ULMS Electronic Module Catalogue

The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title FINANCE AND ACCOUNTING FOR MANAGERS
Code KMBA712
Coordinator Dr LB Day
Strategy, IB and Entrepreneurship
Lisa.Day@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2020-21 Level 7 FHEQ Whole Session 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):

KMBA710 BEING A LEADER 

Modules for which this module is a pre-requisite:

 

Programme(s) (including Year of Study) to which this module is available on a required basis:

 

Programme(s) (including Year of Study) to which this module is available on an optional basis:

 

Teaching Schedule

  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours           100

50

150
Timetable (if known)              
Private Study 0
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
             
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Assessment 4 There is a resit opportunity. Standard UoL penalty applies for late submission. Assessment Schedule (When) :Whole Session  Every 2nd week (Fina    30       
Assessment 3 There is a resit opportunity. Standard UoL penalty applies for late submission. Assessment Schedule (When) :Whole Session  Weekly    15       
Assessment 2 There is a resit opportunity. Standard UoL penalty applies for late submission. Assessment Schedule (When) :Whole Session  Weeks 3 and 5 (1500     15       
Assessment 1 There is a resit opportunity. Standard UoL penalty applies for late submission. Assessment Schedule (When) :Whole Session  weeks 1 2 4 6 & 8 ap    25       

Aims

This is the introductory core accounting and finance module for the MBA programme.  It provides students with an opportunity to examine and critically evaluate subject matter from the areas of financial accounting, managerial accounting, and corporate finance. These areas are considered in turn.

Financial Accounting: This portion introduces the main three financial statements and includes a critical analysis of the accounting frameworks and concepts underlying their preparation.  A basic understanding of accounting terminology and concepts will be acquired and as is necessary for the remaining two areas.

Managerial Accounting: This section will enable students to integrate fundamental managerial accounting topics with strategic analysis, in order to demonstrate how accounting information is used within an organization. This is necessary so as to equip them to make business decisions and critically evaluate their impact on various stakeholder groups. Accounting is a measurement process; for measures to be meaningful, managers need to know what to measure, how to measure, and what the strategic consequences of the measures will be.

Corporate Finance: The aim of this portion of the module is to enable students to apply finance theory and principles to the critical analysis of important business problems. Specific topics studied will include capital budgeting, cost of capital, capital structure, dividend policy, and enterprise valuation.


Learning Outcomes

(LO1) Prepare simple financial statements plus understand, critically analyse, and interpret published financial statements;

(LO2) Articulate the different roles of financial accounting, management accounting, and financial management, in terms of their use to business;

(LO3) Critically evaluate the role of the manager in the context of ethics, corporate social responsibility, corporate governance and stakeholder engagement;

(LO4) Understand how financing decisions and compensation choices affect managers’ incentives and decision-making;

(LO5) Understand, prepare, and critically analyse relevant cash flow forecasts and budgets within the context of alternative costing systems;

(LO6) Apply cost-volume-profit (CVP) analysis and articulate its uses and limitations in business decision making;

(LO7) Describe and critically appraise alternative financing sources for a venture and understand the impact of gearing decisions on operating and financial risk and performance;

(LO8) Apply and critically evaluate the uses and drawbacks of alternative investment appraisal techniques in dealing with resource constraints and within the context of a dynamic market place.

(S1) Communication Skills: Students will have opportunities to develop written and oral communication skills through group discussions, in-class presentations and coursework. This will be assessed by written assignments, reports, the dissertation and short individual and group presentations;

(S2) Problem Solving and Decision Making: Students will be challenged to think critically about organisational issues and dilemmas. They will do this by gathering and synthesising information, analysing alternative perspectives and options and presenting a considered opinion or course of action in their course assessment;

(S3) Numeracy Skills: Students will learn financial and statistical techniques. These are developed as part of the modules covering microeconomics, macroeconomics, econometrics and asset pricing theory;

(S4) Information and Communication Technology Skills: Students will have opportunities to improve their ICT skills. Students will demonstrate skills in the use of software applications including word processing, visual presentations, data bases, econometric packages, spreadsheets and using the internet for information searches in the course of researching and presenting coursework;

(S5) Group Working and Networking Skills: In class assignments for students will require them to work in groups and manage the interaction and relationships with other group members. In doing so, they will gain experience in negotiation, persuasion, influencing and managing conflict. Furthermore, students will be required to engage with fellow students and external business contacts in establishing a networked resource for the exchange of ideas and the development of future business relationships;

(S6) Personal Effectiveness: This applies to all modules where students will be encouraged to think critically about theory and practice and to challenge and critique assumptions about management, economic and financial theory;

(S7) Time Management: This applies to all modules of the programme and is relevant for planning scheduled work and meeting assessment deadlines. This will be evident in the students’ independent management of their assignments and coursework and by meeting coursework deadlines.


Teaching and Learning Strategies

Teaching Method 1 - Virtual classroom hours (for online modules)

Teaching Method 2 - Non-classroom hours (for online modules)


Syllabus

 

Introduction to accounting and finance; Financial statements: preparation; Financial statements: analysis, plus the role of regulation; Fundamentals on management accounting; Budgeting and financing the business; Fundamentals of financial management: capital budgeting; Working capital management and strategic management accounting; Accounting and strategy.


Recommended Texts

Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.