Module Code: H7AFA
Long Title Advanced Financial Analysis
Title Advanced Financial Analysis
Module Level: LEVEL 7
EQF Level: 6
EHEA Level: First Cycle
Credits: 5
Module Coordinator:  
Module Author: CORINA SHEERIN
Departments: School of Business
Specifications of the qualifications and experience required of staff  
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Demonstrate a knowledge of the role of management accounting in a business organization and an understanding of the basic principles and techniques used in management accounting
LO2 Illustrate an ability to explain and apply a variety of costing techniques (using overhead apportionment and absorption techniques) in a range of practical business situations. Methods should include traditional and modern approaches to costing.
LO3 Apply key concepts such as Standard Costing and Budgetary Planning & Control. Prepare budgets for planning and control and compare actual costs with standard costs and analyse any variances.
LO4 Describe the working capital role and its place in budgetary planning and control.
LO5 Be able to analyse, interpret, and monitor decision making and performance evaluation techniques such as marginal and relevant costing and Cost-Volume Profit analysis
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is required before enrolment on this module. While the prior learning is expressed as named NCI module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Entry requirements  
 

Module Content & Assessment

Indicative Content
Introduction to Management and Cost Accounting Cost Accounting Techniques
Material (EOQ) • Labour • Overhead
Cost Assignment/ Marginal and Absorption Cost Accumulation Systems and the Income Effects of Different Approaches
Budgeting • Preparation: Sales • Production; Fixed and Flexible • The Budgeting Process
Standard Costing and Variance Analysis
n/a
Standard Costing and Advanced Variance Analysis
n/a
Working Capital Management Techniques
n/a
Cost Volume Profit (CVP) analysis
n/a
Relevant Costing and Decision Making
n/a
Monitoring Performance and Reporting
Qualitative • Short Term v Long Term • Role of Benchmarking
Capital Budgeting
n/a
Assessment Breakdown%
Coursework50.00%
End of Module Assessment50.00%

Assessments

Full Time

Coursework
Assessment Type: Multiple Choice Questions % of total: 25
Assessment Date: n/a Outcome addressed: 1,2,3,4,5
Non-Marked: No
Assessment Description:
n/a
Assessment Type: Mid Semester Examination % of total: 25
Assessment Date: n/a Outcome addressed: 1,2,3,4,5
Non-Marked: No
Assessment Description:
n/a
End of Module Assessment
Assessment Type: Terminal Exam % of total: 50
Assessment Date: End-of-Semester Outcome addressed: 1,2,3,4,5
Non-Marked: No
Assessment Description:
End-of-Semester Final Examination
No Workplace Assessment
Reassessment Requirement
Repeat failed items
The student must repeat any item failed

NCIRL reserves the right to alter the nature and timings of assessment

 

Module Workload

Module Target Workload Hours 0 Hours
Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 2 Every Week 2.00
Tutorial No Description 1 Every Week 1.00
Independent Learning Time No Description 89 Per 15 week block 5.93
Total Weekly Contact Hours 3.00
 

Module Resources

Recommended Book Resources
  • Atrill, P. and McLaney, E.. (2012), Accounting and Finance for Non-specialists,, 8th. Pearson Education.
  • Carey,M., Knowles,C. and Towers-Clark, J.. (2014), Accounting:A Smart Approach, 2nd edition. Oxford University Press.
Supplementary Book Resources
  • Atrill, P. and McLaney, E. (2012), Management Accounting for Decision Makers, 7th. Pearson Education.
  • Drury, C.. (2012), Management and Cost Accounting, Cengage Learning.
  • Burns, J., Quinn, M., Warren,L. and Oliveira,J.. (2013), Management Accounting, McGraw Hill Education.
Supplementary Article/Paper Resources
  • Webcast. (2009), CIMA 2009, Budgeting Basics, CIMA, UK.
Other Resources
Discussion Note: