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MBA - General Management

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

No. of Credits:7.5 ECTS
Credit Level:Master Mandatory
Pre-requisite:None
Co-requisite:None
Module Description:
  • 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 evaluate the results of financial models used for long term decision making.
  • To develop confidence in using financial terms and language necessary for effective senior management.

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.

Indicative Content / Areas of Study

  1. Introduction to Accounting and Finance concepts
    • Financial Accounting concepts
    • Different Principles of Financial Accounting
    • The Importance and Scope of Financial Accounting
    • Users of Accounting and Financial Information
    • Accountability and Financial Reporting

  2. Measuring and Reporting Financial Performance
    • The Purpose and Benefits of undertaking Financial Performance Review
    • Analysing business and financial performance using the ratio analysis of profitability, efficiency, liquidity , investment and financial structure
    • Comparing the use of cash flow versus profit as the best measure in the evaluation of financial performance.

  3. Cash Flow Statements and Performance Measurement
    • Meaning of Cash Flow
    • Analysing Cash Flow Statements of limited companies including both inflows and outflows arising from operations, investing and financing activities
    • Links between Cash Flow statement and the Profit and Loss Account.
    • Links between Cash Flow Statement and the Balance Sheet

  4. Cost Volume Profit Analysis and Costing
    • Cost behaviours and concepts
    • Cost Volume Profit( CVP) Relationships and Break Even Analysis
    • Limitations of CVP
    • Activity Based Costing (ABC)

  5. Budgets and Capital Investment Decisions
    • Importance of budgeting, planning and control
    • The Budgeting process
    • Types of budgets and purposes
    • Budgetary Control
      Investment Appraisal Criteria: Payback period and Accounting Rate of Return, Internal Rate of Return, Net Present Value and Discounted Cash Flow

  6. Working Capital and Financing
    • Sources of finance available to organizations
    • Concept of gearing, or the debt/ equity ratio
    • Concept of Weighted Average Cost of Capital( WACC)
    • Cost of Equity and Cost of Debt
    • Capital Asset Pricing Model( CAPM)
    • Use of Economic Value Added ( EVA) and Market Value Added ( MVA) as performance measures.

Teaching And Learning Strategy

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.

Mode A: Fully taught

Lectures – Tutorials:36 hours
Online interaction:4 hours
Directed Independent Learning:120 hours
Total:160 hours

Mode B: Blended

Lectures – Tutorials:18 hours
Online Learning:18 hours
Directed Independent Learning:124 hours
Total:160 hours

Mode C: Fully Online

Recorded Video Lectures:18 hours
Online Learning:18 hours
Directed Independent Learning:124 hours
Total:160 hours

Assessment:

Assessment Weighting:100% Coursework

This module will be assessed via real financial issues and problems confronted by individual student’s organisation. Assessment tasks formulated will typically require the student to identify problems, analyse them and critically appraise current practices and offer options for bringing about better results or improvement backed by sound decision making. Assessment tasks will consist of written coursework in the form of financial management report. The word length will be about 3500-4000 words.

Resources

Module Materials provided by IPE – PARIS

  • David Horner, Accounting For Non-Accountants, 9th Edition, 2013 Kogan Page
  • Peter Atrill, Eddie McLaney, Accounting and Finance for Non Specialists, 7th edition, 2010, FT Prentice Hall.
  • Online resources on Online Learning Portal
  • Online data bases from IPE – PARIS E Library

Regulations: Conforms to the relevant PG regulatory framework at IPE - PARIS.