Module manager: Alice Shepherd
Email: A.K.Shepherd@leeds.ac.uk
Taught: Semester 1 (Sep to Jan) View Timetable
Year running 2014/15
None beyond programme pre-requisites LUBS1225 is a partial pre-requisite for the study of the following modules; - LUBS3120 - LUBS3150
| LUBS1230 | Financial Accounting for Managers |
| LUBS1235 | Introductory Financial Accounting |
| LUBS1250 | Management Accounting for Managers |
| LUBS1915 | Introduction to Financial Accounting |
| LUBS1925 | Introduction to Management Accounting |
| LUBS2120 | Accounting for Managers |
LUBS1230 & 1250
This module is not approved as a discovery module
Accounting for Managers is designed to provide an overview and introduction to how accounting information is used to help managers in organisations evaluate financial performance, position and make short-term and long-term decisions. Students will develop their understanding of key concepts and how to apply fundamental techniques in financial and management accounting.
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
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
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
| Delivery type | Number | Length hours | Student hours |
|---|---|---|---|
| Class tests, exams and assessment | 1 | 2 | 2 |
| Lecture | 11 | 1 | 11 |
| Seminar | 10 | 1 | 10 |
| Private study hours | 77 | ||
| Total Contact hours | 23 | ||
| Total hours (100hr per 10 credits) | 100 | ||
Students are expected to spend significant time outside of lectures reading, practising questions and preparing their answers to seminar questions.
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.
| Exam type | Exam duration | % of formal assessment |
|---|---|---|
| Standard exam (closed essays, MCQs etc) | 2.0 Hrs 0 Mins | 100 |
| Total percentage (Assessment Exams) | 100 | |
Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated
The reading list is available from the Library website
Last updated: 2/25/2015
Errors, omissions, failed links etc should be notified to the Catalogue Team