Accounting for Management and Economics (AME)
| Module title | Accounting for Management and Economics (AME) |
|---|---|
| Module code | INT1011 |
| Academic year | 2025/6 |
| Credits | 15 |
| Module staff | Corinne Tuck (Convenor) |
| Duration: Term | 1 | 2 | 3 |
|---|---|---|---|
| Duration: Weeks | 12 | 12 |
| Number students taking module (anticipated) | 193 |
|---|
Module description
This module is intended for non-accounting students who need an introduction to the role of financial and management accounting from the perspective of the modern manager.
The internationalisation of accounting standards and management accounting practices is emphasised in the teaching of the module. This allows students not only to get an understanding of working abroad in accounting and general business departments, but also to consider the development and future prospects of related developments.
Since students will be taught current national and international corporate accounting practices, they will acquire an understanding of basic accounting knowledge that is necessary for working in accounting or general business departments in the UK or abroad. They will also be able to develop their transferable skills in basic writing, problem solving, numeracy, communication and time management.
This module is equivalent to BEA1013
Module aims - intentions of the module
This module aims to give students the confidence to analyse, interpret and use financial information provided in both internal reports and externally published financial reports.
Through this module, students will gain a broad understanding of the fundamentals of recording transactions, the content of financial statements and the scope of financial reporting in the UK.
The module also introduces management accounting and shows how accounting information can be provided to support an organisation’s management in decision-making and control. It includes consideration of recent developments in social and environmental accounting.
The overall aim is therefore to give an introduction to accounting from a wider user perspective.
Intended Learning Outcomes (ILOs)
ILO: Module-specific skills
On successfully completing the module you will be able to...
- 1. Explain apply the accounting concepts which underpin the IASB accounting framework
- 2. Construct simple statements of financial performance, position and cashflow and be able to interpret these statements
- 3. Understand the key accounting adjustments made to the above statements
- 4. Calculate and interpret key accounting ratios
- 5. Be aware of different sources of long term and short-term finance available to an organisation
- 6. Identify different costing systems
- 7. Apply management accounting information for short-run decision making
- 8. Apply management accounting information for long-run decision making employing basic investment appraisal techniques
- 9. Explain the role of budgeting in financial planning and control
ILO: Discipline-specific skills
On successfully completing the module you will be able to...
- 10. Use accounting concepts and conventions to apply accounting principles in practical situations
- 11. Analyse how accounting data is used by diverse stakeholder groups
- 12. With guidance identify, synthesise, analyse and present appropriate information to assist management in controlling the business and taking financial decisions
ILO: Personal and key skills
On successfully completing the module you will be able to...
- 13. Demonstrate basic problem-solving skills
Syllabus plan
- Introduction to accounting and its relevance and usefulness for managers
FINANCIAL ACCOUNTING
Financial statements and analysis
- The Statement of Financial Position
- The Income Statement and adjustments for accruals, prepayments, bad debts and depreciation
- The Cash Flow statement
- Interpretation of financial statements using ratio analysis
Company structure and financing
- An introduction to the financial statements for different business structures
- Sources of finance available to limited companies and sole traders
- Corporate governance
- Internal and external stakeholder interests
MANAGEMENT ACCOUNTING
Decision making
- Short term decision making: cost volume profit; breakeven analysis; marginal costing; relevant costs
- Long term decision making; capital investment appraisal
Costing
- Cost classification and costing situations
- Absorption and marginal costing compared
Learning activities and teaching methods (given in hours of study time)
| Scheduled Learning and Teaching Activities | Guided independent study | Placement / study abroad |
|---|---|---|
| 40 | 110 |
Details of learning activities and teaching methods
| Category | Hours of study time | Description |
|---|---|---|
| Lectures | 10 | Live lectures (10 hours) these will include practical problem-solving exercises. |
| Scheduled learning and teaching activities | 30 | Seminars these will be teacher led. You should prepare for each seminar based on the related lecture. Activities will include working on case studies, problems solving and short essays. |
| Self-study lecture | 25 | On-line learning ELE |
| Guided independent study | 25 | Practice of techniques |
| Guided independant study | 20 | Reading and researching |
| Guided independant study | 40 | Working in groups for coursework |
Formative assessment
| Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|
| In seminar weekly support for report assessment | 6 hours | 1,2,3,4,5,10, 11,12 | Verbal feedback |
| Mock exam | 2 hours | 6,7,8,9,12,13 | Suggested answers provided |
Summative assessment (% of credit)
| Coursework | Written exams | Practical exams |
|---|---|---|
| 40 | 60 | 0 |
Details of summative assessment
| Form of assessment | % of credit | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|---|
| Report (small group) | 40 | 1,800 words | 1,2,3,4,5,10,11, 12 | Written Report |
| Written exam | 60 | 2 hours | 6,7,8,9,12,13 | Performance outcome- examiner's report |
Details of re-assessment (where required by referral or deferral)
| Original form of assessment | Form of re-assessment | ILOs re-assessed | Timescale for re-assessment |
|---|---|---|---|
| Report (small group) | Report- Individual report (Deferral) | 1,2,3,4,5, 10,11,12 | Next assessment opportunity |
| Written Exam | Written examination (Deferral) | 1-13 | Next assessment opportunity |
| Written exam | Written examination (Referral) | 1-13 | Next assessment opportunity |
Re-assessment notes
Deferral – if you miss an assessment for reasons judged legitimate by the Mitigation Committee, the applicable assessment will normally be deferred. See ‘Details of reassessment’ for the form that assessment usually takes. When deferral occurs, there is ordinarily no change to the overall weighting of that assessment.
Referral – if you have failed the module overall (i.e. a final overall module mark of less than 40%) you will be required to take a referral exam. Only your performance in this exam will count towards your final module grade. A grade of 40% will be awarded if the examination is passed.
Indicative learning resources - Basic reading
Principles of Accounting volume 1: Financial Accounting
Principles of Accounting volume 2: Management Accounting by Mitchell Franklin, Patty Graybeal et al
Indicative learning resources - Web based and electronic resources
ELE – http://vle.exeter.ac.uk/course/view.php?id=5003
A module ELE page will be provided for all students with additional learning activities.
Indicative learning resources - Other resources
Other resources:
Scott P. (2016) Accounting for Business 2nd Ed. Oxford University Press ISBN 9780198719861
In-house designed progressive workbook with spreadsheet solutions
| Credit value | 15 |
|---|---|
| Module ECTS | 7.5 |
| Module pre-requisites | None |
| Module co-requisites | None |
| NQF level (module) | 4 |
| Available as distance learning? | No |
| Origin date | 11/06/2014 |
| Last revision date | 09/06/2025 |
