2017/18 Taught Postgraduate Module Catalogue

LUBS5982M Financial Reporting and Analysis

15 creditsClass Size: 200

Module manager: Cathy Myles
Email: c.myles@leeds.ac.uk

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2017/18

Module replaces

LUBS 5205M Accounting for Managers

This module is not approved as an Elective

Objectives

This module covers both financial accounting and management accounting. The financial accounting element introduces the key financial statements presented in published accounts and develops the skills necessary to prepare and analyse the results. The management accounting element introduces some of the methods and tools used by management teams to help in strategic planning and control. Overall, the aim is for students, many of whom have come from a non-accounting background, to be able to develop a broad accounting knowledge base, useful in a variety of management roles.

Learning outcomes
Upon completion of this module students will be able to critically assess:
- the meaning of (most) accounting terminology
- types of financial statements that are included in a published set of accounts, and be able to prepare these statements
- financial information arising from a variety of organisations
- the distinctions between accounting information produced by an organisation for external publication and accounting information produced for the internal purposes
- information associated with the analysis of cost behaviour, short and long-term projects

Skills outcomes
Upon completion of this module students will be able to:
Transferable
- Think critically and conduct analysis
- Apply numerical and quantitative skills including interpretation
- Communicate in writing to an advanced academic level

Subject specific
- Analyse both financial and management accounting information
- Prepare accounting information in a range of scenarios
- Apply current accounting regulation and relevant theory and practice guidelines to specific scenarios to offer solutions to problems

Syllabus

Indicative content:

- Introduction to the meaning and preparation of the basic financial statements – Statement of Financial Position, Income Statement and Statement of Cashflows
- Valuation issues in accounting
- Analysis and interpretation of accounting information
- Principles of absorption and activity-based costing
- Cost-Volume-Profit analysis
- Capital Investment Appraisal
- Quantitative and qualitative aspects of budgeting

Teaching methods

Delivery type	Number	Length hours	Student hours
Lecture	10	1.50	15.00
Seminar	10	1.50	15.00
Private study hours			120.00
Total Contact hours			30.00
Total hours (100hr per 10 credits)			150.00

Private study

- 50 hours reading for lectures
- 40 hours preparation for classes
- 30 hours examination revision.

Opportunities for Formative Feedback

- Progress will be monitored by contributions made to classes
- Formative feedback will be given on individual and group contributions to classes.
- Opportunity for studentsw to prepare draft essays and submit for formative feedback throughout module
- Mock exam issued week 6 or 7, with formative feedback available before the end of the semester

Methods of assessment

Exams

Exam type	Exam duration	% of formal assessment
Standard exam (closed essays, MCQs etc)	3 hr	100.00
Total percentage (Assessment Exams)		100.00

The resit for this module will be 100% by examination

Reading list

The reading list is available from the Library website

Last updated: 05/04/2018

Disclaimer

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