MFM001-Building Value: Financial and Management Accounting Principles

Module Provider: Leadership, Organisations and Behaviour
Number of credits: 20 [10 ECTS credits]
Terms in which taught: Summer term module
Non-modular pre-requisites:
Modules excluded:
Module version for: 2017/8

Module Convenor: Dr Liang Han


Summary module description:

Building Value aims to develop students understanding  of key financial information and core financial techniques that facilitate interpretation of data in order to create value through planning, controlling and decision making activities. Students will be introduced to financial analysis tools and principles, as well as given the opportunity to study financial data from anonymised real organisations


To further develop previously identified high achieving students from the MPharm programme, allowing them a safe environment to begin to develop a thorough understanding of financial analysis techniques and develop an understanding of the importance and relevance of financial analysis tools to ensure the successful running of projects and organisations.

Assessable learning outcomes:


By the end of the module participants should be able to demonstrate knowledge and understanding of:

  • The nature of financial information, its purpose and the context of its use in organisations

  • Different types of financial information available, key financial techniques and their relevance to managers in planning, controlling and making decisions

  • The principles underpinning the production and use of financial information

  • Key aspects of economic theory and financial terminology, appreciating the distinction between financial and management accounting

  • Economic theory and recognise its underpinning in the production and evaluation of financial information

Additional outcomes:

Developing skills for presenting financial data to staff or team members with a lesser understanding of financial analysis tools

Outline content:

The module aims to develop an appreciation of

  • Key financial statements in terms of presentation, terminology and content

  • The role of budgeting within an organisation’s planning process

  • Different approaches to costing

  • Techniques of decision analysis

  • Financial information necessary that enable managers to make good decisions

  • The assessment of performance and key financial measures of performance

  • An assessment of organisational value

  • Basic concepts of economic thinking

  • Theories of supply and demand, markets and regulation and their relevance to the management of financial resources

Global context:

This module is part of the Certificate in Business and Administration delivered to MPharm Pharmacy undergraduate students during the Summer term.

Brief description of teaching and learning methods:

A blended learning approach comprising a 5 day workshop, facilitated on-line learning, personal study and assessment. The module aims to develop participants:

  • Knowledge and understanding of key financial and economic data that underpin the management function

  • Ability to interpret financial data and economic issues in order to have confidence to communicate and use key concepts

Contact hours:
  Autumn Spring Summer
Seminars 35
Guided independent study 165
Total hours by term 200.00
Total hours for module 200.00

Summative Assessment Methods:
Method Percentage
Report 70
Oral assessment and presentation 30

Other information on summative assessment:





Individual Report

2500 word report


Group  presentation and oral assessment

Assessed group work shop during workshop


 The assessment aims to test participants’ ability to apply learning from the course to analyse financial data, use key techniques and make recommendations.  The assessment will be via group work at the workshop where formative and summative assessment will be given (40% of the overall mark) and 60% of the overall mark will be based on individual analysis submitted at the end of the on-line learning.

Formative assessment methods:

Penalties for late submission:

Penalties for late submission on this module are in accordance with the University policy. 

Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information:

Length of examination:

Requirements for a pass:

40% pass mark for each assessment, with a module overall average of 50%

Reassessment arrangements:

Resubmission of report

Last updated: 31 May 2017

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