AF4S48 - Accounting and Financial Control 01 Sep 2021 - 31 Aug 2026 | Version 1
Associated Module Information
| Module Code: | AF4S48 | ||
|---|---|---|---|
| Module Title: | Accounting and Financial Control | ||
| Faculty: | Faculty of Business and Creative Industries | ||
| Faculty Group: | Accounting and Finance | ||
| Faculty Sub Group: | Accounting and Finance | ||
| Module Leader: | Lucie Corcoran | ||
| Module Team: | Chibuzo Amadi, Jared Davies, Lucie Corcoran | ||
| First Intended Intake: | SEP 2021 | Final Year of Intake: | 2025 |
| Date Closed: | |||
| Credit Value: | 20 | Credit Level: | 7 |
| Language: | English | ||
| Percentage of Module Taught in Welsh: | 0 | ||
| Equivalent Module: | |||
| HECOS codes: | 100832 - financial management | ||
| HECOS Code Weighting: | 100 | ||
Document Version Information
| Version | 1 |
|---|---|
| Valid From | 01 Sep 2021 |
| Valid To | 31 Aug 2026 |
Module Aims
To develop knowledge and understanding of accounting terminology, theoretical frameworks and the main principles of financial accounting, management accounting
and financial management, in order to enable students to produce, interpret and critically evaluate various financial calculations and reports relevant to the decision-making
process for project managers, departmental heads and/or business owners.
To develop a critical awareness of contemporary accounting techniques that are utilised by organisations for the purposes of decision-making, monitoring, control and compliance.
Content Summary
One of the prerequisites of a successful project manager, departmental manager and/or business owner is the ability to produce, understand, interpret and critically evaluate financial information. Managers are often required to make investment decisions, manage financial resources, interpret financial information and interact with accountants in their day-to-day roles, but the terminology of the accountant can sometimes act as a barrier.
Accounting and Financial Control demystifies the language of the accountant and builds skills to enable students to produce,
understand, interpret and critically evaluate financial information such as investment appraisal analyses, budgets, financial statements and annual reports in order to select and manage projects and make decisions that will affect the strategic direction of the organisation.
Indicative
content:
Accountancy terminology, theoretical frameworks and principles
The preparation, presentation and analysis of financial and management accounting and financial management information and
the critical use of this information for corporate decision-making purposes
Critical evaluation of contemporary investment appraisal and budgetary techniques, and financial reporting issues
Learning and Teaching Methods
| Activity Type | Hours |
|---|---|
| Seminar | 40 |
| Independent Study | 80 |
| Directed Study | 80 |
| Total Hours Selected | 200 |
Learning Outcomes
| # | Learning Outcome |
|---|---|
| LO1 | Understand and apply accountancy terminology, frameworks and principles in order to prepare, present and critically analyse and<br />evaluate financial/management accounting and financial management information. |
| LO2 | Critically evaluate: contemporary techniques for investment appraisal, budgeting and financial reporting; the issues that affect<br />investment appraisal, budgets and financial statements; the use of financial information for corporate decision-making purposes. |
Module Requisites
N/A
Assessment Criteria
| Assessment Category | Assessment Type | Description | Duration | Word Count | Weight (%) | Best of? | Pass Mark |
|---|---|---|---|---|---|---|---|
| Synchronous Onsite Assessment | Classroom Test - Time Constrained (Onsite) 1 | A written in-class test where students apply and critically review accounting/financial management techniques and critically discuss related issues, including the financial impacts on strategic decision-making. | 120 | N/A | 50 | No | 40 |
| Synchronous Onsite Oral Assessment | Oral Assessment (Internally assessed, Onsite) 1 | Group presentation based on a case study scenario | 20 | N/A | 50 | No | 40 |
Assessment Matrix
| Assessment Type | Learning Outcomes | ||
|---|---|---|---|
| LO1 | LO2 | ||
| Classroom Test - Time Constrained (Onsite) 1 | ✔ | ✔ | |
| Oral Assessment (Internally assessed, Onsite) 1 | ✔ | ✔ | |