Accounting & Finance - ELE00015H
- Department: Electronic Engineering
- Credit value: 10 credits
- Credit level: H
- Academic year of delivery: 2022-23
Module summary
This module will give an introduction to Accounting and Finance. The key areas that will be covered include:
- Basics of Accounting and Finance;
- Company performance, investment opportunities plus product costing and pricing in the business and new venture contexts;
- Describe and analyze the interaction between Costs, Volume and Profit;
- Classification of assets within an organization;
- Budget construction to include zero based and incremental budgets;
- Appraise the value to an organization of an investment opportunity;
- Prepare a cash flow forecast and from it derive a Profit and Loss Account; and Balance Sheet.
Module will run
| Occurrence | Teaching period |
|---|---|
| A | Spring Term 2022-23 |
Module aims
Subject content aims:
- To build a good understanding of the foundations of accounting and finance including appropriate terminology
- To introduce the tools and techniques that can be used to understand and analyse financial issues such as company performance, investment opportunities and product costing and pricing in the business and new venture contexts
Graduate skills aims:
-
To develop skills in the selection and application of appropriate numeric and algebraic techniques
Module learning outcomes
Subject content learning outcomes
After successful completion of this module, students will:
- Be able to describe and analyse the interaction between Costs, Volume and Profit in the context of product manufacture and apply CVP analysis techniques to financial decision making (L4)
- Be able to classify the different types of assets required within an organisation to enable it to trade (L3)
- Be able to describe qualitatively the difference between incremental and zero-based budgeting and how budgets are constructed within organisations (L4)
- Be able to appraise the value to an organisation of an investment opportunity (L3, L5/6)
- Be able to prepare a cash flow forecast and from it derive a Profit & Loss Account and Balance Sheet (L3)
- [The L number in brackets after the learning outcome is its cognitive level according to Bloom’s taxonomy]
Graduate skills learning outcomes
After successful completion of this module, students will:
- Be able to explain and evaluate advanced technical concepts concisely and accurately
- Be able to select, adapt and apply a range of mathematical techniques to solve advanced problems
Indicative assessment
| Task | % of module mark |
|---|---|
| Online Exam -less than 24hrs (Centrally scheduled) | 100 |
Special assessment rules
None
Indicative reassessment
| Task | % of module mark |
|---|---|
| Online Exam -less than 24hrs (Centrally scheduled) | 100 |
Module feedback
Feedback on the examination performance will be provided within six weeks.
Indicative reading
"Accounting for non-specialists", Michael Jones,Wiley, ISBN 0-471-49572-7
"Accounting and Finance for non-specialists", Peter Atrill & Eddie McLaney, Prentice Hall, ISBN 0-13-309865-6
"Management and Cost Accounting", Colin Drury, Chapman and Hall, ISBN 0-41-246390-3
There is also an extensive online VLE resource for this module.