Accounting and Finance for Managers
Learning outcomes assessed:
On completion of the module participants should be able to:
1. Understand the financial objectives of a company and the role of the accountant
2. Describe and analyse the content of the principal financial statements of an
3. Demonstrate methods of measuring the financial performance of companies and of
exercising financial controls over operational and financial decision.
This coursework is worth 100 % of the total marks for this module.
As an MBA student you are interested in investing in the shares and
debentures of public limited companies. As a prudent investor you need
to critically assess the value, to a shareholder or debenture holder, of the
information in the financial statement.
You are required to:
Take the most recent published financial statement of your organisation
or an organisation that you are familiar with and:
Critically appraise what you see as the financial objectives of the
organisation and discuss how that satisfies your personal objectives.Critically appraise the role played by an accountant in ensuring the
achievement of the financial objectives.
Critically evaluate the contents of Income statement, Balance sheet and
the Cash flow statement as well as the information gathered by the stake
holders from such statements.
Critically assess the performance of the company by using appropriate
accounting ratios and investment appraisal methods.
Analyse the relationship between the performance of the company and of
its current share price.
Attention should be given to the organisation’s capital structure and its
forward strategy. Conclude by deciding with reasons, whether you should
invest in the company.
|Financial Accounting||Management Accounting|
|1||Monitory transactions are the base of financial accounting.||Data as obtained from financial accounting is the base of management accounting.|
|2||Recognition, classification, recording of financial transactions on actual basis, and preparation of financial statement are the main functions of financial accounting.||Collection of data from financial accounting, provision of necessary information to the management for planning, decision-making, and evaluation are the main functions of management accounting.|
|3||Support of relevant figures is required in preparing the financial reports.||Subjective and objective, both figures may be present in the management accounting report.|
|4||Success of financial accounting does not depend on sound management accounting system.||Success of management accounting depends on sound financial accounting system of a concern.|
|5||Financial reports are used by the management of a company, shareholders, creditors, and financial institutions.||Financial reports are exclusively used by the management only.|
|6||Statutory audit of financial statements of concerns is required as per applicable law.||No statutory requirement of audit for reports prepared by management accountants.|
|7||Financial statements of a concern are prepared at the end of every accounting period.||The reports are prepared as and when required by management of the concern.|
|8||To ascertain profit or loss of a concern on actual basis and to know financial position of a concern financial accounting is used.||Thorough management accounting evaluation of performance is done department and section-wise, as well as whole concern-wise.|
Important for course work
1.Read the following
Management accounting and Financial Accounting
Managerial Accounting For Managers 2nd Edition Chapter 2 Problem 1… http://www.chegg.com/homework-help/cost-classification-cost-behavior..
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more