Accounting and Financial Management
On successful completion of this module students will be expected to be able to:
- Read and understand financial reports and company accounts;
- Comprehend the fundamental ideas and concepts of finance;
- Appreciate the usefulness and limitations of accounting in aiding financial management decisions; and
- Critically appraise key issues in accounting and finance raised in the media.
- Develop a logical approach in dealing with complex issues;
- Compute and solve numerical problems.
- Extent their knowledge on IT skills such as excel, word processing and simple statistical software;
- Research company's related information via the library resources and on the internet.
- Enhance personal ability to work independently;
- Continue to improve social skills through interaction during the seminars.
- Introduction to financial reports and statements (simple explanation of profit and loss accounts and balance sheets)
- Cash flow statements and financial ratio analysis
- Financial project appraisals (discounted cash-flow techniques, internal rate of return and payback period) and valuation of business
- Risk and return (including the Portfolio Theory)
- Cost of capitals and Capital Assets Pricing Model
- Capital structure theory
- Dividend policy
- Introduction to Management Accounting issues (budgeting; financial decision-making; Break-even concepts)
The aim of this module is to provide a solid understanding of the concepts of financial management for non accountants.
At the end of this module, students are expected to:
- Appreciate the use of accounting numbers in managing a company's performance (financial statement analysis)
- Understand corporate financial decision making through standard techniques such as Project appraisal, Risk and return and cost of capital
- Be aware of issues such as corporate long term survivability through the management of its capital structure
All dates and timetables are listed in the programme handbooks of individual programmes.
- Gitman, L J (2009), Principles of Managerial Finance (12th Edition), Pearson Addison Wesley