Gwybodaeth Modiwlau

Module Identifier
AC34010
Module Title
ACCOUNTING AND FINANCE BUSINESS GAME
Academic Year
2012/2013
Co-ordinator
Miss Charlotte Allsopp
Semester
Semester 2
Pre-Requisite
AC30920
Pre-Requisite
AC30520
Other Staff
 

Course Delivery

Delivery Type Delivery length / details
Lecture 6 hours of lectures spread over the semester
Other 16 Hours. Group Work
 

Assessment

Assessment Type Assessment length / details Proportion
Semester Assessment Group Work - Presentation  1 piece of group work  20%
Semester Assessment Individual Diary  20%
Semester Assessment Individual Report  60%
Supplementary Assessment Individual assignment based on group presentation  Individual pieces of work only, students will resubmit only failed pieces of work.  Repeat Failed Elements or equivalent  20%
Supplementary Assessment Individual Diary  Repeat Failed Elements or equivalent  20%
Supplementary Assessment Individual Report  Repeat Failed Elements or equivalent  60%

Learning Outcomes

On successful completion of this module students should be able to:

Consolidate, and apply the techniques of the three core areas of accounting and use them in an applied manner.

Use and critically evaluate appropriate decision techniques to identify, formulate and solve business problems under conditions of risk and uncertainty.

Demonstrate and apply leadership ability to facilitate effective performance within a team environment

Aims

This module is a core module to the School’s N400 (Accounting and Finance)

Brief description

The module is designed to assist students in integrating the various disciplines studies in their Accounting and Finance degree (N400) through the use of an interactive business game.

Students are assigned into groups where they are required to act as directors running a company making regular decisions. The broad aims of the module are to consolidate technical knowledge by requiring students to make key decisions after performing appropriate analyses of detailed information about their company and its environment.

Content


Working in teams students take the role of directors of a company through the use of an interactive business game. As a member of the board of directors, students are responsible for the running of a company competing against other student-run companies, requiring you to make key decisions after performing appropriate analyses of detailed information about their company and its environment

As a board of directors students are required to make decisions concerning:
  • Staffing
  • Raw material costs, quality and quantities
  • Product prices and terms
  • Marketing
  • Research and development
  • Financing
To do this students will draw on the disciplines of financial accounting, management accounting, finance and management in general, and will use statistical and economic analyses as appropriate.

A key aspect of the module is the further development of personal and inter-personal skills, including: co-ordination, delegation, leadership, motivation, listening skills, responsibility, self-motivation, persuasion, reflection, focus, analyses, prioritising, perceptiveness and communication.

Module Skills

Skills Type Skills details
Application of Number • Develop an easy familiarity with numerical data sources and numerical data from the annual financial statements published • Apply numerical data to problem solving and decision making with care and accuracy • Assess the reasonableness of and interpret numerical solutions • Support assertions/arguments with appropriately developed and presented numerical data • Calculate and use descriptive statistics
Communication • Develop confidence in and clarity of oral communication via group work and the assessed presentation • Develop clarity and focus of written communication via development of answers to tutorial questions • Develop and use appropriate subject-specific vocabulary in oral and written communication
Improving own Learning and Performance • Identify and distil the key issues covered by group meetings and yearly financial results • Identify and use a range of learning resources • Structure study to accommodate intensive learning
Information Technology • Use a variety of electronic web- and library-based resources to review available information and retrieve pertinent information
Personal Development and Career planning • Develop skills in financial analysis and decision making which are essential to the aspiring general manager in the real world • Identify a variety of potential career routes within the financial and professional services sector
Problem solving • Identify the purpose of the ‘game’ and what needs to be achieved (maximize shareholder’s wealth) • Assess which data are pertinent to the problem • Recognize that alternative solution methods might be available • Select and apply appropriate methods for solving the problem • Assess the reasonableness of problem solutions and interpret those solutions
Research skills • Develop basic information accessing and reaching skills • Properly reference/attribute information sources • Select the most pertinent information for retrieval • Retrieve information • Re-assess the pertinence and assess the credibility of retrieved information
Subject Specific Skills • Develop competence in understanding and appropriately applying investment/financial mathematics, accounting and general management • Understand, analyze, interpret and synthesize between financial accounting, management accounting and market-based financial information • Make well-based financial recommendations and decisions • Bring financial analysis and decision making skills to the service of the business – in strategizing, marketing, operating, etc.
Team work • Students are assigned into groups for the practical element of this module • Develop experience of team work and develop team working skills via small group working and decision making

Reading List


The course manual which is distributed at the briefing lecture is essential reading

Notes

This module is at CQFW Level 6