Course CodeBM404

ECTS

Course Description

Having an effective finance and accounting function will not only help secure the financial strength of a business but will also support managers to develop and implement a business strategy. The aim of this unit is, therefore, to develop, in learners, the theoretical and applied knowledge to prepare, interpret and adjust financial statements alongside the preparation of budgets.

Course Outline

Week	Topics
1	What finance and accounting are for: branches of accounting and keeping records
2	Rules and laws that shape finance and accounting
3	How finance and accounting support business decisions
4	Different financial statements and what each one shows
5	Preparing financial statements for a sole trader
6	Preparing financial statements for a partnership
7	Adjustments to financial statements: accruals, prepayments and interest
8	Midterm evaluation
9	Adjustments to financial statements: depreciation and debt allowances
10	Calculating financial ratios from a set of business accounts
11	Comparing organisational performance using historical financial data
12	Types of budget: operating, cash, fixed and master budgets
13	Budgeting approaches: incremental, activity-based, value proposition and zero-based
14	Preparing different types of budgets
15	Review and coursework completion
16	Final evaluation and project assessment

Learning Outcomes

LO1 Understand the context and purpose of finance and accounting.
LO2 Be able to prepare financial statements for different types of businesses.
LO3 Be able to interpret financial statements.
LO4 Be able to prepare a budget.

Learning Resources

Fields, E. (2018) Essentials of Finance and Accounting for Non-financial Managers. 3rd ed. New York: Amacom. McLaney, E. and Atrill, P. (2020) Accounting and Finance: An Introduction. 10th ed. Harlow: Pearson. Journal of Finance and Accounting Management Help Association of Accounting Technicians

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