STAGE 1 MODULES
Introduction to Accounting and Finance
To teach students the role of accounting and its development and the nature and significance of accounting information. Students will be introduced to record keeping and data processing.
Financial statements, performance and asset management. Accounting concepts and conventions, accounts of limited companies. Basic interpretation of accounts, relevant costs, cost behaviour, break-even analysis, cost-profit-volume analysis, marginal costing, full costing, overhead absorption and job costing. Introduction to variance analysis and budgeting. Financial corporate objectives and financial arithmetic, sources of finance, functioning of stock markets and investment appraisal.
To introduce students to key economic concepts, principles and policy instruments in the context of the business environment. Theory of demand; Markets – Supply and Demand; Competition; Monopoly; Oligopoly; Economic issues related to labour markets and boundaries of the firm; Market failure and government intervention.
Quantitative Methods in Information Management
To teach students the skills of analysis and the use of mathematical / statistical techniques to tackle business problems. Descriptive statistics, Concepts of probability and probability distributions; Confidence intervals and Hypothesis testing; Linear regression; Normal and T-Distribution.
Foundations of Marketing
To introduce students to the concepts and principles of marketing and their application. Marketing environment; Consumer and organisational buying behaviour; Market segmentation, targeting and positioning; Marketing planning and control; Product and pricing strategies; Marketing channels and supply chain; Marketing communication strategy.
Student Self Development
To enable students to identify their strengths, weaknesses and opportunities for further development throughout their university career, and to improve their ability to cope with academic life at the university.
People, Work and Organisations
To develop an understanding of some of the key factors that impact upon and influence human behaviour in organisations and the workplace and address ethical and corporate social responsibility issues associated with these factors whilst doing so.
Students will develop an awareness of the assumptions and approaches which underpin the differing theoretical perspectives employed for studying people in organisations and the workplace. Specifically, the disciplines of Organisational Behaviour (OB), Organisational Psychology (OP), Work Sociology (WS), Employee Relations (ER), Organisational Analysis (OA) and Human Resource Management (HRM).
It will also enable students to understand their own and others’ roles in organisations and the workplace more effectively.
Operations and Information Systems Management
To appreciate the real life applicability and use of Operations Management and Information Systems in contemporary operations, both manufacturing and services.
Students become aware of key themes within Operations and Information Systems with which they can identify. It will enhance their understanding of the role played by information systems in the production of manufactured goods and service good production and delivery.
STAGE 2 MODULES
To develop an understanding of external accounting reports, with particular reference to their analysis, evaluation, regulations and policies governing their preparation, the principles of corporate governance and the role of auditors. Financial accounting standards and policies; Published accounts of companies and their interpretation; Significance and implementation of corporate governance; Goodwill; Revaluation; Auditing principles and guidelines; Internal controls; Major issues in auditing practices; critical analysis of company performance.
Students will be taught to understand the role of management accounting in the overall strategic management and management control processes within organisations. They will also be conversant with management accounting tools and techniques used in the decision making process in organisations.
The outline syllabus includes the role of management accounting, costing approaches, absorption costing, variance costing, activity-based costing and activity-based management. Accounting information for decision making, cost behaviour and relevant costs, cost-volume profit analysis and pricing decisions. Accounting information for planning and content, budgeting and responsibility accounting, budgetary control and behavioural aspects. Standard costing and variance analysis, divisionalisation, transfer pricing and performance measurement. Modern developments in management accounting, limitations of traditional management accounting. Strategic management accounting for competitive advantage, value chain, management in accounting and quality, accounting for just-in-time systems, customer profitability analysis and balanced scorecard.
An introduction to the key aspects of financial management to boost the profitability of a business entity as well as create and improve shareholder value. To develop an understanding of how business are financed and how methods of financing can affect decision-making. Investment appraisal; Risk and return; Bond valuation; Valuation of shares and firm; Cost of capital; Basic capital budgeting decisions; Dividend policy and share repurchase; Basic capital structure theory; Working capital management.
Economics of Industry
To provide students with an awareness of the organisation structure of industry with an emphasis on interactions among firms in an industry. Students will gain a better understanding of how firms compete and organise themselves. Market and competitive analysis; Boundaries of the firm; Position and dynamics; Economies of vertical integration; Diversification; Market and industrial analysis; Strategic positioning; Competitive advantage; Internal organisation.
