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ACCT1011: Financial Information for Managers

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Type	Tied
Level	1
Credits	20
Availability	Available in 2024/2025
Module Cap	None.
Location	Durham
Department	Accounting

Prerequisites

None.

Corequisites

None.

Excluded Combinations of Modules

None.

Aims

To develop an appreciation of the role of financial information in the world of business.
To develop an understanding of financial statements and wider reporting to external users.
To develop an appreciation of aspects of management accounting and its role in supporting effective financial management of an organisation.

Content

Fundamentals of accounting
Analysis of financial statements
Performance measurement, including environmental and social impact
Working capital management
Sources of finance
Cost Volume Profit Analysis
Budgetary systems and budgeting
Capital investment decisions

Learning Outcomes

Subject-specific Knowledge:

By the end of the module students should
Be able to demonstrate an appreciation of the role of financial information in the business world
Have an understanding of basic financial statements
Have an understanding of non-financial performance measurement
Have an appreciation of the uses and value of internal financial information in the management of organisations
Have an appreciation of basic sources of finance and techniques used to make simple investment decisions

Subject-specific Skills:

By the end of the module students should
Be able to interpret simple financial statements
Be able to evaluate financial performance
Be able to interpret non-financial performance indicators

Key Skills:

Written communication and numeracy
Teamwork and communication skills

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

Learning takes place through attendance at, preparation for and participation in workshops, and private study.
Formative assessment is by means of on-line multiple choice tests.
Summative assessment is by means of a written assignment to test students' knowledge and understanding of the subject-matter.

Teaching Methods and Learning Hours

Activity	Number	Frequency	Duration	Total	Monitored
Workshops	10	Weekly	2 hours	20	Yes
Preparation and Reading				180
Total				200

Summative Assessment

Component: Assignment		Component Weighting: 100%
Element	Length / Duration	Element Weighting	Resit Opportunity
One written assignment	3000 words max	100	Same

Formative Assessment

Multiple choice tests: These will test students understanding and ability to apply the knowledge learned which may comprise of topics from the two main areas studied as part of the module: financial and management accounting.

More information

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