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2011-2012 Accounting UEBS (MBA)

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2011-2012 Accounting UEBS (MBA)

  1. 1. ACCOUNTING Course Booklet Semester 1 2011/2012 FTMBAMBAIB 1Putting you at the heart of business FTMBA/MBAIB - Accounting
  2. 2. Contents Page NumberCourse Description and Objectives .................................................... 3Learning Outcomes ............................................................................ 3Planned Student Learning Experiences ............................................. 4Teaching Approach ............................................................................ 4Assessment ........................................................................................ 4Feedback............................................................................................ 4Guidelines for Formatting and Handing in Assessed Work: ............... 5Failure to Attempt or Complete Assessed Coursework or anExamination........................................................................................ 5Exam Arrangements for Disabled Students ....................................... 6Plagiarism Statement ......................................................................... 6Appeals .............................................................................................. 6Consultation ....................................................................................... 6Course Monitoring Surveys ................................................................ 7Required Text(s)................................................................................. 7Course Website .................................................................................. 7Advised Preparatory Work.................................................................. 7Course Lecturer.................................................................................. 7Study Programme............................................................................... 8Lecture Outlines and Readings .......................................................... 8Exam Papers ...................................................................................... 8Appendix 1: Further Reading.............................................................. 8 2Putting you at the heart of business FTMBA/MBAIB - Accounting
  3. 3. Course DetailsCourse Code: BUST11205Title: AccountingCollege: Humanities and Social ScienceSchool: The University of Edinburgh Business SchoolCourse Organiser: Professor Falconer MitchellContact Hours:Semester: 1Lectures:Tutorials:This is a 10-credit course. As per the Scottish Credit Qualifications Framework(SCQF), this means that it should entail 100 hours of student effort. For example:Contact hours 8 x 2 hour lectures 16 8 x 2 hour tutorials 16Preparatory reading 8 x 5 hours in advance of 40 lectureTutorial work 8 x 2 hours in advance of 16 tutorialAssignments 12 hours self study on top of 12 reading towards the examination Total 100 student effort hoursCourse Description and ObjectivesThe course provides grounding in financial accounting sufficient for students to engagewith accounting statements and numbers both in general management after the MBAand during the MBA in other courses which interface with Accounting (notably Strategyand Managerial Control).It also provides the platform for a semester two course on finance.Learning OutcomesKnowledge and Understanding:On completion of the course students shoulda) understand the derivation of the three financial statements which provide the basis for corporate financial reportingb) appreciate the strengths and the limitations of these statementsc) have acquired an ability to use financial statements to assess corporate performance in a variety of waysCognitive Skills:The course engages with and develops numerical skills (the ability to prepare accounts),analytical skills (the ability to analyse accounts) and skills of synthesis and presentation(to write a report on a business based on its accounting statements). 3Putting you at the heart of business FTMBA/MBAIB - Accounting
  4. 4. Subject Specific Skills:On completion of the course students shoulda) demonstrate they can understand a straightforward profit statement, cash flow statement and balance sheetb) demonstrate they can interpret a set of financial statements using ratio analysis and other analytical toolsc) demonstrate they can present the interpretation through a (succinct) written reportd) recognise several of the key issues relating to the preparation of financial statementsPlanned Student Learning ExperiencesThe lecture programme proceeds through simple examples providing the opportunity inclass for both class discussion and individual practice with numbers. Further practice isprovided for the students outside of class with a weekly self-study exercise.Teaching ApproachN/AAssessmentForm of Assessment:Assessment is by a two-hour written unseen examination; the main difficulties andmistakes are written up in a feedback note for the students.Assessment Criteria:The grading of the examination is based on a threshold student demonstrating anunderstanding of the key concepts and numerical processes in the area addressed bythe examination question, with a first-class student being able to demonstrate a criticalunderstanding of the business through the financial statements.Dates of Assessment:During exam diet from 17-21 October, 2011FeedbackAssessment feedback will be provided on a feedback form in the appropriate format.Assessment marks and feedback will be made available within one month of examinationdate. Feedback Format Week 1-4 Two way communication sessions held in the second hour of each session Week 1-4 Students are able to have one on one contact with the course lecturer, made possible through an open door policy Generic exam feedback will be made available on WebCT within one month of when the students sit the exam. 4Putting you at the heart of business FTMBA/MBAIB - Accounting
