Accounting and Finance for Managers

Key information

Teaching department: UCL School of Management

Credit value: 15

Restrictions: This module is only available to UCL MBA students. You must have first completed ‘The Data Analytics Advantage’ module.

Alternative credit options: There are no alternative credit options available for this module.

Description

This module will provide you with a foundation in accounting and finance principles, enabling you to utilise current accounting information that organisations need to operate, develop and grow. You will consider questions such as: How do financial models deal with highly volatile markets or rapid rates of innovation in a market? How might accounting be disrupted by intelligent business systems?

Intended learning outcomes

By the end of the module, you should be able to:

  • understand the theoretical and conceptual underpinnings of, and frameworks for, financial accounting/reporting and as used in financial decision-making
  • construct income statements, cash flow statements and balance sheets
  • identify and interrogate issues in revenue recognition, expense recognition, accruals, prepayments, depreciation, inventory valuation and recognition of liabilities
  • assess financial performance and health using ratio analysis, through calculation and interpretation, linking such assessments to different types of industries and contexts
  • identify and apply differing approaches to cost determination and evaluate differences, not least in the context of a changing external environment
  • plan ahead through a range of techniques including break-even and cost-volume-profit (CVP) analyses, budgetary control and capital expenditure appraisal (CAPEX: Payback, NPV, IRR, PI)
  • understand the significance of opting for differing sources and mixes of long- and short-term financings, in the contexts of capital gearing (leverage) and weighted average cost of capital (WACC).

Module deliveries for 2020/21 academic year

Teaching and assessment

Methods of assessment:

  • Class interaction (20%)
  • Classwork: group paper (40%)
  • Classwork: individual paper (40%)

Mark scheme: Letter grades

Other information

Module leader: Alan Parkinson and Lynsie Chew

Who to contact for more information: admissions@onlinelearning.ucl.ac.uk