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Accounting & Finance for MSc - ELE00037H

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  • Department: Electronic Engineering
  • Module co-ordinator: Prof. Tony Ward
  • Credit value: 10 credits
  • Credit level: H
  • Academic year of delivery: 2022-23
    • See module specification for other years: 2021-22

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
  • Be able to classify the different types of assets required within an organisation to enable it to trade
  • Be able to describe qualitatively the difference between incremental and zero-based budgeting and how budgets are constructed within organisations
  • Be able to appraise the value to an organisation of an investment opportunity
  • Be able to prepare a cash flow forecast and from it derive a Profit & Loss Account and Balance Sheet

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

Assessment

Task Length % of module mark
Online Exam -less than 24hrs (Centrally scheduled)
Accounting & Finance for MSc Exam		 6 hours 100

Special assessment rules

Pass/fail

Reassessment

Task Length % of module mark
Online Exam -less than 24hrs (Centrally scheduled)
Accounting & Finance for MSc Exam		 6 hours 100

Module feedback

'Feedback’ at a university level can be understood as any part of the learning process which is designed to guide your progress through your degree programme. We aim to help you reflect on your own learning and help you feel more clear about your progress through clarifying what is expected of you in both formative and summative assessments.

A comprehensive guide to feedback and to forms of feedback is available in the Guide to Assessment Standards, Marking and Feedback. This can be found at https://www.york.ac.uk/students/studying/assessment-and-examination/guide-to-assessment/

The Department of Electronic Engineering aims to provide some form of feedback on all formative and summative assessments that are carried out during the degree programme. In general, feedback on any written work/assignments undertaken will be sufficient so as to indicate the nature of the changes needed in order to improve the work. Students are provided with their examination results within 20 working days of the end of any given examination period. The Department will also endeavour to return all coursework feedback within 20 working days of the submission deadline. The Department would normally expect to adhere to the times given, however, it is possible that exceptional circumstances may delay feedback. The Department will endeavour to keep such delays to a minimum. Please note that any marks released are subject to ratification by the Board of Examiners and Senate. Meetings at the start/end of each term provide you with an opportunity to discuss and reflect with your supervisor on your overall performance to date.

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.


The information on this page is indicative of the module that is currently on offer. The University is constantly exploring ways to enhance and improve its degree programmes and therefore reserves the right to make variations to the content and method of delivery of modules, and to discontinue modules, if such action is reasonably considered to be necessary by the University. Where appropriate, the University will notify and consult with affected students in advance about any changes that are required in line with the University's policy on the Approval of Modifications to Existing Taught Programmes of Study.