  5. 5. Guidelines for Formatting and Handing in Assessed Work:All completed assignments should be stapled and clearly labelled with the student’sexamination number. Names should NOT be written on the assignments themselves, sothat they can be marked anonymously. Students are asked to attach an assignmentsubmission sheet as front cover. The student’s name should be written on this sheetalong with the examination number. A template for this can be found at www.business-school.ed.ac.uk/mybiz.When the assignments are received the assignment submission sheet will be removedbefore the assignments are sent to the relevant lecturer(s) for marking. Students mustalso submit each assignment electronically by TURNITIN which can be located onWebCT. For the group assignment, once the groups have been composed, a groupmember will be assigned as responsible for this. Please see instructions via the studentportal. This is to enable checks to be carried out for plagiarism on a random basis, or ifsuspicions are raised.The University has a standardised penalty for late submission of coursework. The Schoolwill apply a uniform penalty of a reduction of 5 marks for each 24 hours beyond thecoursework deadline (Saturday, Sunday and University Public Holiday not included)unless late submission has been requested in advance of the submission date andapproved in writing by the course organiser. For example:- an essay with a mark of 65% which is less than 24 hours late will be given a final markof 60%- an essay with a mark of 65% which is between 24-48 hours late will be given a finalmark of 55%- an essay with a mark of 65% which is 48-72 hours late will be given a final mark of 50%and so on...The penalty will not be applied if good reasons can be given, such as documentedillness.COURSEWORK DEADLINES ARE ABSOLUTE AND MUST BE STRICTLY ADHEREDTO OTHERWISE THE STANDARDISED PENALTY WILL BE APPLIED WITHOUTEXCEPTION.Extensions to coursework deadlines will normally only be granted in cases of illness orother extenuating circumstances. An extension can only be granted by the courseorganiser; requests for an extension to the deadline must be agreed with the courseorganiser prior to the coursework deadline. If this proves impossible, students mustattach a letter of explanation to the coursework, signed and dated. If you are given anextension, you must ensure that the Postgraduate Office (Room GF.15, 29 BuccleuchPlace, Edinburgh, EH8 9JS) has written proof of this, e.g. in the form of an email from thecourse organiser.Failure to Attempt or Complete Assessed Coursework or anExaminationWhere a student fails to attempt or fails to complete assessed coursework or anexamination, the course organiser will seek to establish from the student whether thefailure is legitimate (i.e. supported by appropriate documentary evidence) or not. A failureto attempt assessed coursework or an examination without good reason will result in azero mark being awarded for that element of assessment. In the case of a legitimatefailure to attempt or complete assessed coursework, the course organiser may decide tooffer an extended submission deadline (without marks deduction for late submission). 5Putting you at the heart of business FTMBA/MBAIB - Accounting
  6. 6. Where a student is able to produce evidence of legitimate reasons for failure to attemptor complete an examination, and where it has not been possible to offer an extendedsubmission deadline for a legitimate failure to attempt or complete assessed coursework,the course organiser will refer the case to the Special Circumstances Committee.Groupwork IssuesWhere group work is involved, should there be any problems with the group dynamic,these should be raised by two concurring members of the team with the course organiserbefore the Reading Week.Exam Arrangements for Disabled StudentsIf required, specific reasonable adjustments will be made to enable disabled students tosit examinations, including any written, practice or oral examination, continuouslyassessed coursework or dissertation which counts towards the final assessment. Formore information about the support disabled students can receive and the approvalprocess for making reasonable adjustments visit http://www.ed.ac.uk/schools-departments/disability-office/students/support-we-offer. Arrangements for degreeexaminations must be approved in advance by the Registry (650 2214), and theDisability Office (650 6828) for dyslexic students, and reported to the examiners. TheRegistry requires notification of specific examination arrangements for dyslexic studentswell in advance of examination weeks and specific deadlines apply (seehttp://www.ed.ac.uk/schools-departments/registry/other-info/dyslexia). For all otherdisabled students the Registry must see and accept a medical certificate or similardocumentation relating to the student or be satisfied that an acceptable