MM1F27: Business in Practice: Accounting for managers

Module code: MM1F27

Module provider: Business Informatics, Systems and Accounting; Henley Business School

Credits: 20

Level: Level 1 (Certificate)

When you'll be taught: Semester 2

Module convenor: Mrs Sian Weatherburn, email: s.l.weatherburn@henley.ac.uk

Pre-requisite module(s):

Co-requisite module(s):

Pre-requisite or Co-requisite module(s):

Module(s) excluded: IN TAKING THIS MODULE YOU CANNOT TAKE AC110 (Compulsory)

Placement information: NA

Academic year: 2024/5

Available to visiting students: Yes

Talis reading list: Yes

Last updated: 28 May 2024

Overview

Module aims and purpose

The aim of this module is to provide students with a foundation in how businesses use accounting information. It will introduce students to management accounting and financial accounting, and it will provide the necessary foundation in accounting to allow them to specialise in their later studies.

Throughout the module there is a strong emphasis in both the teaching and assessment on the skills that students need to develop if they are to succeed in their careers.

The module lead at the University of Reading Malaysia is John Clement Tang.

Module learning outcomes

By the end of the module, it is expected that students will be able to:

1. Explain the nature of accounting information and its role in external reporting and internal decision-making, planning and control in a business.
2. Explain and apply the basic principles, underlying concepts and conventions relating to management and financial accounting.
3. Explain various types of costs and costing approaches and apply them in calculations and in presenting information.
4. Explain the nature and purpose of the major financial statements and undertake simple analysis of those statements.
5. Discuss the nature and financing of businesses.

Workshops and assignments are also designed to encourage the development of oral communication and student effectiveness in group situations. Structured activities are designed to develop independent learning skills. IT skills are developed by the use of the Blackboard course management system. Students will develop reflective, adaptive and collaborative skills through the completion of module activities.

Module content

• Types of businesses and the purpose of accounting information; 
• The role and nature of management and financial accounting; 
• Introduction to the conceptual framework of financial reporting; 
• Presentation and content of company financial statements; 
• Introduction to the Financial accounting conventions and their application; 
• Introduction to investment appraisal 
• Introduction to financial statement analysis; 
• Introduction to cost classification and behaviour; 
• Introduction to contribution analysis; 
• Introduction to cost assignment and full (absorption) costing; 
• Introduction to budgeting as a tool of planning and control 

Structure

Teaching and learning methods

The module comprises 9 lectures with associated recommended reading and online study resources. Lectures are used for the exposition of the main concepts principles and techniques associated with the discipline, workshops will focus on discussion and numerical application, in facilitated teamwork sessions.

Online discussion boards are provided as an additional option to ask questions arising from lecture study.

There are 9 workshops, designed to allow students the opportunity to develop skills in applying the theory to practical scenarios and opportunity to work with peers and ask questions of workshop tutors. A revision session is provided to assist students in preparing for the coursework at the end of the module.

This module may be taught in a different semester if you are studying at our campus in Malaysia.

For students studying at our campus in Malaysia: This module may be taught in a different semester and the breakdown of study hours may differ to those set out in the Study Hours table (please refer to the Module Handbook for the correct breakdown). In addition, you will be required to complete an additional 40 hours of study, taking the total number of study hours to 240 for this module. This is to comply with the Malaysian Quality Agency (MQA).

Study hours

At least 20 hours of scheduled teaching and learning activities will be delivered in person, with the remaining hours for scheduled and self-scheduled teaching and learning activities delivered either in person or online. You will receive further details about how these hours will be delivered before the start of the module.

Please note the independent study hours above are notional numbers of hours; each student will approach studying in different ways. We would advise you to reflect on your learning and the number of hours you are allocating to these tasks.

Semester 1 The hours in this column may include hours during the Christmas holiday period.

Semester 2 The hours in this column may include hours during the Easter holiday period.

Summer The hours in this column will take place during the summer holidays and may be at the start and/or end of the module.

Assessment

Requirements for a pass

Students need to achieve an overall module mark of 40% to pass this module.

Summative assessment

Penalties for late submission of summative assessment

The Support Centres will apply the following penalties for work submitted late:

Assessments with numerical marks

• where the piece of work is submitted after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for that piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of three working days;
• the mark awarded due to the imposition of the penalty shall not fall below the threshold pass mark, namely 40% in the case of modules at Levels 4-6 (i.e. undergraduate modules for Parts 1-3) and 50% in the case of Level 7 modules offered as part of an Integrated Masters or taught postgraduate degree programme;
• where the piece of work is awarded a mark below the threshold pass mark prior to any penalty being imposed, and is submitted up to three working days after the original deadline (or any formally agreed extension to the deadline), no penalty shall be imposed;
• where the piece of work is submitted more than three working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

Assessments marked Pass/Fail

• where the piece of work is submitted within three working days of the deadline (or any formally agreed extension of the deadline): no penalty will be applied;
• where the piece of work is submitted more than three working days after the original deadline (or any formally agreed extension of the deadline): a grade of Fail will be awarded.

The University policy statement on penalties for late submission can be found at: https://www.reading.ac.uk/cqsd/-/media/project/functions/cqsd/documents/qap/penaltiesforlatesubmission.pdf

You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

Formative assessment

Formative assessment is any task or activity which creates feedback (or feedforward) for you about your learning, but which does not contribute towards your overall module mark.

Work will be set in workshops to enable students to gain numerical practice. Most of this work is primarily designed as a learning vehicle in support of independent learning.

Reassessment

Additional costs