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DRPS : Course Catalogue : Business School : Business Studies

Postgraduate Course: Accounting (BUST11205)

Course Outline
SchoolBusiness School CollegeCollege of Humanities and Social Science
Course typeStandard AvailabilityNot available to visiting students
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) Credits10
Home subject areaBusiness Studies Other subject areaNone
Course website None Taught in Gaelic?No
Course descriptionThe course provides grounding in financial accounting sufficient for students to engage with accounting statements and numbers both in general management after the MBA and during the MBA in other courses which interface with Accounting (notably Strategy and Managerial Control).
It also provides the platform for a semester two course on finance.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements None
Additional Costs None
Course Delivery Information
Delivery period: 2011/12 Semester 1, Not available to visiting students (SS1) WebCT enabled:  Yes Quota:  None
Location Activity Description Weeks Monday Tuesday Wednesday Thursday Friday
No Classes have been defined for this Course
First Class First class information not currently available
Exam Information
Exam Diet Paper Name Hours:Minutes
Outwith Standard Exam Diets OctoberAccounting2:00
Summary of Intended Learning Outcomes
Knowledge and Understanding:

On completion of the course students should

a)understand the derivation of the three financial statements which provide the basis for corporate financial reporting

b)appreciate the strengths and the limitations of these statements

c)have acquired an ability to use financial statements to assess corporate performance in a variety of ways

Cognitive Skills:

The course engages with and develops numerical skills (the ability to prepare accounts), analytical skills (the ability to analyse accounts) and skills of synthesis and presentation (to write a report on a business based on its accounting statements).

Subject Specific Skills:

On completion of the course students should

a) demonstrate they can understand a straightforward profit statement, cash flow statement and balance sheet

b)demonstrate they can interpret a set of financial statements using ratio analysis and other analytical tools

c) demonstrate they can present the interpretation through a (succinct) written report

d)recognise several of the key issues relating to the preparation of financial statements
Assessment Information
Assessment is by a two-hour written unseen examination; the main difficulties and mistakes are written up in a feedback note for the students.

Assessment Criteria:
The grading of the examination is based on a threshold student demonstrating an understanding of the key concepts and numerical processes in the area addressed by the examination question, with a first-class student being able to demonstrate a critical understanding of the business through the financial statements.

Dates of Assessment:
During exam diet from 17-21 October, 2011
Special Arrangements
Additional Information
Academic description Not entered
Syllabus 1. Introduction. The nature and purpose of financial accounting. The framework of financial statement preparation for a retail company.
Chapters 1, 2

2. The financial statements: the balance sheet, income statement and cash flow statement. Income quality $ú cash backing for profits
Chapters 3, 4, 8, 11

3. Preparing the financial statements of a manufacturing company

4. Ratio analysis 1
Chapters 5, 6, 7, 9, 10, 16

5. Ratio analysis 2

6. Issues determining the strengths and weaknesses of financial accounting

7. Value determination and financial accounting
Chapter 12

8. Improving the information content of the financial accounting package
Chapters 17, 19

Transferable skills Not entered
Reading list &«Key Management Ratios&ª (4th edition) by Ciaran Walsh, FT Prentice Hall, 2005.
Study Abroad Not entered
Study Pattern Not entered
KeywordsNot entered
Course organiserProf Falconer Mitchell
Tel: (0131 6)50 8340
Course secretaryMr Stuart Mallen
Tel: (0131 6)50 8071
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