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2014/15 Undergraduate Module Catalogue

LUBS2120 Accounting for Managers

10 creditsClass Size: 50

Module manager: Alice Shepherd
Email: A.K.Shepherd@leeds.ac.uk

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2014/15

This module is mutually exclusive with

LUBS1225	Accounting for Managers
LUBS1230	Financial Accounting for Managers
LUBS1235	Introductory Financial Accounting
LUBS1250	Management Accounting for Managers
LUBS1915	Introduction to Financial Accounting
LUBS1925	Introduction to Management Accounting

Module replaces

LUBS2235 & LUBS2245

This module is not approved as a discovery module

Objectives

This module aims to equip students with a sound overview of the accounting practices relevant to management. Students will be introduced to a range of themes in accounting and challenged to reach an understanding of their methodologies, and their significance to management.

Learning outcomes
Upon completion of the module students will be able to:
- Outline how core financial and management accounting information is prepared and used in organisations
- Recognise and explain fundamental concepts and techniques in financial and management accounting, including their benefits and limitations
- Summarise the effects of common financial transactions according to financial accounting principles to prepare basic financial statements
- Interpret a variety of financial statements to assess performance and position of the businesses whose results are being reported

Skills outcomes
Transferable:
- Work quickly and accurately when applying numerical techniques

Subject Specific:
- Apply fundamental accounting principles and techniques to prepare basic financial accounting and management accounting information
- Interpret information from core financial statements and explain the findings to provide a basic insight into the financial position and performance of a simple organisation
- Interpret the findings from applying management accounting techniques to make suggestions as to what decisions management should take
- Produce clear explanations of theoretical concepts and practical techniques, including benefits and limitations

Syllabus

Indicative content:
- Introduction to accounting
- Measuring and reporting financial position
- Measuring and reporting financial performance
- Measuring and reporting cash flows
- Analysis and interpretation of financial statements
- Principles of costing
- Accounting information for planning
- Accounting information for short term decision making
- Accounting information for long term decision making
- Accounting information for control

Teaching methods

Delivery type	Number	Length hours	Student hours
Class tests, exams and assessment	1	2.00	2.00
Lecture	11	1.00	11.00
Seminar	10	1.00	10.00
Private study hours			77.00
Total Contact hours			23.00
Total hours (100hr per 10 credits)			100.00

Private study

Students are expected to spend significant time outside of lectures reading, practising questions and preparing their answers to seminar questions.

Opportunities for Formative Feedback

Opportunities in weekly seminars to ask questions and go over example questions. MCQ class test giving instant feedback. Opportunity to submit one practice assignment for tutor marking and formative feedback.

Methods of assessment

Exams

Exam type	Exam duration	% of formal assessment
Standard exam (closed essays, MCQs etc)	2 hr 00 mins	100.00
Total percentage (Assessment Exams)		100.00

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Reading list

The reading list is available from the Library website

Last updated: 26/02/2015

Disclaimer

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