Company Law and Administration
To enable students to appreciate the legal nature of a company and to develop an understanding of the legal principles of corporate structure. Classification of companies; Formation of companies; Memorandum and articles – content, legal effect; Alteration of meeting and resolution, shares and debentures; Investors’ protection.
To provide an understanding of the main legal structures in business with particular reference to Law of Contract, Tort and an introduction to Agency, Partnership and Company law. Formation of contract; Terms of a contract; Vitiating factors; Discharge of contracts; Remedies for breach of contract; Sale and supply of goods and services; Law of agency; Law of partnership; Law of torts; Company law.
Employability and Enterprise Skills
To provide students a critical understanding of what it takes to be successful in securing and developing a career in a competitive employment market. Students will gain knowledge and understanding of the skills and professional behaviour required.
It will also develop effective tools to enable students to audit skills for employment. This will enable students to create immediate and long-term personal and career development plans, and have opportunities to put these skills into practice.
Capital Markets, Investment and Finance
To provide an understanding of the workings of capital markets and the relationship between risk and returns. To provide practical skills in the evaluation of corporate investments and financing decisions. Corporate valuation and value-based management; Mergers, acquisitions and divestitures; Derivatives management; Multinational financial management.
Principles of Personal Finance
To provide you with basic knowledge and understanding of the concepts and principles of personal finance and how these integrate into the financial planning process.
STAGE 3 MODULES
To develop an understanding of the objectives, principles and methods of external financial reporting including statements of accounting standards. To consider the impact of developments on accounting practice in response to changes in the social and economic environment. Stocks and long term contract; Role of audit and consolidated accounts; The grey areas of accounting concepts; Off balance sheet finance and revaluation of assets; Ration analysis; Foreign currency transactions.
This course aims to: (i) provide students with an understanding of the nature of, and the factors influencing, accounting and corporate reporting practices around the world and to consider the efforts by the International Accounting Standards Board (IASB) and other bodies to harmonise accounting and corporate reporting practices; and (ii) to develop in students an awareness and appreciation of some of the contemporary issues that the IASB has had to deal with.
Contemporary Issues in Accounting
To introduce students to some of the current issues in accounting and finance. Students should be able to identify, analyse and form arguments with respect to the various issues on finance and accounting reporting, research and report on selected topic. Share capital; Capital maintenance and distributable profits; Earnings per share; Ethics for accountants; Current issues in consolidation of group accounts; Financial restructuring; Critique of cash flow statement; Environmental and social reporting.
To evaluate investment and financing decisions for multinational firms. To evaluate strategies for managing risk by companies who trade internationally and to understand exchange rate movement. Global financial management; Foreign exchange theory and markets; Foreign exchange exposure; Financing the global firms; Multinational capital budgeting; International trade finance.
Understanding Strategic Management
To develop an understanding of, and ability in, the theory and practice of strategic management. Students will be exposed to the concepts and frameworks for the analysis of the external and internal environments of organisations, generations of strategic alternatives, as well as implementations and evaluations of strategies environment scanning and industry analysis; Internal scanning and organisational analysis; Strategic formulation; Strategic choice; Strategy implementation; Evaluation and control; Strategic audit.
Applied Strategic Management
To develop the relevant knowledge, understanding and analytical abilities to undertake an in-depth strategic analysis of business organisations. Strategic implementation; Strategy and structure; Portfolio management; Corporate parenting; Managing strategic change; Measuring company performance.
Auditing offers detailed understanding of the essential concepts and techniques relating to the provision of statutory auditing under the Companies Act, Auditing Standards and other Professional guidance.
Principles of assurance and auditing under the relavant Companies Acts; Professional ethics legal liability; Auditor Independence; Understanding the business; Planning the audit; Risk assessment; Systems and Controls; Gathering evidence; Completion; Reporting; Review and feedback.
Students are introduced to the key concepts of business and personal taxation. To gain exemption from the primary taxation exams of professional accounting bodies (ACCA, CIMA, ICAEW), and as a primer for the latter stages of professional institute accounting exams. This will train students in the key technical skills of calculating solutions to complex tax problems.
Ethics in Business and Society
To provide a basic understanding of the philosophical and sociological context of business ethics and to introduce students to some of the most prominent ethical frameworks that can be used to analyse policy and practice in contemporary business organisations.
Strategic Information Systems
To have a strategic understanding of business information systems in organisations, Students will develop skills in analysing and planning the uses of business information systems in organisations to yield better efficiency, effectiveness and value.