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.
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 this 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
Module leader:Alan Parkinson and Lynsie Chew
Who to contact for more information:email@example.com