MMM8010 - ACCOUNTING FOR MANAGERS

Module Identifier

MMM8010

Module Title

ACCOUNTING FOR MANAGERS

Academic Year

2006/2007

Co-ordinator

Mr Teerooven Soobaroyen

Semester

Semester 1

Mutually Exclusive

MBM2010

Course delivery

Lecture

20 Hours.

Seminars / Tutorials

5 Hours.

Assessment

Assessment Type	Assessment Length/Details	Proportion
Semester Exam	2 Hours	70%
Semester Assessment	Group Project Analysis (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 and illustrate the rules and conventions by which financial statements are prepared.
Interpret company financial statements 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 exercise.
Identify and use internal accounting data for selected management accounting and decision-making scenarios.
Explain the budgeting process and prepare cost centre/cash budgets.
Explain and discuss on the contemporary management accounting techniques for assessing performance.

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

Notes

This module is at CQFW Level 7