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Module Title LH Financial Accounting
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 07 15828
Module Lead Jo Watkins
Level Honours Level
Credits 10
Semester Semester 1
Restrictions Available to Postgraduate Diploma/Y1 MBA students only
Contact Hours Lecture-20 hours
Seminar-10 hours
Guided independent study-70 hours
Total: 100 hours
Description The module introduces students to the contents and preparation of Profit and Loss Accounts, Balance Sheets and Cash-flow Statements and other financial information provided in companies accounting reports. The emphasis is on using accounting information as a manager, with little emphasis on the mechanics of book-keeping. Some exercises in preparation of accounting statements are included in order to give students the necessary familiarity with the statements. The module continues by looking at the concepts underlying accounting information and the role of law and accounting standards in this. The module concludes by looking at the analysis and interpretation of financial statements, including the use of financial ratios. It also provides students with practice in performing these analyses.
Learning Outcomes By the end of the module the student should be able to: Understand the contents of reported financial statements; Prepare simple financial statements from source material; Calculate and understand the purpose of appropriate financial ratios; Discuss the bases of preparation of financial statements and their strengths and limitations in providing information on companies; Review financial statements in order to express opinions on the performance of the companies concerned.
Assessment 15828-04 : Assessment : Coursework (50%)
15828-05 : Exam : Exam (School Arranged) - Written Unseen (50%)
Assessment Methods & Exceptions 3 hr written examination 50%, One written assignment 3000 words 50%
Reading List