IB9RS-15 Accounting and Financial Management in Practice
Introductory description
This module design aims to provide a comprehensive, practical learning experience that allows students to apply their accounting and financial management knowledge whilst also utilising key employability skills. The intensive, two-week structure enables deep engagement and encourages active learning and reflection.
Module aims
To provide students with a comprehensive, practical application of their accounting and financial management in a simulated business environment.
To appreciate the role, purpose and importance of each business function: Production/Operations, Marketing, Sales, Finance, HR and Sustainability, and their relationship with accounting and financial management.
To develop a strategic outlook for both internal and external business environments.
To provide students with an opportunity to apply employability skills, including teamwork, critical thinking, problem-solving, communication, self-management, and entrepreneurial skills in a simulated business environment.
To encourage students to reflect on their learning and personal development during the AFM programme.
Outline syllabus
This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.
This two-week module immerses students in the application their accounting and financial management knowledge in a practical context. As such, the syllabus encompasses many aspects of previous learning from the programme but in a work and business context.
Learning outcomes
By the end of the module, students should be able to:
- Apply accounting and financial management knowledge, concepts and techniques to make sustainable decisions in a simulated business environment
- Demonstrate an understanding of the need for a strategic, congruent and sustainability focussed approach to business management.
- Critically reflect on the contribution of accounting and financial management knowledge, concepts and techniques to the sustainable strategic success of a business in a simulated business environment.
Indicative reading list
Due to the nature of the module the bibliography presented is illustrative only. The texts suggested are aimed at improving students ability to perform well in a simulated business environment:
Beer, M and Nohria N (2000), Cracking the Code of Change, Boston: Harvard Business School Press.
Covey, S. (1989) The 7 Habits of Highly Effective People. London: Simon & Schuster.
George, B. (2003) Authentic Leadership. San Francisco: Jossey-Bass.
Goffee, R. and Jones, G. (2006), Why Should Anyone Be Led by You? Boston: Harvard Business School Press.
Goleman, D. (1998), What Makes a Leader? in Harvard Business Review, Nov-Dec, pp. 93 – 102
Goleman, D. (1996) Emotional Intelligence.London: Bloomsbury.
Heifetz, R., Linsky, M. and Grashow, A. (2009) Practice of Adaptive Leadership. Boston: Harvard Business School Press.
Hodgkinson, G. P. & Sparrow, P.R. (2002) The Competent Organisation: A Psychological Analysis of the Strategic Management
Process. Open University Press.
Kansi, G (2002), Measuring Business Excellence, London: Routledge.
Katzenbach, J. and Smith, D. (2003), The Wisdom of Teams. New York: Harper.
Kotter, J. (1990), What Leaders Really Do, Harvard Business Review, May - June 1990, pp.103-11
Oakland, JS (2003), Total Organizational Excellence, Oxford: Butterworth-Heinemann.
Paroutis, S., Heracleous, L. & Angwin, D. (2013) Practicing Strategy: Text and Cases. Sage: London.
Pfeffer, J (1998), The Human Equation, Boston: Harvard Business School Press.
Stone, D., Patton, B. and Heen, S. (1999) Difficult Conversations. New York: Viking Penguin.
Thomson, B. (2006), Growing People, Oxford: Chandos Publishing.
Whittington, R., Regner, P., Angwin, D., Johnson, G. and Scholes, K. (2023) Exploring Strategy: Text and Cases, Harlow: Pearson Education
Subject specific skills
Evaluate the success of a business in relation to it's long-term sustainability and the decisions of it's leadership team in a simulated business environment.
Transferable skills
Apply employability skills, including teamwork, data analysis critical thinking, problem-solving, communication, self-management, and entrepreneurship to make informed decisions in a simulated business environment.
Study time
| Type | Required |
|---|---|
| Other activity | 27 hours (18%) |
| Private study | 51 hours (34%) |
| Assessment | 72 hours (48%) |
| Total | 150 hours |
Private study description
Private study includes preparation for assessments
Other activity description
9 x 3 hrs workshops
Costs
No further costs have been identified for this module.
You do not need to pass all assessment components to pass the module.
Assessment group A
| Weighting | Study time | Eligible for self-certification | |
|---|---|---|---|
Assessment component |
|||
| Individual Report | 60% | 43 hours | Yes (extension) |
|
Individual Report (2,500 words) |
|||
Reassessment component is the same |
|||
Assessment component |
|||
| Group Presentation | 30% | 22 hours | No |
|
Group Presentation (20 mins) |
|||
Reassessment component |
|||
| Individual Assignment | Yes (extension) | ||
Assessment component |
|||
| Class Participation | 10% | 7 hours | No |
Reassessment component is the same |
|||
Feedback on assessment
via my.wbs
There is currently no information about the courses for which this module is core or optional.