Assessment Pattern

This module aims to give the student an understanding of the principles governing financial management of a business. It will equip the student with basic accounting knowhow and as a manager with the knowledge of evaluating the financial needs of a business, identifying possible sources of that finance, and of determining the most effective course of action to obtain that finance. It will also provide an appreciation of the role of the finance function in the commercial life of the business.

On successful completion of this module the students will be able to:

·       Understand the place of the accounting and finance function in the commercial life of a business, and its relationship with the corporate planning process.

·       Be able to familiar with basic financial statements and interpret the accounting figures through financial analysis tools.

·       Comprehend the financial structure of public companies and their accounting regulations.

·       Be able to estimate the financial needs of a business; identify and select from the possible sources, and produce a rationale for the choice.

·       Demonstrate an ability to evaluate potential investments of funds, and select suitable ones in the late of financial constraints and the corporate plan.

·       Introduction to Accounting

·       An overview of financial statements

·       Double entry system

·       Preparation of financial statements

·       Financial Statement Analysis and Interpretation

·       Introduction to Business Finance

·       Working Capital Management

·       Time Value of Money

·       Capital Investment Appraisal

·       Asset Valuation

·       Risk and Return

·       Portfolio Theory

The teaching and learning strategy is designed to allow a student to come to grips with what is essentially a subject of mixed theory and practice.

·                Weekly one-hour lecture incorporating class-room participation for better understanding.

·                Weekly tutorial sessions for solving problems to understand the contents covered in lectures. The tutorials cover worked examples which are an integral part of the module.

·                Utilizing ULearn as the main pool of resources including lecture handouts, tutorial problems, mock exercise, and discussions. Besides using ULearn as the main means of communication to establish resource efficiency and communicational effectiveness.

·                Weekly office hours provided by lecturers

·                Support of lecture material by directed reading in selected textbooks and journal articles.

Assessment Strategy:

The assessment strategy is designed to use the first class test on accounting topics and the final exam on the finance topics. Both the class test and exams will be based on similar short questions used in the tutorials, where numerical and theoretical questions will be asked for assessing the ach8ievement of the learning outcomes.

Essential Reading

Cox, D. (2004), Business Accounts (Accounting and Finance S.), 3rd ed., Osborne Books

McLaney, E. (2006), Business Finance: Theory and Practice, 7th ed., FT Prentice Hall

Recommended Reading

Britton, A. and Waterston, C. (2003), Financial Accounting, 3rd ed., FT Prentice Hall

Atrill, P. and McLaney, E. (2004) Accounting and Finance for Non-Specialists, FT Prentice Hall

Background Reading

Atrill, P. (2006) Financial Management for decision makers, 4^th ed. FT Prentice Hall

Davies, T. and Boczko, T. (2005) Business Accounting and Finance, 2nd ed. McGraw-Hill

Myddelton, D.R. (2000) Managing Business Finance, FT Prentice Hall