MGT603 - Module Outline with programme details.docVIP

THE SHEFFIELD MSC IN MANAGEMENT MODULE OUTLINE (Year 2008-9) MGT 6043 FINANCIAL and MANAGEMENT ACCOUNTING WELCOME Welcome to the start of the Accounting and Financial Management (AFM) module. The module consists of a total of twelve learning sessions. Five sessions are to introduce you to the financial accounting elements of the module and five sessions are on the financial management and management accounting elements. LEARNING OUTCOMES The broad objective of this part of the module is to provide an understanding of the theory and practice of external financial reporting and internal accounting and financial decision making by business organisations. More specifically it is intended that by the end of the unit, a successful candidate will be able to demonstrate: an understanding of traditional economic-based accounting theory and practice an awareness of the purpose, structure and limitations of published financial statements and an ability to use such statements to help interpret the financial condition of an organisation an awareness of the roles, techniques and limitations of accounting for purposes of decision-making and internal control an understanding of the theories underpinning financial management practices an understanding of the role of financial management in modern day organisations an awareness of the limitations of traditional financial management systems an appreciation of the strategic dimension of financial management systems THE MODULE PROGRAMME Date Details Tuesday 30th September Introduction to the Module. The meaning of financial information and accounting. The distinction between financial and management accounting. The need for financial accounting and accountability. Giving an account: measuring and reporting financial position and performance. Text reading: Atrill McLaney, chapters 1 2. Collier, chapters 1 2 3 5 9. Tuesday 7th October Financial statements: measuring and reporting performance and the const