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DEGREE REGULATIONS & PROGRAMMES OF STUDY 2011/2012
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DRPS : Course Catalogue : Business School : Common Courses (Management School)

Postgraduate Course: Accounting and Financial Management (CMSE11104)

Course Outline
SchoolBusiness School CollegeCollege of Humanities and Social Science
Course typeStandard AvailabilityAvailable to all students
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) Credits15
Home subject areaCommon Courses (Management School) Other subject areaNone
Course website None Taught in Gaelic?No
Course descriptionThis is an introductory course on accounting and finance with a particular emphasis on understanding accounting information and financial management. Its objective is to provide the accounting and financial background desirable for any intending business manager, and an introduction to those analytical tools necessary to understand the financial management of an organisation and the interrelationship between the organisation&ęs accounting results, financing and valuation. Specifically we focus on the following topics: the accounting process, basic accounting statements and their interpretation, capital investment decisions, firm valuation, cost of capital, dividend policy and capital structure.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements None
Additional Costs None
Information for Visiting Students
Pre-requisitesNone
Displayed in Visiting Students Prospectus?No
Course Delivery Information
Delivery period: 2011/12 Semester 1, Available to all students (SV1) 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
Main Exam Diet S1 (December)Accounting and Financial Management2:00
Summary of Intended Learning Outcomes
Knowledge and Understanding:
On completion of the course students will:
* Understand basic accounts and appreciate their relationship to the performance, financing and valuation of a company.
* Recognise how accounts are a discipline in the process of valuation and performance measurement and form the basis of control and accountability.
* Be able to review financial statements and evaluate the performance of a firm.
* Appreciate how projects are evaluated using the idea of net present value both with and without uncertainty and how to use the idea of the weighted average cost of capital.
* Understand the role of risk in the pricing of assets and its role in the markets for equities and bonds.
* Learn how corporations raise capital and the valuation effects of capital structure decisions and dividend policy.
* Appreciate the role efficient capital markets play in effecting the value of traded securities and the implication of market efficiency for financial management.

Cognitive Skills:
On completion of the course students should have demonstrated that they are able to:
* Understand the basic concepts underlying accounting and finance.
* Critically appraise issues related to the problems involved in evaluating projects and in assessing the cost of capital.
* Appreciate the consequences for managers of capital structure and dividend policy and the impact of market efficiency upon shareholder value

Key Skills:
On completion of the assessed course work students should be able to:
* Be able to understand how the basic ideas and tools of accounting and finance work and how managers can use them.
* Critically appraise issues that affect firm valuation and the ability of firms to raise capital in financial markets.
Assessment Information
The course is assessed in two forms. The first is an assignment carried out in groups and worth 30%. The assignment is to evaluate the performance and prospects of an internationally competitive firm. The students are required to submit an evaluation of accounting performance at the end of the first half of the course and a completed report at the end of the course. The first submission is not assessed but is required. The second assessment is a degree examination worth 70%. This is a two hour exam in which you will be asked to complete a multiple choice part plus complete two questions from a selection of four.
Special Arrangements
None
Additional Information
Academic description Not entered
Syllabus Not entered
Transferable skills Not entered
Reading list Not entered
Study Abroad Not entered
Study Pattern Not entered
KeywordsNot entered
Contacts
Course organiserDr Yew-Ming Chia
Tel: (0131 6)51 3024
Email: Yew.Ming.Chia@ed.ac.uk
Course secretaryMs Eileen Robinson
Tel: (0131 6)51 3028
Email: eileen.robinson@ed.ac.uk
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© Copyright 2011 The University of Edinburgh - 16 January 2012 5:49 am