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MBA - Finance

Managerial Accounting

Programme Objectives

The programme has the following aims:

To enable the advanced study of organisations, their management and the changing external context in which they operate
Equip individuals for and/or development of a career in business and management by developing skills at a professional or equivalent level to assume senior managerial and leadership positions in business
Development of the ability to apply knowledge and understanding of business and management to complex issues, both systematically and creatively, to improve business and management leadership and practice.
Enhancement of lifelong learning and personal development so as to be able to work with self-direction and originality and to contribute to business and society at large.

Benefits

At the end of the programme the successful student will have the ability to:

Demonstrate critical understanding of management theories, current issues of management, the development of conceptual frameworks to guide their application within organisations.
Acquire a strong foundation in key functional areas of business management to enable them to succeed as effective managers/leaders in an increasingly complex and dynamic environment.
Acquire and use a range of concepts, tools and techniques for problem solving and decision-making for analyzing complex and inter-related business scenarios.
Demonstrate and apply independent research and critical skills enabling the investigation and evaluation of valid and relevant management issues and practices.
Demonstrate initiative, insight, attitudes of responsibility and ethical leadership in the development of the strategic management agenda in the organization the participant works in or expected to work in the future.

Programme Content

Overview

This module allows participants to:

critically evaluate the informational content of financial and accounting reports and their use as a tool for appraising corporate performance.
develop an understanding of financial planning tools and techniques and the contribution they make to the achievement of an organisation’s core objectives.
evaluate the results of financial models used for long term decision making.
develop confidence in using financial terms and language necessary for effective senior management.

Student centered learning will be strongly encouraged and developed. Cooperative Learning and Problem-Based Learning will be infused into the teaching-learning-assessment strategies.

Group discussion, case analysis and self directed learning resources will be available to support the delivery and the appropriate assessment tools / tasks will be used to assess the intended learning outcomes.

Learning Outcomes

On completion of this module, students will be able to:

To critically evaluate the informational content of financial and accounting reports and their use as a tool for appraising corporate performance.
To develop an understanding of financial planning tools and techniques and the contribution they make to the achievement of an organisation’s core objectives.
To explore the role of financial modeling in the context of developing an organisation’s corporate strategy.
To evaluate the results of financial models used for long term decision making.

Syllabus

Introduction to Accounting and Finance concepts
Measuring and Reporting Financial Performance
Cash Flow Statements and Performance Measurement
Cost Volume Profit analysis and Costing
Budgets and Capital Investment Decisions
Working Capital and Financing

Resources

Module Materials provided by IPE.
Peter Atrill, Eddie McLaney, Accounting and Finance for Non Specialists, 7th edition, 2010, FT Prentice Hall.
Arthur J. Keown, John W. Martin and William D. Petty, 12th edition (2009) Financial Management: Principles and Applications, Prentice Hall.
Online resources on OCTAL Portal
Online databases from IPE’s E Library