Introduction

This module provides an overview of accounting and finance issues:

From an external viewpoint it will include an analysis of company performance via the interpretation of corporate annual reports.  This interpretation will be set within the framework of the normative economic objective of shareholder wealth maximisation. It will, therefore, also involve a consideration of the process of shareholder value creation and the measurement of performance within this context.

From an internal perspective the module will consider the generation and analysis of information for management use.  This will involve an analysis of management accounting and its general role within activities such as planning, control, performance management and decision-making.

Assessment

The assessment of this module is based on 100% coursework.

The coursework will contain two elements:

1. Business Simulation (30%)

This will be based on a simulation exercise taking place in the European car manufacturing environment. This exercise will be completed on a group basis (of 4-6 members) alongside students from the Corporate Performance Management (ACFI5017) module (from the Full-time and Part-time MBA programmes), the Evaluation of Management Accounting (ACFI5006) module (from the MSc Accounting & Finance programme) and the Business in Context (LBPG5012) module (from the MSc Risk Management and MSc Intercultural Business Communications programmes). There will also be several teams from the University’s MSc IBM programme in Denmark.

The assessment of this simulation is made up of 3 elements each accounting for 10% of the overall module weighting:

1. An outline Business Strategy and Plan – due by 31^st October 2016 (Week 5)
2. A group presentation – 19^th January 2017 (week 16)
3. A summary management report – due by 23^rd January 2017 (Week 17)

Full details of the operation of this exercise will be given at a meeting from 5.00 – 6.00 p.m. on Friday 7th October in Hugh Aston 3.05. Details of group membership and a comprehensive briefing document will be distributed. It is vital to attend this meeting.

1. Individual Coursework (70%)

This work will be made up of tasks providing a full coverage of the module learning outcomes. The work will be analytical and evaluative in nature and a mixture of numeric and discursive responses.

The submission date for this assignment is 16th January 2017

Please be aware that time management will be a key factor in your success as you may have many assignment submission dates at a similar time. However, you will be able to make progress with the AFM assignment throughout Semester 1. Therefore, please do not leave the completion of your work until the last minute.

An overall grade of 50%, or above, is required in order to pass the module. Students must also achieve above 40% in each of the coursework elements (identified as A and B above).

A student failing the coursework will be required to undertake a referral assessment in the relevant element. The maximum mark for this referred work will be capped at 50%.

Class Contact

Please note that the class contact is organised as follows (allowing for any possible late changes to timetables or room numbers):

Tuesday                       14.00 – 16.00 Lecture

Room HU 3.03

Students will then attend a one-hour tutorial session at another time of the week.

Look at you own timetable for the correct session (this is personal to you).

Please note that you will be allocated to a tutorial group and should continually attend the correct session. This will ensure that your attendance is correctly recorded.

After each week’s lecture session you will be given work to complete for the following  tutorial sessions. It is anticipated that all students will complete this work and arrive at tutorials well prepared. This is how you will consolidate your learning.

You will also have reading to complete each week and the scheme below details the relevant reading from the recommended textbook:

Jones, M (2013) Accounting, 3^rd Edition, John Wiley & Sons Ltd

Additional books are given at the end of the module guide. You may also find these useful as replacement or supplementary reading.

Lecture Programme

Detailed Reading (on a weekly basis):

Reading List:

Essential Reading:

Jones, M (2013) Accounting (3^rd Edition), John Wiley & Sons Ltd

Subsidiary Reading:

Atrill, P. and McLaney, E. (2014), Accounting and Finance for Non-Specialists (9^th Edition),

Pearson.

Berry, A. and Jarvis, R. (2011), Accounting in a Business Context (5^th Edition), Thomson

Collis, J., Holt, A. and Hussey, R. (2012) Business Accounting: An Introduction to Financial and

Management Accounting (2^nd Edition), Palgrave Macmillan

Dyson, J. R (2010), Accounting for Non-Accounting Students (8^th Edition), FT Prentice Hall

Elliott, B and Elliott (2015), Financial Reporting and Accounting (17^th Edition), Pearson

Fields, E. (2011) The Essentials of Finance & Accounting for Non-Financial Managers (3^rd

Edition), Amacom

Fraser, L. and Ormiston, A. (2015), Understanding Financial Statements (11^th Edition),

Pearson

Glynn, J., Abraham, A., Murphy, M. and Wilkinson, W. (2008), Accounting for Managers

(4^th Edition), Thomson Learning

Gowthorpe, C. (2011), Business Accounting & Finance for non-specialists (3^rd Edition),

Cengage Learning

Hopper, T, Northcott, D and Scapens, R. (2007) Issues in Management Accounting, 3^rd

Edition, FT Prentice Hall

Hoque, Z (2006) Strategic Management Accounting, 2^nd Edition, Pearson Education.

McKenzie, W. (2009) FT Guide to Using and Interpreting Company Accounts (2^nd Edition),

FT/ Prentice Hall

Pendlebury, M. and Groves, R. (2004), Company Accounts: Analysis, interpretation and

Understanding (6^th Edition), Thomson

Ryan, R. (2008), Finance and Accounting for Business (2^nd Edition), Cengage Learning

Scott, P. (2015), Accounting for Business: an integrated print and online solution,(2^nd Edition)  Oxford

Weetman, P. (2013) Financial Accounting: An Introduction (6^th  Edition), FT/ Prentice Hall

Examples of Relevant Journals

Accounting, Auditing & Accountability Journal

Accounting, Organisations & Society

British Accounting Review

European Management Journal

Financial Management (US)

Harvard Business Review

Internal Control

Journal of Applied Accounting Research

Journal of Business Finance and Accounting

Journal of International Business Studies

Long Range Planning

Management Accounting Research

Strategic Finance

Strategic Management Journal

Examples of Periodical/Newspapers

Accounting & Business

Financial Management (UK)

Financial Times

Investors Chronicle

Management Accounting

Sunday Times

The Economist

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