·     Encourage the ability to think across management disciplines and to appreciate the significance of fiscal implications of decisions

·     Provide  students, with the conceptual foundations for understanding, analysing and interpreting financial information

·     Enable students to apply accounting principles to decision making in modern business organisations

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

This module enables students to: 

The Financial Environment 

    ·     Corporate governance 
·     Accounting Standards IFRS 
·     Accounting Principles and Company Reporting 
·     Analysis of the prime financial statements 
·     Basic Cost Management
·     Principles of Budgeting 
·     Capital Budgeting decision making
·     Working capital management
·     Sources and cost of finance
·     Cost of Capital

Students acquire their professional and practical skills and intellectual and cognitive skills through a menu of delivery modes. 

The following are used to facilitate the Learning Outcomes: 

• U-Learn 

U-Learn identifies the issues within all topic areas listed in the learning outcomes and directs students to the relevant reading in the set textbooks and journal articles. U-learn also includes activities that allow students to test their knowledge and understanding of the theories and concepts applied in the financial management context. It enables facilitation and interaction with the student body. 

Note: U-Learn is primarily designed for distance learning programmes.  For the full-time or part-time students, this is used as a supplementary learning aid.  

• Lectures/seminars/workshops 

Lectures are used to introduce, compare, contrast and contextualise theories and concepts.  Their primary aim is to improve student understanding and knowledge. 

 Seminars and workshops are used to apply theories and concepts to case studies and scenarios and students are encouraged to develop contextually relative thinking and a deeper appreciation of the subject matter.  Students are actively encouraged to work in teams and to present their findings to other students at regular intervals.

Core texts  

P Atrill and E. Mc Larney, 4th Edition, (2008) Accounting an Introduction, Prentice Hall FT, London .  

Supplementary Texts  

Davies, T. and Pain, B, (2002) Business Accounting and Finance, McGr aw Hill 

Dyson, J R (2006), Accounting for Non-Accounting Students, 5^th edition, Pitman Publishing.  

Howard. M (2008) Accounting and Business Valuation Methods: How to interpret IFRS accounts, CIMA Publishing, Elsevier Oxford*  

Holmes Sugden and Gee (2005), Interpreting Company Reports and Accounts, 9^th Edition, Pearson Education Ltd  

Pike R. and Neale B., Corporate Finance and Investment Decisions and Strategies, 5th Edition 2006, Pearson Education Europe .

At times you may wish to consult any of the dictionaries of Financial and Economic Terms, as produced by Reuters, Penguin and the Financial Times.

Journals

Journal articles relevant to the field of financial management may be accessed using the various Internet services to which SOM subscribes.  Particularly relevant is the information available through EBSCO, Reuters and Bloomberg.  Regular reading of papers such as the Financial Times, The Economist, and the Investor ' s Chronicle, many of which are received in the library or in electronic format, can only be beneficial.

Week     ACC.LAB	Area to be covered including reading     MSc Financial M: University of Surrey :Jan09	Learning outcomes achieved
1	Introduction to Finance     ·         The Financial Environment     ·         Introduction to financial accounting     ·         Profit and loss account     ·         Balance sheet     ·         Cash flow statement           Atrill and McLarney Chapters1,2,3 &6 (Appendix A)	1 ,2 &8
2	Company Accounts II     ·           Company Reports         Atrill and McLarney Chapters 4,5, 6 & 15	1 ,2 & 8
3	Analysing Company Accounts     Financial Analysis   Ratio analysis         Atrill and Mc Larney Chapter 7	1, 2 & 8
4	Corporate Governance     Corporate Structure   Financial Reporting Standards       Atrill and McLarney Chapter,5	1&8
5	Cost Accounting     ·         Introduction to management accounting     ·         Absorption costing     ·         Marginal costing     ·         Alternative Costing systems         Atrill and McLarney Chapters 8,9,10&11	3 & 8
6	Planning and Control     ·         Budgetary planning systems     ·         Standard Costing         Atrill and McLarney Chapters 12 & 13	3 & 8
7	Capital Budgeting and Investment Appraisal     ·         DCF,NPV,IRR,MIRR     ·         Project Cash Flows     ·         Cost of Capital         Atrill and McLarney Chapter 14	4, 5, 6& 8
8	Financing a Business     Sources of Finance     Weighted average Cost of Capital         Atrill and McLarney Chapters 15	5,6 & 8
9	Working Capital Requirement & Financing a Business     ·         Working capital         Atrill and McLarney Chapters 16	5, & 8