ENG3211DA - Accounting and Company Finance (2023)

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MODULE TITLEAccounting and Company Finance CREDIT VALUE15
MODULE CODEENG3211DA MODULE CONVENERDr Ahmad Galadanci (Coordinator)
DURATION: TERM 1 2 3
DURATION: WEEKS 4 0 0
Number of Students Taking Module (anticipated) 25
DESCRIPTION - summary of the module content

This module will provide you with essential knowledge for all engineers, which will benefit you in your future career. You will gain basic training in standard financial documents: balance sheets, income statements, cash flow forecasts, and profit and loss statements. You will also learn how to do simple manufacturing and project costing. Financial management is explored, primarily in a project context.

AIMS - intentions of the module

You will also be given a basic understanding of financial project appraisal and an understanding of investor priorities. It will equip you to make simple financial appraisals of projects and to operate in the commercial environment.

INTENDED LEARNING OUTCOMES (ILOs) (see assessment section below for how ILOs will be assessed)

Discipline and Module Intended Learning Outcomes:


This module contributes to learning outcomes: 
 
On successful completion of this module you should be able to:
 
Module Specific Skills and Knowledge:
1 Comprehend the basic legal, regulatory and financial issues relating to production and projects
2 Interpret standard financial documents: Balance Sheet, Profit and Loss account, Cash Flow forecast
3 Understand and apply simple manufacturing and project costing
 
Discipline Specific Skills and Knowledge:
4 Display financial management skills in the context of a high value, multi-discipline construction environment
 
Personal and Key Transferable / Employment Skills and Knowledge:
5 Evaluate information from a diverse range of sometimes conflicting sources
6 Exhibit an understanding of the issues involved in engineering and use relevant approaches to make difficult decisions
 
SYLLABUS PLAN - summary of the structure and academic content of the module
The module will cover the majority of issues below:
 
- Data protection and security
- Assessment and management of risk in complex engineering systems
- Company accounts, financial returns for small enterprises, profit and loss, balance sheet
- Project costing, cost centres, earned value analysis, forecast vs actual costs
- Direct and indirect costs, overhead apportionment
- Activity based costing
- Break-even analysis
- Budgeting and cash-flow, investment appraisal
- Basic interpretation of accounts
- The investor perspective
- Cash flow and project appraisal
- Contextual summary and revision
 
LEARNING AND TEACHING
LEARNING ACTIVITIES AND TEACHING METHODS (given in hours of study time)
Scheduled Learning & Teaching Activities 44.00 Guided Independent Study 106.00 Placement / Study Abroad 0.00
DETAILS OF LEARNING ACTIVITIES AND TEACHING METHODS
Category Hours of study time Description
Scheduled learning and teaching activities 22 Lectures
Scheduled learning and teaching activities 22 Tutorials
Guided independent study 106 Guided independent study

 

ASSESSMENT
FORMATIVE ASSESSMENT - for feedback and development purposes; does not count towards module grade
SUMMATIVE ASSESSMENT (% of credit)
Coursework 50 Written Exams 50 Practical Exams 0
DETAILS OF SUMMATIVE ASSESSMENT
Form of Assessment % of Credit Size of Assessment (e.g. duration/length) ILOs Assessed Feedback Method
Examinations 50 2 hours All Mark returned
Coursework  50 Approx 2500 words All Individual feedback

 

DETAILS OF RE-ASSESSMENT (where required by referral or deferral)
Original Form of Assessment Form of Re-assessment ILOs Re-assessed Time Scale for Re-assessment
Examination  Examination (50%) All

Referral/deferral period
Coursework Coursework (50%) All Referral/deferral period

 

RE-ASSESSMENT NOTES

 

Deferral – if you have been deferred for any assessment you will be expected to submit the relevant assessment. The mark given for a re-assessment taken as a result of deferral will not be capped and will be treated as it would be if it were your first attempt at the assessment.

 

Referral – if you have failed the module overall (i.e. a final overall module mark of less than 40%) you will be expected to submit the relevant assessment.. The mark given for a re-assessment taken as a result of referral will be capped at 40%.

 

If the Deferral or Referral relates to 

Examination – A similar Examination which assesses the same Intended Learning outcomes would be set

Coursework : A similar coursework which assesses the same Intended Learning Outcomes would be set.

 

 

RESOURCES
INDICATIVE LEARNING RESOURCES - The following list is offered as an indication of the type & level of
information that you are expected to consult. Further guidance will be provided by the Module Convener
Web based and Electronic Resources: 
ELE: http://vle.exeter.ac.uk/
 

 

Reading list for this module:

Type Author Title Edition Publisher Year ISBN Search
Set Atrill P and McLaney E Accounting and Finance for Non-Specialists 3rd Prentice Hall 2001 978-0273646327 [Library]
Set Reynolds A J The Finances of Engineering Companies: An introduction for students and practising engineers Arnold 1993 000-0-340-56827-3 [Library]
Set Upchurch A Management Accounting: Principles and Practice Pitman Publications 1998 000-0-273-62226-9 [Library]
Set Collier, Paul M. Accounting for Managers 4th Wiley 9781119979678 [Library]
CREDIT VALUE 15 ECTS VALUE 7.5
PRE-REQUISITE MODULES None
CO-REQUISITE MODULES None
NQF LEVEL (FHEQ) 6 AVAILABLE AS DISTANCE LEARNING No
ORIGIN DATE Thursday 17 June 2021 LAST REVISION DATE Wednesday 04 October 2023
KEY WORDS SEARCH Accounting, Finance, Profit, Loss, Budgeting