Postgraduate Course: Accounting (BUST11205)

Course Outline
School	Business School	College	College of Humanities and Social Science
Credit level (Normal year taken)	SCQF Level 11 (Postgraduate)	Availability	Not available to visiting students
SCQF Credits	10	ECTS Credits	5
Summary	The course provides grounding in financial accounting sufficient for students to engage with accounting statements and numbers both in general management after the MBA and during the MBA in other courses which interface with Accounting (notably Strategy and Managerial Control). It also provides the platform for a semester two course on finance.
Course description	1. Introduction. The nature and purpose of financial accounting. The framework of financial statement preparation for a retail company. Chapters 1, 2 2. The financial statements: the balance sheet, income statement and cash flow statement. Income quality ¿ cash backing for profits Chapters 3, 4, 8, 11 3. Preparing the financial statements of a manufacturing company 4. Ratio analysis 1 Chapters 5, 6, 7, 9, 10, 16 5. Ratio analysis 2 6. Issues determining the strengths and weaknesses of financial accounting 7. Value determination and financial accounting Chapter 12 8. Improving the information content of the financial accounting package Chapters 17, 19

Entry Requirements (not applicable to Visiting Students)
Pre-requisites		Co-requisites
Prohibited Combinations		Other requirements	For Business School PG students only, or by special permission of the School. Please contact the course secretary.

Course Delivery Information
Not being delivered

Learning Outcomes
Knowledge and Understanding: On completion of the course students should a)understand the derivation of the three financial statements which provide the basis for corporate financial reporting b)appreciate the strengths and the limitations of these statements c)have acquired an ability to use financial statements to assess corporate performance in a variety of ways Cognitive Skills: The course engages with and develops numerical skills (the ability to prepare accounts), analytical skills (the ability to analyse accounts) and skills of synthesis and presentation (to write a report on a business based on its accounting statements). Subject Specific Skills: On completion of the course students should a) demonstrate they can understand a straightforward profit statement, cash flow statement and balance sheet b)demonstrate they can interpret a set of financial statements using ratio analysis and other analytical tools c) demonstrate they can present the interpretation through a (succinct) written report d)recognise several of the key issues relating to the preparation of financial statements