Dr Farooq Mahmood

This course is available on the BSc in Actuarial Science, BSc in Data Science, BSc in Management and BSc in Mathematics, Statistics and Business. This course is available as an outside option to students on other programmes where regulations permit and to General Course students.

This course is not capped, any student that requests a place will be given one.

This is a half-unit course that introduces students to the fundamental principles of management accounting and , financial management. The primary aim of the course is to help students understand how accounting information can be used by managers to make crucial decisions, such as pricing of products or services, discontinuing or offering new products, and expanding the product/service range or investing in new product development.  Throughout the course, students are introduced to various topics in management accounting and financial management, including cost behaviour, cost-volume-profit analysis, costing systems, budgeting, variance analysis, performance measurement, and capital budgeting. As the course progresses, students are introduced to some key concepts in financial management, such as the role of financial markets and financial institutions, capital structure and risk.The course aims to provide students with a solid foundation in management accounting and financial management, allowing them to apply their knowledge in real-world situations.

22 hours of lectures and 10 hours of classes in the WT. 2 hours of lectures and 1 hour of classes in the ST.

Written answers to numerical problems and discussion questions will be expected weekly; some will be collected during classes for marking and feedback. The course involves two formative assessments.

Detailed reading lists will be made available at the beginning of the course in a syllabus. Illustrative text includes  Mahmood, F,  Elements of Management Accounting, Financial Management and Financial Institutions, Pearson, 2020.

Exam (100%, duration: 1 hour and 30 minutes, reading time: 15 minutes) in the spring exam period.

The exam duration is 1 hour and 45 minutes. The first 15 minutes will be reading time.