|| MMM8010 |
|| ACCOUNTING FOR MANAGERS |
|| 2007/2008 |
|| Dr Teerooven Soobaroyen |
|| Semester 1 |
|| Ms Megan R Williams |
|| MBM2010 |
| Course delivery
|| Lecture || 20 Hours. |
|| Seminars / Tutorials || 5 Hours. |
|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%|
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.
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.
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
** 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,
Davies,T and Pain, B (2002) Business Accounting and Finance,
Fraser, Lyn M and Ormiston, Aileen (1998) Understanding Financial Statements,
Parker, R H (1999) Understanding Company Financial Statements,
This module is at CQFW Level 7