Postgraduate Course: Accounting (EMBA) (CMSE11234)
||College||College of Arts, Humanities and Social Sciences
|Credit level (Normal year taken)||SCQF Level 11 (Postgraduate)
||Availability||Not available to visiting students
|Summary||Business leaders need a solid understanding of how their organisation is performing in order to monitor, control, assess and report on the contribution being made to shareholders and stakeholders. This course provides a thorough grounding in financial accounting sufficient for MBA students to compile, interpret and analyse a range of accounting statements and management performance ratios. The course provides a basis for the later study of more advanced financial analysis on the MBA but also provides the grounding necessary for non-specialists to engage in dialogue with accounting professionals and to better understand how organisations (their own and others) are performing.
The lecture programme proceeds through simple examples providing the opportunity in class for both class discussion and individual practice with numbers. Further practice is provided for the students outside of class with self-study exercises.
The nature and purpose of financial accounting.
The framework of financial statement preparation for a retail company.
The financial statements: the balance sheet, income statement and cash flow statement.
Income quality cash backing for profits.
Preparing the financial statements of a manufacturing company.
Issues determining the strengths and weaknesses of financial accounting.
Value determination and financial accounting.
Improving the information content of the financial accounting package.
Student Learning Experience:
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). A series of lectures are complemented with practical tutorials and exercises, supported by directed reading and monthly online tutorials.
Entry Requirements (not applicable to Visiting Students)
||Other requirements|| None
Course Delivery Information
|Academic year 2020/21, Not available to visiting students (SS1)
||Block 5 (Sem 2) and beyond
|Learning and Teaching activities (Further Info)
Lecture Hours 24,
Summative Assessment Hours 20,
Programme Level Learning and Teaching Hours 2,
Directed Learning and Independent Learning Hours
|Assessment (Further Info)
|Additional Information (Assessment)
||Written Open-Book Examination - 100%
||Feedback consists of two way communication sessions held during each practical session. Generic exam feedback and marks will be made available on Learn within one month of the exam at the end of the course.
Exam scripts cannot be taken away by students. Students who wish to view a marked exam script, should contact the programme support team to arrange a time.
||Hours & Minutes
|Main Exam Diet S2 (April/May)||2:00|
On completion of this course, the student will be able to:
- Understand the derivation of the three financial statements which provide the basis for corporate financial reporting.
- Critically appreciate the strengths and the limitations of these statements.
- Use financial statements to critically assess corporate performance.
|C Walsh (2008) Key Management Ratios (4th Edition).|
|Graduate Attributes and Skills
||Cognitive and Subject-Specific Skills:
Demonstrate understanding of a profit statement, cash flow statement and balance sheet.
Demonstrate ability to interpret a set of financial statements using ratio analysis and other analytical tools.
Demonstrate they can present the interpretation through a (succinct) written report.
Recognise key issues relating to the preparation of financial statements
Develop numerical skills (the ability to prepare accounts)
Develop analytical skills (the ability to analyse accounts)
Skills of synthesis and presentation (to write a report on a business based on its accounting statements).
|Keywords||Accounting Performance Analysis
|Course organiser||Mr Adam Finkel-Gates
Tel: (0131 6) 51 5976
|Course secretary||Mrs Angela Muir
Tel: (0131 6)51 3854