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Module

ACC1011 : Introduction to Management Accounting and Finance

  • Offered for Year: 2020/21
  • Module Leader(s): Mrs Gill Holden
  • Lecturer: Dr Vu Trinh
  • Other Staff: Mr Kevin Hunter, Mr Stephen Rodgers
  • Owning School: Newcastle University Business School
  • Teaching Location: Newcastle City Campus
Semesters
Semester 1 Credit Value: 10
Semester 2 Credit Value: 10
ECTS Credits: 10.0

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
2.       Product costs & pricing: materials, labour & overheads
3.       Job costing
4.       Break-even analysis
5.       Budgeting
6.       Standard costs
7.       Performance evaluation & reporting
8.       Corporations and Value Maximisation
9.       Present and Future Values
10.       Investment Appraisal Techniques
11.       Working capital management
12.       Equity Valuation
13.       Introduction to debt & equity
14.       Working Capital Management

Teaching Methods

Please note that module leaders are reviewing the module teaching and assessment methods for Semester 2 modules, in light of the Covid-19 restrictions. There may also be a few further changes to Semester 1 modules. Final information will be available by the end of August 2020 in for Semester 1 modules and the end of October 2020 for Semester 2 modules.

Teaching Activities
Category Activity Number Length Student Hours Comment
Guided Independent StudyAssessment preparation and completion301:0030:00N/A
Structured Guided LearningLecture materials182:0036:00N/A
Structured Guided LearningAcademic skills activities181:0018:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching61:006:00Assigned group seminars
Structured Guided LearningStructured non-synchronous discussion180:309:00Directed online discussion activity
Scheduled Learning And Teaching ActivitiesDrop-in/surgery51:005:00Synchronous, online - Q&A
Guided Independent StudyIndependent study193:0093:00N/A
Scheduled Learning And Teaching ActivitiesModule talk11:001:00Whole group session
Scheduled Learning And Teaching ActivitiesModule talk21:002:00N/A
Total200:00
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.

Learning is supported by the use of Canvas.

Assessment Methods

Please note that module leaders are reviewing the module teaching and assessment methods for Semester 2 modules, in light of the Covid-19 restrictions. There may also be a few further changes to Semester 1 modules. Final information will be available by the end of August 2020 in for Semester 1 modules and the end of October 2020 for Semester 2 modules.

The format of resits will be determined by the Board of Examiners

Exams
Description Length Semester When Set Percentage Comment
Written Examination1802A100N/A
Formative Assessments
Description Semester When Set Comment
Prob solv exercises1MPractice questions provided
Prob solv exercises2MPractice questions provided
Assessment Rationale And Relationship

Examinations of particular length and style are necessary to meet accreditation requirements for accounting professional bodies.

Reading Lists

Timetable