ACCT41510: Accounting (EBS)

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• To provide students with a critical appreciation of the financial tools of accounting and governance, in particular, the techniques of financial statement analysis, financial planning and investment appraisal.
• To provide a critical understanding of the factors affecting the financial planning and governance structures of a firm, giving insight into topical issues in the area.

• Fundamental Concepts of Accounting
• Measuring and Evaluating Financial Performance
• Measuring and Evaluating Cash Flows
• Working Capital Evaluation
• Financial Planning Techniques
• Investment appraisal
• Board of Directors and Audit Committee Accountability and Credibility
• Audit Data Analytics

Subject-specific Knowledge:

• Upon successful completion of the module, the students will have an advanced knowledge and critical appreciation of:
• the key financial statements;
• issues relating to working capital management;
• the concepts of budgeting and short term decision analysis;
• the factors affecting the capital structure and financing needs of a firm;
• the fundamentals of annual reports credibility;
• the mechanisms of corporate governance and accountability;
• the different benefits and challenges of dealing with big financial and non-financial data.

Subject-specific Skills:

• Upon successful completion of the module, students will:
• Have a critical understanding of how managers make financial decisions in a world of uncertainty and imperfect information;
• Be able to use key techniques for interpreting financial statements;
• Be able to use key techniques of investment appraisal;
• Critically understand and apply techniques of cash budgeting and working capital management;
• Be able to identify and evaluate the credibility of governance board and committees structures

Key Skills:

• Written communication
• Planning, organising and time management
• Problem solving and analysis
• Using initiative
• Computer literacy
• Big data analytics

• Learning outcomes are met through classroom-based workshops, supported by online resources. The workshops consist of a combination of taught input, groupwork, case studies and discussion. Online resources provide preparatory material for the workshops typically consisting of directed reading and video content.
• The formative assessment consists of classroom-based exercises involving individual and group analyses and presentations on specific business situations/problems relevant to the learning outcomes of the module.
• The summative assessment is a financial analysis, which is designed to test the ability to formulate a problem, apply appropriate business-analytics techniques to analyse it, and critically interpret the results obtained.

Classroom-based exercises involving individual and group analyses and presentations on specific business situations/problems relevant to the learning outcomes of the module. Oral and written feedback will be given on a group and/or individual basis as appropriate.

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