MMM8010 - ACCOUNTING FOR MANAGERS

Module Identifier

MMM8010

Module Title

ACCOUNTING FOR MANAGERS

Academic Year

2005/2006

Co-ordinator

Mr Teerooven Soobaroyen

Semester

Semester 1

Mutually Exclusive

MBM2010

Course delivery

Lecture

Seminars / Tutorials

Assessment

Assessment Type	Assessment Length/Details	Proportion
Semester Exam	2 Hours	70%
Semester Assessment	Group Project Analysis Project (2000-2500 words)	30%
Supplementary Exam	2 Hours Resit/Re-submission of failed element or elements. The individual financial analysis project to be submitted as supplementary assessment in lieu of the Group Project.	100%

Learning outcomes

Having completed this module, student should be able to:

explain the various roles of the accounting function in organisations
explain, apply and illustrate the rules by which assets, liabilities, income and expense are determined for insertion into financial accounts.
describe and explain the conventions which underpin financial accounting.
describe, compare and contrast the different forms of UK business organisations
Interpret a simple company trial balance and then prepare a set of accounting statements (profit and loss account, balance sheet and cash flow statement).
interpret simple company financial statements, perform financial ratio analysis and prepare a simple analyst style report to interpret underlying business history, position and prospects.
explain and evaluate the effects of selected earnings management reporting issues that can impact on the financial analysis excercise.

Aims

This module aims to give students a practical grasp of accounting from two perspectives - external and internal. Firstly, the basics of financial accounting and the analysis of financial statements, (being the profit and loss account, balance sheet and cash flow statement) will be considered, as applicable to an external user of accounting information. Secondly, the management accounting perspective will cover the elements related to the internal use of accounting information, such as cost behaviour, financial decision making techniques, budgeting and financial control.

Content

Role and functions of accounting
The fundamentals and conventions of financial accounting
The form and content of published financial statements
The analysis of financial statements and selected earnings management issues
Management Accounting - Cost Concepts, Accumulation and Behaviour
Marginal Costing - Principles and Application
Cost Volume Profit Analysis - Applications
Budgeting Process and Preparing Selected Operational Budgets
Assessing internal performance - contemporary management accounting techniques

Reading Lists

Books
** Recommended Text
P M Collier (2006) Accounting for Managers 2nd edition. Wiley
** Supplementary Text
R H Parker (1999) Understanding Company Financial Statements, Penguin
P Attril and E McLaney (2004) Accounting and Finance for Non-specialists, Prentice Hall
T Davies and B Pain (2002) Business Accounting and Finance, McGraw Hill
Lyn M Fraser and Aileen Ormiston (1998) Understanding Financial Statements, Pearson

Notes

This module is at CQFW Level 7