Teaching Responsibility

LJMU Schools involved in Delivery:

Liverpool Business School

Learning Methods

Lecture
Seminar

Module Offerings

4002LBSBSC-SEP-MTP

Aims

To provide students with both a theoretical understanding and practical application of management level accounting and finance skills. This will include from how an organisation first decides which business structure to form; how trading activities are recorded and evaluated; to how to decide which products to make or buy; through to evaluating its success. The syllabus also includes a review as to what are the key considerations when in need of additional expansion funds and how this should be evidenced / supported. From having completed the above considerations, it will enable students to contribute effectively and efficiently within their future workplace, as they will realise just how crucial such areas are for a successful organisation (s).

Learning Outcomes

1.
Summarise the importance of the finance and accounting function and explain finance accounting terminology
2.
Summarise financial statements using various accounting software and financial modelling packages including SAGE accounting software and Excel
3.
Develop and explain budgets, cash flow forecasts and identify how they aid cash flow / liquidity, improve profitability and reduce risk and can be used to make informed strategic decision

Module Content

Outline Syllabus:The module will review key areas of finance and accounting in order to enable the students to be able to prepare the necessary financial statements and business plan within excel to support an additional funds request. 1. Considerations of the legal forms of business, implications and financial accounting treatment of them; 2. Using SAGE accounting software, become familiar with the input of bookkeeping transactions, through to final accounts preparation - Statement of Financial Position, Statement of Profit or Loss and Other Comprehensive Income; 3. Financing structures used by businesses – limitations and future considerations of these; 4. Cost structures, capacity constraints, make or buy, break-even points, margin of safety and financial implications of logistics; 5. Cash flow forecast, key financial ratios, statistical analysis and business plan preparation; 6. Review the external environment factors such as economic and legal changes, which could have an impact on their selected sector business.
Module Overview:
This module provides you with both a theoretical understanding and practical application of management-level accounting and finance skills. This includes how an organisation first decides which business structure to form; how trading activities are recorded and evaluated; and how to decide which products to make or buy.
Additional Information:No notes were provided.

Assessments

Centralised Exam
Report