AF7011 - Accounting and Finance: Critical appreciation for strategic advantage

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What will I learn on this module?

You will be able to develop your knowledge and critical appreciation of the key components of accounting and finance and be able to apply these within the context of a successful public, private or not-for-profit organisation. Specifically, this module provides you with a foundation in the key principles of corporate financial management and their practical application, covering the issues of cost of capital, capital budgeting and capital structure, financial markets, analysis and investments in a world where finance is an international language. Key concepts in relation to investment and financing decisions, operational controls and structures of governance, financial health and growth strategies are all included. You will be able to build your knowledge starting with how to choose and appraise an investment decision; dealing with operational matters that keep the business running; using finance and accounting techniques to strategically manage the direction of the business and finally, looking at how corporate expansion can successfully and sustainably take place. This module is designed to strengthen your ability in applying knowledge to complex issues, both systematically and creatively, so that theory is converted into practice from a critical and informed perspective in order to enhance organisational effectiveness and competitiveness. The module also investigates how financial information can be used to inform strategic plans and operational decisions. Reflective of the research strength within the Business School within responsible business, you will be encouraged to engage with CSR and ethical decision making.

How will I learn on this module?

The module is delivered through a combination of tutor-directed learning, group learning and independent learning. In the taught sessions, an interactive approach will draw upon the directed learning undertaken and participants’ own experiences. Throughout, the emphasis will be on high levels of participation, both individually and within small groups or teams.

Participants can therefore expect the reflective-practitioner approach to learning to be embedded in all sessions through undertaking activities which facilitate them to apply theory to ‘real-life’ situations, critically analysing and making recommendations for appropriate ways forward for the organisation/individual. The module aims to provide impact to your day to day professional role and sessions will be structured to ensure that you can take the learning from the module and apply it directly in your workplace.

Directed learning will centre upon a range of activities including pre-reading, preparation for interactive activities and use of the discussion board on the e-learning platform. Independent learning will centre upon the students identifying and pursuing areas of interest in relation to the subject and by providing deeper/broader knowledge and understanding of the subject through a range of learning activities that will include extended reading, reflection, research etc.

Critical reflection on knowledge, experience and practice underpins the learning and teaching philosophy along with the explicit development of competence. You are particularly encouraged to bring examples from the workplace into the classroom to share with each other and with the tutors. The module will also incorporate sessions delivered by external practice experts as well as from academic experts in the field drawn from the Business School.

Importantly, you will also learn at work, through reflecting on your experiences and applying your knowledge from the module to your practice in the workplace. During the workshops you will be encouraged to discuss the theories and concepts with the tutors and your peers to understand how these relate to your own work based experiences. The module will provide directed activities to enable you to transfer the learning into your workplace and provide an opportunity for you to apply and evidence the development of your own professional practice. Finally, there will be an opportunity for you to reflect and review your learning with your workplace mentor and executive coach.

How will I be supported academically on this module?

The module is delivered by an experienced teaching team who will provide ongoing advice and guidance on the module and your progress. You will be supported by a Teaching and Learning Plan which outlines the structure and content of the formal sessions, and also appropriate tutor-directed learning and independent reading. The module is also supported by an online Blackboard site which includes learning materials and additional resources. Peer learning is an important part of the MBA programme and you will be encouraged to form learning sets to enable effective peer support for learning.

What will I be expected to read on this module?

All modules at Northumbria include a range of reading materials that students are expected to engage with. The reading list for this module can be found at: http://readinglists.northumbria.ac.uk
(Reading List service online guide for academic staff this containing contact details for the Reading List team – http://library.northumbria.ac.uk/readinglists)

What will I be expected to achieve?

Knowledge & Understanding:
On completion of the module you will be able to:
1. Demonstrate a critical understanding of key aspects of accounting (both financial and management) and finance (corporate).

Intellectual / Professional skills & abilities:
On completion of the module you will be able to:
2. Demonstrate a critical understanding of the ethical and practical implications of accounting and finance.

Personal Values Attributes (Global / Cultural awareness, Ethics, Curiosity) (PVA):
On completion of the module you will be able to:
3. Demonstrate a critical understanding of the code of ethics and code of conducts required of professionals and organisations;
4. Demonstrate a critical awareness of multicultural teamwork.

How will I be assessed?

Formative assessment: This will take place through group work, assignment discussion and reflection, discussion board activity on the e-learning platform, case study activity, and theory/practice related discussions. Criteria will be provided to enable you to understand what is expected and how you will be assessed on your performance. You are required to demonstrate self-reflection and reflective practice where appropriate. Formative feedback will be provided throughout the module, particularly in relation to seminar tasks. You should, however be aware that formative feedback can, and will, occur in any communication with an academic tutor.

Summative assessment: A 3000 word individual assignment on an accounting and finance topic of strategic importance. The assignment is weighted at 100% and assesses all the module learning outcomes

Pre-requisite(s)

None

Co-requisite(s)

None

Module abstract

Understanding how accounting and finance can be used for strategic advantage can help you advance to senior positions. This module will develop your knowledge and critical appreciation of the key components of accounting and finance and enable you to apply these within the context of a successful commercial organisation. The module will include key concepts in relation to investment and financing decisions, operational controls, and financial health and growth. You will be able to build your knowledge starting with how to choose and appraise an investment decision; dealing with operational matters that keep the business running; using finance and accounting techniques to strategically manage the direction of the business and finally, to understand how corporate expansion can successfully and sustainably take place. Reflective of the research strength within the Business School within responsible business, you will be encouraged to engage with CSR and ethical decision making.

Course info

Credits 10

Level of Study Postgraduate

Mode of Study 2 years part-time

Department Newcastle Business School

Location City Campus, Northumbria University

City Newcastle

Fee Information

Module Information

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