Finance and Accounting

Code

BUSI4258

School

Nottingham University Business School

Level

4

Credits

10

Semesters

Full Year Malaysia

Summary

This module provides an introduction to the theory and practice of financial accounting and reporting, management accounting and finance. Both commercial and not-for-profit organisations will be considered.
Financial reporting is the process of presenting financial (and other) information to a range of stakeholders in order to ensure appropriate accountability and stewardship. Students will be encouraged to consider the need for integrityin financial accounting and reporting, and the potential limitations of regulation and standards.
Management accounting is concerned with the preparation and presentation of accounting information to aid managers in their jobs of planning, decision making and control. New and traditional management accounting techniques are analysed in the context of a changing management context with its emphasis on strategy, costing and performance metrics. The content of the module is aimed primarily at managers and not accountants.
The finance section emphasises two of the major financial decisions, the investment decision and the financing decision - where the money comes from and how it is best used within the organisation

Target Students

Only students registered on the MBA programme.

Classes

30 hours contact time over a one-week intensive block Activity : Lecture topics, industrial talks or other relevant module learning activities Number of weeks : 1 Week Number of sessions : 7 per week. Duration of a session : 3 hours (weekday) to 7.5 hours (weekend)

Assessment

• 40% Assignment 1: Company analysis (2000 words)
• 20% Assignment 2: Costing
• 40% Assignment 3: Finance (2000 words)

Educational Aims

Learning Outcomes

Knowledge and understanding
This module develops a knowledge and understanding of:

• Markets - the development and operation of markets for resources, goods and services
• International issues in business and management
• Finance - the sources, uses and management of finance; the use of accounting and other information systems for managerial applications
• People - the management and development of people within organisations
• The dynamics of the global economy and international business and/or an awareness of cultural, legal/regulatory, political and economic differences across countries and/or an appreciation of management issues from a global perspective.
• The importance of sustainability issues, including an understanding of the challenges and opportunities arising from the activities of people and organisations on the economic, social and environmental conditions of the future.

Intellectual skills
This module develops:

• Being able to think critically and be creative: manage the creative processes in self and others; organise thoughts, analyse, synthesise and critically appraise. This includes the capability to identify assumptions, evaluate statements in terms of evidence, detect false logic or reasoning, identify implicit values, define terms adequately and generalise appropriately
• Being able to solve complex problems and make decisions: establish criteria, using appropriate decision-making techniques including identifying, formulating and solving business problems; and the ability to create, identify and evaluate options; the ability to implement and review decisions
• Using information and knowledge effectively: scanning and organising data, synthesising and analysing in order to abstract meaning from information and to share knowledge
• Numeracy and quantitative skills including the development and use of relevant business models.

Professional practical skills
This module develops:

• The ability to conduct research into business and management issues either individually or as part of a team through research design, data collection, analysis, synthesis and reporting
• Effective performance within team environments and the ability to recognise and utilise individuals' contributions in group processes and to negotiate and persuade or influence others; team selection, delegation, development and management

Transferable (key) skills
This module develops:

• High personal effectiveness: critical self-awareness, self-reflection and self-management; time management; sensitivity to diversity in people and different situations and the ability to continue to learn through reflection on practice and experience
• Effective two-way communication: listening, effective oral and written communication of complex ideas and arguments, using a range of media, including the preparation of business reports

Conveners