certificate will beproduced. Such students should discuss their requirements with their ProgrammeDirector and/or the Disability Office at the earliest opportunity.Plagiarism StatementPlagiarism and cheating are offences against the University discipline. The full text of theUniversity’s regulation on plagiarism and cheating can be found on the University’swebsite athttp://www.docs.sasg.ed.ac.uk/AcademicServices/Discipline/StudentGuidanceUGPGT.pdfAppealsThe process for students appealing against the assessment of grades is described in theCode of Practice for Taught Postgraduate Programmes.ConsultationStudents are encouraged to raise any concerns of a subject specific nature with therelevant course organiser. All but the simplest issues take time to resolve, and so pleaseraise the issues as soon as you are aware of them.In the event that your course organiser cannot assist you, please contact yourProgramme Director. 6Putting you at the heart of business FTMBA/MBAIB - Accounting
  7. 7. Course Monitoring SurveysBecause the PGT programmes are constantly being streamlined to remain progressiveand contemporary, it is essential that you provide feedback on the courses youundertake so that the academic and administrative staff can be aware of your needs andthe needs of your peers; the only way we can do this is if you let us know our strengthsand what can be improved to make your learning experience with us as relevant andfulfilling as possible.At the conclusion of every semester you will be asked to complete anonymous onlinecourse monitoring surveys. You will be notified when the surveys relevant to yourprogramme become live. The results of these surveys will then be collated anddistributed to the course lecturer(s) who will in turn provide feedback on the course.All information provided by students and course lecturer(s) will be taken intoconsideration by decision makers within the Business School – and may alter the waythat future courses are administered. We are providing you with an outlet to voice youropinions and it is very important for the current state and the future of the BusinessSchool and its students that you do so.Required Text(s)Students will find the following text a valuable complement to lectures: “Key ManagementRatios” (4th edition) by Ciaran Walsh, FT Prentice Hall, 2005.Course WebsiteLecture materials will be made available online via WebCT, which is accessible from the“quick links” area on MyBiz http://www.business-school.ed.ac.uk/mybiz/homeOn the course website you will be able to find a copy of this booklet, course handouts,announcements and other facilities. It is important that you regularly check the WebCTsystem in order to keep up to date with the course. You should be automaticallyregistered for all your courses; if you are not please consult Stuart Mallen, ProgrammeSecretary (email office+mba@business-school.ed.ac.uk) to ensure that your records arein order. A user guide and full details of how to logon and use the system are availableon the website. N.B. It is vitally important that you check your WebCT mailbox regularlyOR set it up so that it forwards messages automatically to your regular e-mail account.Advised Preparatory WorkN/ACourse LecturerFalconer Mitchell, B.Com., C.A. Professor of Management Accounting and currentlyChairman of the Research Board of the Chartered Institute of Management Accountants.His research interests lie in cost management, accounting change, accounting historyand corporate reporting.Tel: 0131 650 8340Office: Room 2.36, Business School, 29 Buccleuch Place, Edinburgh, EH8 9JSEmail: f.mitchell@ed.ac.uk 7Putting you at the heart of business FTMBA/MBAIB - Accounting
  8. 8. Study Programme Lecture Topic Text Reference 1 Introduction. The nature and purpose of Chapters 1, 2 financial accounting. The framework of financial statement preparation for a retail company. 2 The financial statements: the balance sheet, Chapters 3, 4, 8, 11 income statement and cash flow statement. Income quality – cash backing for profits 3 Preparing the financial statements of a manufacturing company 4 Ratio analysis 1 Chapters 5, 6, 7, 9, 10, 16 5 Ratio analysis 2 6 Issues determining the strengths and weaknesses of financial accounting 7 Value determination and financial accounting Chapter 12 8 Improving the information content of the Chapters 17, 19 financial accounting packageLecture Outlines and ReadingsAs aboveExam PapersWhere applicable all available exam papers can be found on the University of Edinburgh website at:http://www.exampapers.lib.ed.ac.uk/Appendix 1: Further ReadingN/A 8Putting you at the heart of business FTMBA/MBAIB - Accounting
  9. 9. Survey Feedback from 2010/2011Number of respondents: 23Expected number of respondents: 55Accounting with Falconer Mitchell1. Please state your level of agreement with the following:1.a. The course met the stated objectives Strongly agree: 60.9% 14 Agree: 34.8% 8 Neither agree nor 4.3% 1 disagree: Disagree: 0.0% 0 Strongly disagree: 0.0% 01.b. The course was well organised Strongly agree: 65.2% 15 Agree: 26.1% 6 Neither agree nor 8.7% 2 disagree: Disagree: 0.0% 0 Strongly disagree: 0.0% 02. Were your expectations met by the course? Yes: 100.0% 23 No: 0.0% 03. What overall rating would you give this course? Excellent: 65.2% 15 Above average: 26.1% 6 Average: 8.7% 2 Below average: 0.0% 0 Poor: 0.0% 0 9Putting you at the heart of business FTMBA/MBAIB - Accounting

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