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Accounting and Financial Management


  • Credit value: 15 credits at Level 7
  • Convenor: Professor Emmanuel Mamatzakis
  • Tutor: to be confirmed
  • Assessment: coursework of 3000 words (25%) and a two-hour written examination (75%)

Module description

This module aims to provide a solid understanding of the concepts of accounting and financial management for non-financial specialists.

Indicative module content

  • Introduction to financial reports and statements (simple explanation of profit and loss accounts and balance sheets)
  • Cash flow statements and financial ratio analysis
  • Financial project appraisals (discounted cash-flow techniques, internal rate of return and payback period) and valuation of business
  • Risk and return (including the Portfolio Theory)
  • Cost of capitals and Capital Assets Pricing Model
  • Capital structure theory
  • Dividend policy
  • Introduction to management accounting issues (budgeting; financial decision-making; break-even concepts)

Learning objectives

By the end of this module, you will be able to:

  • appreciate the use of accounting numbers in managing a company's performance (financial statement analysis)
  • read and understand financial reports and company accounts
  • comprehend the fundamental ideas and concepts of finance
  • understand corporate financial decision relating to stock valuation, project appraisals, estimation of required return, capital structure
  • appreciate the usefulness and limitations of accounting in aiding financial management decisions
  • critically appraise key issues in accounting and finance raised in the media.