Module Code: |
H7AFA |
Long Title
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Advanced Financial Analysis
|
Title
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Advanced Financial Analysis
|
Module Level: |
LEVEL 7 |
EQF Level: |
6 |
EHEA Level: |
First Cycle |
Module Author: |
CORINA SHEERIN |
Departments: |
School of Business
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Specifications of the qualifications and experience required of staff |
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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).
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No recommendations listed |
Co-requisite Modules
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No Co-requisite modules listed |
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
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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 | % |
Coursework | 50.00% |
End of Module Assessment | 50.00% |
AssessmentsFull 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 |
|
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 |
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Atrill, P. and McLaney, E.. (2012), Accounting and Finance for Non-specialists,, 8th. Pearson Education.
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Carey,M., Knowles,C. and Towers-Clark, J.. (2014), Accounting:A Smart Approach, 2nd edition. Oxford University Press.
| Supplementary Book Resources |
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-
Atrill, P. and McLaney, E. (2012), Management Accounting for Decision Makers, 7th. Pearson Education.
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Drury, C.. (2012), Management and Cost Accounting, Cengage Learning.
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Burns, J., Quinn, M., Warren,L. and Oliveira,J.. (2013), Management Accounting, McGraw Hill Education.
| Supplementary Article/Paper Resources |
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Webcast. (2009), CIMA 2009, Budgeting Basics, CIMA, UK.
| Other Resources |
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[website], Drury.
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[website], Chartered Institute of Management
Accountants.
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