MM1F27-Business in Practice: Accounting for managers

Module Provider: Business Informatics, Systems and Accounting
Number of credits: 20 [10 ECTS credits]
Level:4
Terms in which taught: Spring term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2023/4

Module Convenor: Ms Sue Blackett
Email: s.blackett@henley.ac.uk

Module Co-convenor: Mrs Sian Weatherburn
Email: s.l.weatherburn@henley.ac.uk

Type of module:

Summary module description:

This module is delivered at the University of Reading and the University of Reading Malaysia

Aims:

The aim of this module is to provide students with a foundation in how businesses use accounting information. It will introduce students to management accounting and financial accounting, and it will provide the necessary foundation in accounting to allow them to specialise in their later studies.

Throughout the module there is a strong emphasis in both the teaching and assessment on the skills that students need to develop if they are to succeed in their careers.

Assessable learning outcomes:

At the end of this module, students will be able to:

Learning Outcome	Graduate Attributes
Explain the nature of accounting information and its role in external reporting and internal decision-making, planning and control in a business	Mastery of the discipline
Explain and apply the basic principles, underlying concepts and conventions relating to management and financial accounting	Mastery of the discipline
Explain various types of costs and costing approaches and apply them in calculations and in presenting information	Mastery of the discipline
Explain the nature and purpose of the major financial statements and undertake simple analysis of those statements	Mastery of the discipline
Discuss the nature and financing of businesses	Mastery of the discipline

Additional outcomes:

Workshops and assignments are also designed to encourage the development of oral communication and student effectiveness in group situations. Structured activities are designed to develop independent learning skills. IT skills are developed by the use of the Blackboard course management system. Students will develop reflective, adaptive and collaborative skills through the completion of module activities.

Outline content:

• Types of businesses and the purpose of accounting information;


• The role and nature of management and financial accounting;


• Introduction to the conceptual framework of financial reporting;


• Presentation and content of company financial statements;


• Introduction to the Financial accounting conventions and their application;


• Introduction to investment appraisal


• Introduction to financial statement analysis;


• Introduction to cost classification and behaviour;


• Introduction to contribution analysis;


• Introduction to cost assignment and full (absorption) costing;


• Introduction to budgeting as a tool of planning and control;

Global context:

The content will have a global focus where appropriate with examples drawn from international organisations.

Students will be expected to work within multinational (and multicultural) groups throughout the module, exposing them to different assumptions and approaches in practice as well as in theory.

Brief description of teaching and learning methods:

Lectures are used for the exposition of the main concepts principles and techniques associated with the discipline, workshops will focus on discussion and numerical application, in facilitated teamwork sessions.

Contact hours:

	Autumn	Spring	Summer
Tutorials		18	2
Guided independent study:
Wider reading (independent)		70
Advance preparation for classes		50
Revision and preparation		25	25
Reflection		10
Total hours by term	0	173	27
Total hours for module	200

Summative Assessment Methods:

Method	Percentage
Written exam	60
Project output other than dissertation	40

Summative assessment- Examinations:

There will be one 1.5 hour closed-book exam in the summer term.

The examination for this module will require a narrowly defined time window and is likely to be held in a dedicated exam venue.

Summative assessment- Coursework and in-class tests:

Project output other than dissertation

Group report of 1,500 words, to be submitted in week 8 of the Spring Term.

Formative assessment methods:

Activities will be set in workshops?to enable students to gain?numerical practice and seek clarifications. Most of this work is primarily designed as a learning vehicle in support of independent learning and assessment preparation. 

Penalties for late submission:

The Support Centres will apply the following penalties for work submitted late:

• where the piece of work is submitted after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for that piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of five working days;
• where the piece of work is submitted more than five working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

The University policy statement on penalties for late submission can be found at: https://www.reading.ac.uk/cqsd/-/media/project/functions/cqsd/documents/cqsd-old-site-documents/penaltiesforlatesubmission.pdf
You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

Assessment requirements for a pass:

A weighted average mark across all assessments of 40% or more.

Reassessment arrangements:

A re-sit examination only in the resit assessment period - i.e. late August or early September

Additional Costs (specified where applicable):

Cost	Amount
Required etext/ online resources	£30
Calculator: Any non-programmable one that meets University requirements	£15

Last updated: 12 April 2023