LAC2021 : Understanding Company Accounts
- Offered for Year: 2019/20
- Module Leader(s): Prof. Ileana Steccolini
- Owning School: Newcastle University Business School
- Teaching Location: London
|Semester 1 Credit Value:||10|
|Semester 2 Credit Value:||10|
- to enable students to appraise a company's financial condition and performance from its published accounts, paying particular attention to the context of its operating environment and accounting policy choices
- To develop project management skills
- To develop team working skills
- To develop report writing skills
- To develop presentational skills
- To develop computer literacy
Outline Of Syllabus
Analysis of the business environment, ratio analysis, report writing, working in teams, work on presentations.
A 6000 word project and presentation will be carried out in small groups of 4-6 students, analysing a set of company accounts.
|Guided Independent Study||Assessment preparation and completion||1||65:00||65:00||N/A|
|Scheduled Learning And Teaching Activities||Lecture||11||1:00||11:00||N/A|
|Guided Independent Study||Directed research and reading||1||60:00||60:00||N/A|
|Scheduled Learning And Teaching Activities||Small group teaching||4||1:00||4:00||N/A|
|Guided Independent Study||Independent study||1||60:00||60:00||N/A|
Teaching Rationale And Relationship
Lectures will explain the aims, objectives, structure and operation of the module, and students will form teams and be allocated a different company to each team. Lectures on team working and on the analysis and interpretation of company accounts will provide a framework for understanding the following key indicators of financial performance:
1. level of growth
2. profitability, cost structure and impact of accounting policies;
3. cash generation and liquidity;
4. level of investment as a safeguard for future profitability;
5. structure of a company's finance.
In addition, guest lecturers may provide sessions on report writing, team working, and the FAME database. The FAME database, which contains the accounts of all UK listed companies as well as those of large private companies, allows students to obtain comparative data for individual companies or industry sectors. Students are expected to obtain relevant background information from the library, which is well-stocked with periodicals, Financial Times CD ROM database, industry/economic reports etc. All students have the opportunity to consult with supervising staff on a group basis throughout the module. Students are required to take the intiative to arrange team meetings, consultations with staff as required, and to play a full part in the work of the group. Team working, research and report writing skills are thus developed through the project as well as analytical and numerical skills.
The format of resits will be determined by the Board of Examiners
|Report||2||M||80||Group project of 6000 words|
|Prof skill assessmnt||2||M||20||20 minute group presentation plus 10 minutes for questions|
|Oral Presentation||2||M||Practice presentation|
Assessment Rationale And Relationship
Individuals will receive the group mark adjusted according to the team members' assessment of each other's contributions to the report and presentation. Each team is to keep a log of its meetings, which should be handed in with the project itself. The Module Leader retains the right to adjust individual marks where it is deemed necessary in the interests of fairness.
The group report and group presentation test the students' knowledge and skills outcomes without exception.