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Unit information: Finance and Accounting for Management in 2020/21

Unit name Finance and Accounting for Management
Unit code ECONM1015
Credit points 15
Level of study M/7
Teaching block(s) Teaching Block 1 (weeks 1 - 12)
Unit director Ms. Spencer
Open unit status Not open




School/department School of Accounting and Finance
Faculty Faculty of Social Sciences and Law


This unit is designed to give the MSc in Management programme students a thorough grounding in the fundamentals of Finance and Accounting.

The following key areas in Accounting will be covered:

· Understanding and interpretation of the annual report and in particular the financial statements

· Cash management

· Short-run decision making, including break-even and cost-volume-profit analysis, relevant costing and opportunity costs

· Costing techniques, including full costing and activity based costing

The following key areas in Finance will be covered:

· Investment appraisal; including discounting, cost of capital, portfolio diversification, financing decisions and the role of the stock market

Intended learning outcomes

On successful completion of this unit a student will be able to:

1. Interpret and evaluate the health of an organisation using key financial information, such as financial statements and cash budgets, and make recommendations for improvements;

2. Explain and appraise cost concepts, information systems and quantitative techniques for internal control and decision-making;

3. Identify and apply the principles of investment appraisal;

4. Solve and assess finance problems, such as the calculation of the weighted average cost of capital, using a knowledge of basic financial mathematics.

Teaching details

Teaching will be delivered through a combination of synchronous and asynchronous sessions including lectures, tutorials, drop-in sessions, discussion boards and other online learning opportunities

Assessment Details

This unit will be assessed by 30% group coursework and 70% individual coursework

Reading and References

This unit does not have a core textbook. Students will be guided through a variety of readings during the unit via the unit resource list. These include academic papers, sections from a variety of books and media articles.