LF911-10 Accounting and Financial Management
Introductory description
The primary goal of this module is to provide students, who have no or limited prior experience of business, with a solid foundation in the essential aspects of accounting and financial management.
Module aims
The aim is to offer an introduction to the key areas of financial accounting, management accounting and financial management with a focus on issues of particular relevance to managers in bio-technology and bio-process based businesses. The course will also emphasise the role and importance of accounting and financial management within the wider business (and in particular the process, bioprocess and biotechnology business) context.
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.
Typically, the syllabus material includes (but is not limited to):
- Introduction to accounting
- Financial analysis (customers, suppliers and competitors)
- The importance of internal financial information and control
- Further methods in costing (ABC and Customer profitability analysis)
- Cash – the accounting number that really matters!
- Investment appraisal; Budgeting and pricing
- Managing for Shareholder Value
- Accounting and strategy
Learning outcomes
By the end of the module, students should be able to:
- Critically evaluate the role and importance of accounting and financial management within the general business context.
- Identify and evaluate the role of accounting in general business management and in particular situations.
- Explain and apply the current terminologies, concepts and methods for accounting and finance.
- Research, synthesise and apply financial knowledge to real and practical examples.
- Use financial techniques appropriately. These include ratio analysis, contribution analysis, costing methods, investment appraisal and introductory valuation techniques.
- Critically assess financial performance from published accounts
- Synthesise and present findings using precise, professional, and discipline appropriate language and terminology.
Indicative reading list
Reading lists can be found in Talis
Specific reading list for the module
Subject specific skills
Research, synthesise and apply financial knowledge to real and practical examples.
Understand the role and importance of accounting and financial management within the general business context.
Transferable skills
Communication and business presentation
Study time
| Type | Required |
|---|---|
| Lectures | 13 sessions of 1 hour 30 minutes (19%) |
| Seminars | 5 sessions of 1 hour (5%) |
| Private study | 45 hours 30 minutes (45%) |
| Assessment | 30 hours (30%) |
| Total | 100 hours |
Private study description
Self-directed Study.
Costs
No further costs have been identified for this module.
You do not need to pass all assessment components to pass the module.
Students can register for this module without taking any assessment.
Assessment group A4
| Weighting | Study time | Eligible for self-certification | |
|---|---|---|---|
Assessment component |
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| 3 Group executive summaries | 30% | 12 hours | Yes (extension) |
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In module- Group - marked collectively. Each assignment 330 words approx Each assignment counts 10% weight |
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Reassessment component |
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| Individual assignment | Yes (extension) | ||
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A financial analysis of a biotech company. |
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Assessment component |
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| Individual Written Assignment | 70% | 18 hours | Yes (extension) |
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A financial analysis of a biotech company. |
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Reassessment component is the same |
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Feedback on assessment
Written individual feedback to each student on written individual assignment and group assessments. Face-to-face feedback on any assessment provided on request from the student.
Courses
This module is Core for:
- Year 1 of TLFS-J7N2 Postgraduate Medical Biotechnology and Business Management
- TLFS-C5N2 Biotechnology, Bioprocessing & Business Management