours per teaching week
Scheduled Learning And Teaching ActivitiesSmall group teaching61:006:00PiP Seminars
Guided Independent StudyIndependent study138:0038:00N/A
Total200:00
Teaching Rationale And Relationship

Small group teaching sessions are used to examine, explore and develop topics covered by the programme of structured guided learning sessions as well as guided independent study to develop subject specific skills.

Students are expected 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 module.

Learning is supported by the use of Canvas.

Assessment Methods

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

Exams
Description Length Semester When Set Percentage Comment
Written Examination1202A75N/A
PC Examination601A25N/A
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.

In the case of an alternative semester 2 assessment (worth 75% of the overall module mark) being necessary due to circumstances, the module leader will in the first instance consult with the DPD as to the requirements of the professional accrediting body to discuss possible acceptable alternatives. In 2020/21 this alternative was a 24 hour take home exam delivered online, and it is envisioned that if circumstances do not allow a present-in-person timed exam at the end of semester 2, and the professional body agrees, than this may well be an example of the type of alternative assessment which could be put in place.

Reading Lists

Timetable