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DRPS : Course Catalogue : Business School : Common Courses (Management School)

Postgraduate Course: Accounting (EMBA) (CMSE11234)

Course Outline
SchoolBusiness School CollegeCollege of Arts, Humanities and Social Sciences
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) AvailabilityNot available to visiting students
SCQF Credits10 ECTS Credits5
SummaryBusiness 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.
Course description 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.
Ratio analysis.
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)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements None
Course Delivery Information
Not being delivered
Learning Outcomes
On completion of this course, the student will be able to:
  1. Understand the derivation of the three financial statements which provide the basis for corporate financial reporting.
  2. Critically appreciate the strengths and the limitations of these statements.
  3. Use financial statements to critically assess corporate performance.
Reading List
C Walsh (2008) Key Management Ratios (4th Edition).
Additional Information
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

Transferable Skills:
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).
KeywordsAccounting Performance Analysis
Course organiserMr Adam Finkel-Gates
Tel: (0131 6) 51 5976
Course secretaryMrs Angela Muir
Tel: (0131 6)51 3854
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