Module Details

Module Code: MGMT7051
Title: Mgt. Accounting & Man. Fin.
Long Title: Management Accounting & Managerial Finance
NFQ Level: Intermediate
Valid From: Semester 1 - 2013/14 ( September 2013 )
Duration: 1 Semester
Credits: 5
Field of Study: 3450 - Business & Management
Module Delivered in: 1 programme(s)
Module Description: Appreciation of the basics of Finance and Management controls.
Review how financial decisions are made, both short term and long turn, based on knowledge of the benefits of costing and budgetary controls.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Recognise the principles underlying supply chain management accounting and managerial finance, and develop the skills required to assess the financial impact of decisions and contribute to the wider management decision-making process.
LO2 Appraise and interpret financial statements and prepare accounting information for management control and decision making.
LO3 Compute, interpret and investigate variances
LO4 Appraise the role of corporate planning and budgetary control as key elements in managerial finance, including the preparation and utilisation of performance measurement statements.
LO5 Analyse and assess investment appraisal and working capital management.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named MTU module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements

This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.
No requirements listed
 
Indicative Content
Syllabus Content
1. Introduction to the framework of management accounting & managerial finance. 2. The users of financial statements and their requirements. 3. Identification, calculation and uses of key financial ratios. 4. The purpose of standard costing and the calculation and interpretation of basic variances. 5. The purpose of budgeting, types and construction of budgets. 6. Identification of key investment appraisal techniques. How the various techniques are applied and their strengths and weaknesses. 7. Working capital management techniques.
Module Content & Assessment
Assessment Breakdown%
End of Module Formal Examination100.00%

Assessments

No Coursework
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 100
Timing End-of-Semester Learning Outcomes 1,2,3,4,5
Assessment Description
End-of-Semester Final Examination
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

The University reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Classroom lectures 13th Week 1.38 18
Tutorial Contact Supplying and directing reading material and providing exam feedback 13th Week 1.77 23
Independent & Directed Learning (Non-contact) Non Contact Research, self-study and exam preparation 13th Week 3.85 50
Total Hours 91.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 3.15
Workload: Part Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Classroom lectures 13th Week 1.38 18
Tutorial Contact Suppling and directing reading material and providing exam feedback 13th Week 1.77 23
Independent & Directed Learning (Non-contact) Non Contact Research, self-study and exam preparation 13th Week 3.85 50
Total Hours 91.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 3.15
 
Module Resources
Recommended Book Resources
  • Sciliano. Finance for non-financial managers, McGraw Hill, [ISBN: 13-978-0071413770].
  • Clive Marsh. (2009), Mastering financial management, Financial Times Prentice Hall, Harlow, [ISBN: 0273724541].
  • Colin Drury,. Cost and Management Accounting, [ISBN: 1408032139].
  • Lucey, T. (2000), “Costing “, DP Publications,, London,.
This module does not have any article/paper resources
This module does not have any other resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BSCTM_7 Bachelor of Business in Supply Chain and Transport Management 1 Mandatory