LAC1011 : Introduction to Management Accounting and Finance
- Offered for Year: 2019/20
- Module Leader(s): Dr Ekaete Efretuei
- Owning School: Newcastle University Business School
- Teaching Location: London
|Semester 1 Credit Value:||10|
|Semester 2 Credit Value:||10|
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
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
|Guided Independent Study||Assessment preparation and completion||58||1:00||58:00||N/A|
|Scheduled Learning And Teaching Activities||Lecture||30||1:00||30:00||N/A|
|Guided Independent Study||Directed research and reading||55||1:00||55:00||N/A|
|Scheduled Learning And Teaching Activities||Small group teaching||10||1:00||10:00||N/A|
|Guided Independent Study||Independent study||47||1:00||47:00||N/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.
The format of resits will be determined by the Board of Examiners
|Module Code||Module Title||Semester||Comment|
|ACC1011||Introduction to Management Accounting and Finance||1||Semester 1 and 2|
|Prob solv exercises||1||M||Seminar questions provided|
|Prob solv exercises||2||M||Seminar questions provided|
Assessment Rationale And Relationship
Examinations of particular length and style are necessary to meet accreditation requirements for accounting professional bodies.