Teaching Responsibility
LJMU Schools involved in Delivery:
LJMU Partner Taught
Learning Methods
Lecture
Tutorial
Module Offerings
6609TECYPC-JAN-PAR
Aims
To introduce students to the role of the manager and the management process, present ideas on the opportunities and challenges in the business environment, and the use of financial information and management within businesses.
Learning Outcomes
1.
Describe management as a process of planning, organizing, leading and controlling
2.
Present ideas on the opportunities and challenges in the business environment
3.
Explain the fundamental accounting concepts which underlie the preparation of financial reporting statements
4.
Analyse the financial statements of a business by selecting appropriate performance indicators for profitability and for liquidity including key accounting ratios
Module Content
Outline Syllabus:• The management environment
• Planning and Organizing
• Monitoring and Controlling
• Management versus Leadership
• The nature of financial information and application of accounting concepts
• The final accounts of limited companies
• Interpretation of financial statements
• Long-term financial decision making – NPV, Payback, ARR
• Short-term financial decision making – costing methods
• Sources of finance and methods of financing a business
Additional Information:This module introduces fundamental knowledge, skills and tools of management used in a modern, commercial business. The finance element provides sufficient information to enable the student to understand key financial measures used within business and the wider economy. Key to the success of the module is for students to apply the knowledge and skills learnt to business situations and gain from sharing ideas and approaches to a wide range of common business situations.