L1- Intro

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Lecture 1

Introduction

The module delivery will cover the following topic areas:

Business objectives

The use of Accounting Information;

The work of a Financial Accountant;

Company Financial Statement analysis;

The work of a Management Accountant;

Accounting for Decisions;

Accounting for Control;

The work of a Financial Manager;

Investment Appraisal;

Control of Working Capital.

Assignment

Friday 24 November 2017

13.00 hrs

Critically assess the financial and non-financial performance of a UK Plc. which will be given to you in your assignment.

Students are expected to provide a critical assessment of the topic area given and to support their assessment/critique and/or recommendations with reference to pertinent academic references.

It is essential that the given assignment topic is answered with explicit reference to wider academic reading and contextual analysis of businesses, if appropriate.

The following assessment strategies are used within this module:

One group assignment of 2000 to 2500 words. This will principally focus on the first four learning outcomes.

One 2 hour unseen examination. This will principally focus on the assessment of all learning outcomes, not covered by the assignment, by means of both numerical and discursive elements.

Assignment will carry 50 % and the unseen examination 50% of the overall grade for this module.

Reading:

Core text(s) Atrill, P. and McLaney, E. (2015) Accounting and Finance for Non-Specialists, 9th edition, Pearson Education Ltd. (Chapter 1)

Equivalent reading

Davies, T. and Bockzo, T (2005), Business Accounting and Finance, 2nd Edition McGraw Hill

Dyson, J.R. (2007), Accounting for Non Accounting Students, FT Prentice Hall, 7th Edition

Jones, M (2006), Accounting, 2nd Edition Wiley

Further reading

Alexander, D. and Nobes, C., (2004) Financial Accounting - An International Introduction, FT Prentice Hall, 2nd edition

Arnold,J. and Turley,S., (1996), Accounting for Management Decisions, Prentice Hall International.

Chadwick, L. (2002), Essential Finance & Accounting for Managers, FT Prentice Hall

Coombs,H.. & Jenkins,D. (2002) Public sector financial management 3rd edition

Thomson Learning

Drury,C. (1998), Costing: An Introduction, Thomson Learning Business Press.

Drury, C. (2001), Management Accounting for Decision Making, Thomson Learning, 6th edition

Emmanuel,C. and Otley,D. (1990), Accounting for Management Control, Thomson Learning.

Glynn,J., Perrin,J. and Murphy,M. (2003), Accounting for Managers, 3rd edition, Thomson Learning.

Holmes,G., & Sugden,A..(2008) Interpreting company reports & accounts 10th edition, F T Prentice Hall

Hopper, T., Scapens, R and Northcott, D Issues in management accounting 3rd edition

FT Prentice Hall

Horngren,C.T., Foster,G. and Datar,S.M., (2005), Cost Accounting: A Managerial Emphasis, Prentice Hall, New Jersey, 12th edition

Lumby,S. and Jones,C., (2001), Fundamentals of Investment Appraisal, Thomson Learning.

Pike,R. and Neale,B., (2005), Corporate Finance and Investment, Prentice Hall International, 5th edition

Watson,D. and Head,T., (2006), Corporate Finance, Principles & Practice, Financial Times Prentice Hall, 4th edition

Journal list

Accounting, Auditing and Accountability

Financial Accountability & Management (note - public sector oriented)

Management Accounting Research

Public Money and Management (note - public sector oriented)

Websites

ACCA www.acca.org.uk

Student Accountant Magazine -

http://www.accaglobal.com/students/student_accountant/

Accounting and Business Magazine -

http://www.accaglobal.com/members/publications/accounting_business/

The textbook is supported by a useful webpage which provides students with a comprehensive range of supplementary materials.

Please visit

www.pearsoned.co.uk/atrillmclaney

You will find MCQ, Blank Questions, additional exercises, solutions for review questions, etc. We strongly suggest that you use these free of charge support material to aid your learning process and your revision.

Other Sources:

http://www.financialtimes.co.uk

most companies now provide their annual financial statement on their web site http://markets.ft.com/markets/investorRelations.asp

- see also the ‘investor relations’ section of individual companies