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Financial Reporting for Management

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(BAM6008) Financial Reporting for Management

Version for Academic Year: 2013-14

20 Credits at HE6, UG Level 3
Module Type: Standard
Duration in Trimesters: 1. Trimester 3 Tuition: No
ECTS Value: 10
Marking Scheme: Numeric mark scheme (i.e. mark of 0-100)

Pass Mark

40%, The pass mark for the module is 40% with each item of assessment achieving a mark of at least 35%.

Delivery Type

This Module requires you to attend particular classes or events at particular times and in particular locations.

Pre-Requisites

None

Co-Requisites

None

Barred Combinations

None

Module Outline

Working as a business manager business prosperity will rely on your understanding of higher level financial skills This module will provide you with the opportunity to critically appraise the importance of financial awareness in management control systems, and critically review the methods by which the complexities of control may be handled.

Bolton values: Taught (T), Developed (D) and Assessed (A).

Indicative Content

Number

Description

1

Budgetary Control and Behavioural Aspects

2

Working Capital Management

3

Performance Measures and Internal Analysis

4

Activity Based Costing and related models

5

Variance Analysis

6

Transfer Pricing

7

Capital Budgeting

8

Cost Volume Profit Analysis (Multi-product solutions)

9

Strategic Management Accounting

10

Financing Business Operations (short and long term financing)

11

Decision Making Techniques

12

Risk Management

Learning Outcomes

On successful completion of this Module you will be expected to be able to:

 

Description

1

Identify and critically appraise relevant sources of accounting information to use in the presentation of solutions.

2

Evaluate the effectiveness of financial control in management control systems, identifying strengths, weaknesses and proposed changes.

3

Critically apply knowledge of the theories, concepts and models of financial control in management control systems to practical problems.

4

Synthesise understanding of the main financial control and management control systems, theories and concepts.

Learning And Teaching Strategy

The learning and teaching strategy will provide a variety of delivery methods that enable you to meet the learning outcomes for the module. Each topic will be introduced by a formal lecture. You will be expected to prepare in advance of each session by undertaking preliminary directed reading on the scheduled topic. Lectures will be followed by seminar sessions where you will examine case studies and practise numerical examples. This will provide you with the opportunity to demonstrate an understanding and application of the knowledge and concepts introduced in lectures and will allow for guidance and feedback on progression within the module.

Learning & Teaching Methods

Method

KIS Category

Hours

Lecture

Scheduled

12

Seminar

Scheduled

24

Tutorial

Scheduled

12

Guided independent study

Independent

152

 

Summary

%

Scheduled

24

Independent

76

Placement

0

Formative Assessment Strategy

Formative assessment is an aid to learning. It is designed to provide you with feedback on your progress and inform your development. It can be used to identify any areas which would benefit from extra attention on your part, or extra support from your tutor. It does not contribute to the overall formal assessment for the unit. During seminar time, you will be provided with a series of mini tasks to complete that will test your understanding of the topics covered. Informal formative assessment is provided in this module through seminar activities including workshop exercises and case studies, tutorial and individual feedback on assessment drafts. Tutorial time will enable students to explore aspects in more detail within a small group or on an individual basis.

Summative Assessment Strategy

The summative assessment strategy is designed to enable you to meet the learning outcomes through two methods of individual assessment, an assignment and examination. Your assignment will take the form of a report designed to determine your level of understanding of the theory. It will be a requirement of the assignment that you base their response on an evaluation of established and contemporary published literature, primarily academic journals, in this field, drawing on the literature to substantiate and support the formulated argument. The examination will take the form of a three hour examination which will have a greater focus on the application of problem solving skills. You will be allowed to bring personal notes into the examination, however text books will not be allowed.

Summative Assessments

Item

Final Item?

Assessment Method

KIS Category

Description

Learning Outcomes

Weighting %

001

No

Report

Coursework

1500 words

1 2

30

002

Yes

Written Exam

Written Exam

3 hours

3 4

70

 

Summary

%

Written Exam

70

Coursework

30

Practical

0

Learning Resources

Description

Emmanuel, C., Otley, D. and K. Merchant, K. (1990) Accounting for Management Control. 2nd ed. London: Chapman & Hall.

Glautier, M. and Underdown, B. (2011) Accounting Theory and Practice 8th ed. Harlow: Financial Times/Prentice Hall

Horngren, C. T., Bhimani, A., Datar, S. M. and Foster, G. (2008) Management and Cost Accounting. 4th ed. Harlow: Financial Times/Prentice Hall.

Merchant, K. and Van der Stede, W. (2007) Management Control Systems. 2nd ed. Harlow: Financial Times/Prentice Hall.

Seal, W. B., Garrison, R. H., and Noreen, E. W. (2011) Management Accounting. 4th ed. Maidenhead: McGraw-Hill.

Weetman, P. (2011) Financial and Management Accounting 5th ed. Harlow: Financial Times/Prentice Hall.

Web resources: Students will be expected to make extensive use of the electronic journals available to them via Athens.

Some publishers are starting to offer additional online materials. For example see: http://www.drury-online.com/

Feedback to Students

Formative and summative assessment feedback will be provided verbally in seminar and tutorial sessions and in writing on standard feedback templates with additional written commentary where appropriate within the terms of the University’s guidelines, which is a maximum of four weeks.

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