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IB903 - Accounting & Financial Management

  • Module code: IB903
  • Module name: Accounting & Financial Management
  • Department: Warwick Business School
  • Credit: 10

Content and teaching | Assessment | Availability

Module content and teaching

Principal aims

This module introduces the key management area of accounting and finance. Often looked upon as a black art, or at best, a black box, the contents of which should be left to someone else, this subject is crucial for the rising manager to grasp. The intention of this module is not to try to turn students into accountants, but to try to enable them to enter into intelligent discussion with financial people and to be able to get the big picture rather than get lost in the detail. It is inevitable that there will be some calculations but there is also a heavy emphasis on understanding the issues around the numbers and the context in which they are set. The assessments will strike a balance between calculation, interpretation and discussion. The objectives for this module are to enable students to: (1) Understand the meaning of the key financial statements: profit and loss account, balance sheet and cash flow statement; (2) Interpret the key financial statements in order to assist decision making; (3) Appreciate the importance of cash flow management; (4) Use costing information to make short- and long-term decisions; (5) Appreciate the sources of finance available for a company and the role and importance of shareholders; (6) Understand the key issues of current ‘hot topics’ (that is, significant areas of current debate) in accounting and finance. When taught on the MBA for the Global Energy Industry the debate will include social and environmental accounting and the valuation and reporting of oil and gas reserves. An underlying objective behind all of the above is that students should be able to have better conversations with the financial personnel in their organisations – to ask better questions and to understand the answers (and perhaps have an inkling of when they should not be satisfied with the answer).

Principal learning outcomes

SUBJECT SKILLS: Describe the role of accounting in providing economic information (financial and non-financial) to users; Identify, analyse, interpret, and present relevant information to facilitate decision making; Apply accounting and financial concepts and practices to analyse business problems relevant to management decision making and recommend courses of action. COGNITIVE SKILLS: Develop and demonstrate written communication skills; Develop and demonstrate group/team work, oral communication and presentation skills. COGNITIVE / SUBJECT SKILLS: Assess the nature of accounting information and be able to describe the relationships between different types of financial statements and behavioural consequences of accounting decisions; Develop and demonstrate analytical, and problem solving skills. KEY / COGNITIVE / SUBJECT SKILLS: Apply key accounting and finance concepts and practices to analyse business problems; Prepare and present professional reports to recommend courses of action; Understand the use of accounting information in the context of management decision making and for the purpose of external publication.

Timetabled teaching activities

Total contact hours: 30; Lectures per week: 10x3; Module duration (weeks, if applicable): 10.

Departmental link

Module assessment

Assessment group Assessment name Percentage
10 CATS (Module code: IB903-10)
A (Assessed work only) Individual Assignment (3500 words) 100%

Module availability

This module is available on the following courses:

  • Postgraduate Taught Business Administration (N1P2) - Year 1
  • Postgraduate Taught Business Administration (N1P2) - Year 10
  • Postgraduate Taught Business Administration (N1P2) - Year 2
  • Postgraduate Taught Business Administration (N1P2) - Year 3
  • Postgraduate Taught Business Administration (N1P2) - Year 4
  • Postgraduate Taught Business Administration (N1P2) - Year 5
  • Postgraduate Taught Business Administration (N1P2) - Year 6
  • Postgraduate Taught Business Administration (N1P2) - Year 7
  • Postgraduate Taught Business Administration (N1P2) - Year 8
  • Postgraduate Taught Business Administration (N1P2) - Year 9
Optional Core