Introduction to Business Finance
- Module code
- Module leader
- Ian McLarty
- Module level
- Module credits
- Min study time
- 150 hours
- Contact Hrs within study time
- 25 hours
- Teaching period
- Semester 2
Introduction to the basic principles and conventions underlying the preparation of financial documents; the preparation and interpretation of the financial statements of sole traders. The preparation of cash flow forecasts to distinguish the difference between cash and profit. Construct and apply cash budgets and distinguish between sources of finance.
A basic introduction to management accounts and an examination of cost classification and cost behaviour. Simple break-even analysis and an introduction to investment appraisal.
To achieve credit for this module, students must be able to:
- Understand and apply basic accounting conventions.
- Prepare and interpret financial statements of sole traders.
- Use cash flow forecasts to distinguish between the cash and profit of business organisations.
- Understand the differences between the various cost classifications of a business and how they can be used to aid decision-making.
- Prepare and interpret simple capital investment appraisal techniques.
|Coursework||Written assignment (Trial balance construction + 1500 words)||70%|
|Examination||Open book exam (1 hour)||30%|
Students should be familiar with the content of at least one of the following:.
- Drury, C. (2015) Management and cost accounting. 9th edn. Cengage Learning.
- Weetman, P. (2016) Financial and management accounting: an introduction. 7th edn. Harlow: Pearson
- Atrill, P. and McLaney, E. (2015) Accounting and finance for non-specialists. 9th edn. Pearson Education.
- Wood, F. and Sangster, A. (2012) Frank Wood's business accounting 2. 12th edn. Harlow: Financial Times Prentice Hall.