Mining and Minerals Engineering

CSM3303 - Accounting and Management (2011)

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MODULE TITLEAccounting and Management CREDIT VALUE10
MODULE CODECSM3303 MODULE CONVENER Neill Wood V.R., A.R.S.M., F.H.E.A. (Coordinator)
DURATION: TERM 1 2 3
DURATION: WEEKS
Number of Students Taking Module (anticipated)
DESCRIPTION - summary of the module content
AIMS - intentions of the module
To equip candidates with the necessary management and financial skills necessary to apply fiscal control of operations and projects, including valuation and budgetary control. To enhance appreciation of the world of work from a management perspective.
INTENDED LEARNING OUTCOMES (ILOs) (see assessment section below for how ILOs will be assessed)
SYLLABUS PLAN - summary of the structure and academic content of the module
Finance and Management Accounting The place of accounting in industry. Calculation of the profits of a company. Books of account and double entry book-keeping. The income statement (profit and loss account) and the position statement (balance sheet). The problems involved in measuring profits and the difference between profit and cash flow. Depreciation and its effect on profits and cash flow. Revenue based and profits based taxation. Sources of finance and capital budgeting. Management accounting. Full and marginal costing techniques. The treatment of fixed costs. Standard costing and budgetary control. Setting budgets and variance calculations. Allocation of shared costs amongst different products and by-product costing. Investment appraisal techniques. Return on investment and other traditional methods. The importance of discounting future cash flows. Net present value and internal rate of return methods. Using spreadsheets for investment calculations. Sensitivity analysis, scenario analysis and Monte Carlo simulation. Principles of Industrial Management Introduction to the principles and practice of management: organisation theory and administrative management. Industrial and applied psychology: behaviour of individuals and groups, motivation, leadership and group dynamics. Formal and informal groups. Effective communications in industry and the barriers to this. Personnel administration and labour relations. Wage payment systems, job evaluation and recruitment. Evolution and outlook of labour relations. The project life cycle and project risk assessment.
LEARNING AND TEACHING
LEARNING ACTIVITIES AND TEACHING METHODS (given in hours of study time)
Scheduled Learning & Teaching Activities Guided Independent Study Placement / Study Abroad
DETAILS OF LEARNING ACTIVITIES AND TEACHING METHODS
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
DETAILS OF SUMMATIVE ASSESSMENT
DETAILS OF RE-ASSESSMENT (where required by referral or deferral)
RE-ASSESSMENT NOTES
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

Reading list for this module:

There are currently no reading list entries found for this module.

CREDIT VALUE 10 ECTS VALUE 5
PRE-REQUISITE MODULES None
CO-REQUISITE MODULES None
NQF LEVEL (FHEQ) 3 (NQF Level 6) AVAILABLE AS DISTANCE LEARNING No
ORIGIN DATE Thursday 15 December 2011 LAST REVISION DATE Thursday 15 December 2011
KEY WORDS SEARCH None Defined