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DEGREE REGULATIONS & PROGRAMMES OF STUDY 2014/2015
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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
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) AvailabilityAvailable to all students
SCQF Credits15 ECTS Credits7.5
SummaryThis 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's 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.
Course description Not entered
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements For Business School PG students only, or by special permission of the School. Please contact the course secretary.
Information for Visiting Students
Pre-requisitesNone
Course Delivery Information
Academic year 2014/15, Available to all students (SV1) Quota:  None
Course Start Semester 1
Course Start Date 15/09/2014
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 150 ( Lecture Hours 30, Summative Assessment Hours 2, Programme Level Learning and Teaching Hours 3, Directed Learning and Independent Learning Hours 115 )
Assessment (Further Info) Written Exam 70 %, Coursework 30 %, Practical Exam 0 %
Additional Information (Assessment) Assignment 30%
Exam 70%
Feedback Not entered
Exam Information
Exam Diet Paper Name Hours & Minutes
Main Exam Diet S1 (December)Accounting and Financial Management2:00
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.
Reading List
None
Additional Information
Graduate Attributes and Skills Not entered
Additional Class Delivery 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.
KeywordsMGMT-AFM
Contacts
Course organiserDr Yew-Ming Chia
Tel: (0131 6)51 3024
Email: Yew.Ming.Chia@ed.ac.uk
Course secretaryMr Peter Newcombe
Tel: (0131 6)51 3013
Email: Peter.Newcombe@ed.ac.uk
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