ACC1011 : Introduction to Management Accounting and Finance
- Offered for Year: 2025/26
- Available to incoming Study Abroad and Exchange students
- Module Leader(s): Dr Vu Trinh
- Lecturer: Mrs Gill Holden
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
| Semester 1 Credit Value: | 10 |
| Semester 2 Credit Value: | 10 |
| ECTS Credits: | 10.0 |
| European Credit Transfer System | |
Aims
To introduce students to the fundamental concepts and techniques required for understanding modern decision-making in management accounting and finance.
Outline Of Syllabus
1. Classification of Costs and Cost Behaviour
2. Materials and Labour Costs and Inventory Valuation.
3. Absorption Costing
4. Marginal Costing
5. Break-even Analysis and Limiting Factors (1 Scarce Resource)
6. Budgeting
7. Standard Costs
8. Variance Analysis for a Variable Costing System
9. Corporations and Corporate Governance
10. Present and Future Values
11. Investment Appraisal Techniques
12. Working capital management
13. Capital Structure and Cost of Capital
14. Introduction to Financing Sources
15. Performance Measurement
Content providing opportunities for the practical application of theory in corporate finance sectors.
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Scheduled Learning And Teaching Activities | Lecture | 30 | 1:00 | 30:00 | PiP - 1. Semester 1: 15 x 1-hour sessions = 15 lecture hours (including revision and Inspera guidance/exam mock sessions) 2. Semester 2: 10 x 1.5-hour sessions = 15 lecture hours (including revision and Inspera guidance/exam mock sessions) |
| Guided Independent Study | Assessment preparation and completion | 1 | 60:00 | 60:00 | Time for students to complete formative and summative assessments |
| Guided Independent Study | Directed research and reading | 1 | 66:00 | 66:00 | Estimated based on 3 hours per teaching week (11 teaching week per semester except 2 revision weeks) |
| Scheduled Learning And Teaching Activities | Small group teaching | 6 | 1:00 | 6:00 | PiP Seminars, 3 per semester |
| Guided Independent Study | Independent study | 1 | 38:00 | 38:00 | N/A |
| Total | 200:00 |
Teaching Rationale And Relationship
Small group teaching sessions are used to examine, explore and develop topics covered by the programme of structured guided learning sessions as well as guided independent study to develop subject specific skills.
Students are expected to discuss issues relating to the design and use of accounting information as well as gaining experience in the computational aspects of accounting.
Analytical skills are developed through the module.
The provision of immersive content that allows students to gain insights into career paths in corporate finance sectors and capital markets, supporting embedding of skills and enhances their understanding of how to apply theory in practice.
Learning is supported by the use of Canvas.
Assessment Methods
The format of resits will be determined by the Board of Examiners
Exams
| Description | Length | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|---|
| Digital Examination | 120 | 2 | A | 80 | Inspera |
| Digital Examination | 60 | 1 | A | 20 | Inspera |
Formative Assessments
Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.
| Description | Semester | When Set | Comment |
|---|---|---|---|
| Prob solv exercises | 1 | M | Practice questions provided |
| Prob solv exercises | 2 | M | Practice questions provided |
Assessment Rationale And Relationship
Examinations of particular length and style are necessary to meet accreditation requirements for accounting professional bodies.
The students need a formative assessment in order to prepare them for their 2 summative assessments. Therefore, there will be 2 summative and 2 formative assessments.
In the academic year 2025/2026, we will also apply PC examination using Inspera for all assessments in both semesters (20% semester 1 and 80% semester 2). We believe that this could improve the marking process and make the module assessments consistent across two semesters. PC exams were successful in 2023 /24 (2024/2025 has not yet taken place at the date of completing this MOF) and will continue in 2025/26.
In the case of alternative assessments being necessary due to circumstances, the module leader will in the first instance consult with the DPD as to the requirements of the professional accrediting body to discuss possible acceptable alternatives. In 2020/21 this alternative was a 24-hour take-home exam delivered online, and it is envisioned that if circumstances do not allow a present-in-person timed exam, and the professional body agrees, than this may well be an example of the type of alternative assessment which could be put in place.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- ACC1011's Timetable