Module code: BUS216
Module organiser: Dr Suki Sian
Pre-requisite: Must have passed Accounting for Business (BUS106) and Introduction to Financial and Management Accounting (BUS134).
This module builds on the foundation provided by Accounting for Business (BUS106) and Introduction to Financial and Management Accounting (BUS134) in Year 1 (Level 4). In the area of Financial Accounting, the module focuses on Financial Reporting by companies, and impact of company law and accounting standards. In Management Accounting the module looks at different approaches to costing, and the concept of identifying relevant costs for management decision-making; the appraisal of investment opportunities (capital budgeting) and accounting as a control mechanism.
This module aims to deepen and broaden the knowledge and awareness provided by Accounting for Business (BUS106) and Introduction to Financial and Management Accounting (BUS134), which are both pre-requisite modules. Within the same broad intellectual framework (emphasising that accounting is not a purely technical practice but is embedded in a particular socio-economic, political and cultural context) the module seeks to provide students with broad but critical understanding of the way in which accounting is used by management both internally, to control and monitor outcomes within the organisation, and externally, to report the outcome of their stewardship to external users. The focus is on for-profit companies in the UK.