Detailed examination of company accounts. Interpretation of company accounts using ratio analysis. Management of the working capital cycle.
Evaluate the differences between financial and management accounts. Cost classification, introduction to absorption and marginal costing. Contribution analysis. The budgetary process including the projection of final accounts and cash forecasting. Sources of finance. Capital Investment appraisal. Using financial analysis techniques to formulate a business plan.
To achieve credit for this module, students must be able to:
- Construct the final accounts of a range of limited companies and analyse their strengths and weakness through ratio analysis
- Recognise the major issues involved in the management of the working capital cycle of different enterprises.
- Identify the major sources of finance available to organisations and assess their suitability for the purchase of different categories of assets.
- Appreciate the contribution of financial techniques to the preparation of a business plan.
- Use management accounting techniques to aid decision-making.
|Coursework||Group Project Report and group presentation||50%|
|Examination||Multiple choice examination (2 hours)||50%|
Students should be familiar with the content of at least one of the following:
- Atrill, P. and McLaney, E. (2013) Accounting and Finance for Non-Specialists (8th Ed.) Pearson Ed.
- Seal, W., Garrison, R. and Noreen, E. (2013) Management Accounting, (4th edition), London:McGrawHill.