Principles of Accounting

Code

BUSI4470

School

Business

Level

4

Credits

10

Semesters

Autumn UK

Summary

Financial statement analysis, managerial accounting for planning and control, budgeting, discounted cash flow and valuation, evaluating financial proposals.

Target Students

Only available for MSc International Business OR MSc Management students and MSc Exchange students.

Classes

• One 1-hour seminar each week for 3 weeks
• One 2-hour lecture each week for 10 weeks

Lectures: 2 hours X 10 weeks=20 hours Small group seminar: 3 hours Independent learning: 40 hours Exam preparation: 37 hours

Assessment

• 100% Take home exam (24-hour): Take home exam. Reassessment of this module will be 100% exam.

Assessed by end of designated period

Educational Aims

Learning Outcomes

Knowledge and understanding: 
This module develops a knowledge and understanding of:
•    The dynamics of the global economy and international business &/or an awareness of cultural, legal/regulatory, political, and economic differences across countries &/or an appreciation of management issues from a global perspective.
•    Customers and stakeholders - customer expectations, service and orientation
•    Finance - the sources, uses and management of finance
•    The use of accounting and other information systems for managerial applications
•    The management of resources
•    The management of projects
•    Information systems and business intelligence - the development, management, application and implementation of information systems and their impact upon organisations
•    Communications – the comprehension and use of relevant communications for application in business and management, including the use of digital tools

Intellectual Skills: 
This module develops:
•    Being able to think critically and be creative: manage the creative processes in self and others; organise thoughts, analyse, synthesise and critically appraise. This includes the capability to identify assumptions, evaluate statements in terms of evidence, detect false logic or reasoning, identify implicit values, define terms adequately and generalise appropriately
•    Being able to solve complex problems and make decisions: establish criteria, using appropriate decision-making techniques including identifying, formulating and solving business problems; and the ability to create, identify and evaluate options; the ability to implement and review decisions
•    Using information and knowledge effectively in order to abstract meaning from information and to share knowledge, including the use of quantitative skills

Professional Practical Skills: 
This module develops:
•    The ability to conduct research and enquiry into business and management issues either individually or as part of a team through research design, the collection and analysis of qualitative data, synthesis and reporting
•    The ability to conduct research and enquiry into business and management issues either individually or as part of a team through research design, the collection and analysis of quantitative data, synthesis and reporting
•    Effective performance within team environments and the ability to recognise and utilise individuals' contributions in group processes and to negotiate and persuade or influence others; team selection, delegation, development and management.  Leadership and performance management: selecting appropriate leadership style for different situations; setting objectives, motivating, monitoring performance, coaching and mentoring

Transferable (key) Skills: 
This module develops:
•    Effective communication: networking, listening, oral and written communication of complex ideas and arguments, using a range of media, including the preparation of business reports
•    High personal effectiveness: critical self-awareness, self-reflection and self-management; time management; conflict  resolution, displaying commercial acumen, the ability to continue to learn through reflection on practice and experience
•    Soft skills: understanding the needs of others and empathy towards them; sensitivity to diversity in people and in different situations

Conveners

• Dr Jing Chen