AF1S119 - The Management of Financial Information 01 Sep 2022 - 31 Aug 2028 | Version 4
Associated Module Information
| Module Code: | AF1S119 | ||
|---|---|---|---|
| Module Title: | The Management of Financial Information | ||
| Faculty: | Faculty of Business and Creative Industries | ||
| Faculty Group: | Accounting and Finance | ||
| Faculty Sub Group: | Accounting and Finance | ||
| Module Leader: | Alison Lane, Jared Davies | ||
| Module Team: | Kristy Elias, David Phillips, Ruth Ferguson, Claire Wright, Rob Seager, Adrienne Evans, Louise Miles | ||
| First Intended Intake: | SEP 2015 | Final Year of Intake: | |
| Date Closed: | |||
| Credit Value: | 20 | Credit Level: | 4 |
| Language: | English | ||
| Percentage of Module Taught in Welsh: | 0 | ||
| Equivalent Module: | |||
| HECOS codes: | 100845 - financial reporting | ||
| HECOS Code Weighting: | 100 | ||
Document Version Information
| Version | 4 |
|---|---|
| Valid From | 01 Sep 2022 |
| Valid To | 31 Aug 2028 |
Module Aims
To provide an understanding of the financial and management accounting systems and their conceptual basis.
To provide an understanding of the principles and techniques employed in the recording and accumulation of financial information.
To enable students to apply accounting principles and techniques in both a financial reporting and business decision making context.
Content Summary
The financial accounting element of this module seeks to enable students to gain an appreciation of the principles of the financial accounting framework, and an understand the nature of profit and its similarities and differences to cash flow. It also provides students with the ability to prepare simple end of the accounting period financial statements for a sole trader.
The management accounting element of this module provides a grounding in the basic concepts and principles of product/service costing, budgeting and investment appraisal These form the basis of accounting for decision making in a business context.
A blended approach will enhance the students learning experience by providing for interactive workshop sessions where students will prepare and compile appropriate financial and management accounting information, alongside the provision of synchronous and asynchronous teaching and support.
This module will facilitate the development of Personal Development Planning (PDP) through the delivery of the key skills identified.
Learning and Teaching Methods
| Activity Type | Hours |
|---|---|
| Seminar | 36 |
| Independent Study | 100 |
| Directed Study | 64 |
| Total Hours Selected | 200 |
Learning Outcomes
| # | Learning Outcome |
|---|---|
| LO1 | To gain a basic knowledge and understanding of the main technical principles and practices of financial and management accounting. |
| LO2 | Apply the main principles and practices of financial and management accounting in a non-limited business entity context. |
Module Requisites
N/A
Assessment Criteria
| Assessment Category | Assessment Type | Description | Duration | Word Count | Weight (%) | Best of? | Pass Mark |
|---|---|---|---|---|---|---|---|
| Asynchronous Assessment | Report 1 | A written report which draws on knowledge and material from the module | 0 | 2000 | 50 | No | 40 |
| Synchronous Onsite Assessment | Classroom Test - Time Constrained (Onsite) 1 | A written time constrained test administered within the timetabled teaching session | 60 | N/A | 50 | No | 40 |
Assessment Matrix
| Assessment Type | Learning Outcomes | ||
|---|---|---|---|
| LO1 | LO2 | ||
| Report 1 | ✔ | ✔ | |
| Classroom Test - Time Constrained (Onsite) 1 | ✔ | ✔ | |