1000 word written assignment (10%) Autumn Term only Not Available Not Available Not Available Autumn & Spring Terms Visiting (VA) 12 2000 word assignment (90%) 1000 word tutor assessed student presentation (10%) Spring Term only Visiting (VA) 12 2000 word assignment (90%) 1000 word tutor assessed student presentation (10%) Spring & Summer Terms Standard 12 2 hour examination (90%) 1000 word tutor assessed student presentation (10%) Spring & Summer Terms Standard 15 2 hour examination (80%) 1000 word tutor assessed student presentation (10%) 1000 word written assignment (10%) Bibliography Required (Core) Text: Drury, C., (2005), Management Accounting for Business (4th Edition), Thomson Business Press, London Any other essential articles will posted in PDF format on My.wbs as complementary readings Other Useful Texts: Horngren, C.T., Bhimani, A. Foster, G. and Datar, S. M. (2005) Management and Cost Accounting, Prentice Hall, London. Seal, W., Garrison, R. H. and Noreen E. W. (2006) Management Accounting, McGraw-Hill, Berkshire. Bhimani, A. (2006) Contemporary Issues in Management Accounting, Oxford University Press, Oxford. Hopper, T., Northcott, D. and Scapens, R. (2007) Issues in Management Accounting, Prentice Hall, London Chapman, C. S. (2005) Controlling Strategy: Management, Accounting and Performance Measurement, Oxford University Press, Oxford. Grey, S. J., Salter, S. B. and Radebaugh, L. H. (2001) Global Accounting and Control: A Managerial Emphasis, Wiley, New York. Current research may also be found in such journals as Management Accounting Research (MAR); Journal of Management Accounting Research (JMAR); Journal of Cost Management (JCM); Accounting Organisations and Society (AOS); Critical Perspectives in Accounting (CPA); Harvard Business Review (HBR), Information and Organization (IO) and Accounting Auditing and Accountability Journal (AAAJ). Accounting Historians Journal (AHJ), Practitioner's articles may also be found in the CIMA journal Financial Management and in the US journal Management Accounting.
Learning Outcomes and Objectives By the end of the module you should be able to: Describe the key characteristics of vanilla and exotic derivative products. Explain the use of these products as risk management tools. Discuss the means used to hedge the exposure that such products create for the banks that issue them. Price vanilla and exotic derivative products using simple lattice methods and simulation techniques. Design hedging and risk management strategies for corporate consumers of derivative products. banks that supply derivative products. Assess risk profiles arising from the use of derivatives and associated hedging activity. Communicate effectively the results of risk analysis to non-quantitative people Interpret quantitative data from the viewpoint of risk and uncertainty. Apply statistical tools to both time-series and cross-sectional data to derive meaningful risk management metrics. Understand the implications of hedging via risk-neutral replication. Construct hedge portfolios, with both unconstrained and restricted choices of hedging instrument. Price and hedge a range of non-vanilla products using simple lattice methods and simulation techniques. Assessment Methods Period of Study Method Name CATS (Credit) Assessment Description Full Year Standard 12 1.5 hour examination (75%) Class test (10%) Group project (15%) Full Year Standard 15 2.0 hour examination (60%) Group project (12%) Class Test (8%) 1500 word report (20%) Autumn Term only Not Available Not Available Not Available Autumn & Spring Terms Visiting (VA) 12 3000 word assignment (75%) Class test (10%) Group project (15%) Spring Term only Visiting (VA) 12 3000 word assignment (75%) Class test (10%) Group project (15%) Spring & Summer Terms Standard 12 1.5 hour examination (75%) Class test (10%) Group project (15%)
The main objective of the module is to provide you with the tools to analyse firm financial performance from an equity valuation perspective and to carry out a business valuation building on this analysis. A further objective is to encourage you to use the valuation-based framework to analyse the 'quality' of accounting information and to explore empirical studies concerned with testing the of financial statement information. Syllabus Accounting and cash flow valuation models Financial analysts' use of financial statements: practice and evidence Reformulation of financial statements and value-based ratio analysis Implementation of accounting valuation models Accounting quality and the value relevance of accounting information Learning Outcomes and Objectives By the end of the module you should be able to: Understand and apply business valuation models that use accounting numbers. Understand the importance of ratio analysis to investors and analysts and learn how to apply a value based approach to ratio analysis. Prepare a thorough valuation analysis including sensitivity analysis on the key assumptions. Understand the factors determining quality of accounting information from an investor perspective and gain a basic understanding of empirical research on value relevance. Demonstrate oral and written communication skills in relation to the analysis of company financial statement information from a valuation perspective. Apply modelling and spreadsheet skills to the solution of performance analysis and valuation problems. Apply and integrate concepts from accounting and finance to the analysis of business plans and company valuation. Assessment Methods Period of Study Method Name CATS (Credit) Assessment Description Full Year Standard 12 1.5 hour Examination (80%) 1500 word assignment (20%) Full Year Standard 15 1.5 hour Examination (80%) 2000 word assignment (20%) Autumn Term only Not Available Not Available Not Available Autumn & Spring Terms Visiting (VA) 12 2000 word assignment (100%) Spring Term only Visiting (VA) 12 2000 word assignment (100%)
be able to plan and execute a business model strategy that reflects how an organization could manage its control and position within an ecosystem. acquire a knowledge of business models, strategy and technologically driven open innovation, and the new management techniques necessary to control and coordinate work within and beyond organisational boundaries. Assessment Methods Period of Study Method Name CATS (Credit) Assessment Description Full Year Standard 12 2000 word report (75%) Group Assignment (25%) Full Year Standard 15 2500 word report (75%) Group Assignment (25%) Autumn Term only Not Available Not Available Not Available Autumn & Spring Terms Standard 12 2000 word report (75%) Group Assignment (25%) Autumn & Spring Terms Standard 15 2500 word report (75%) Group Assignment (25%) Spring Term only Standard 12 2000 word report (75%) Group Assignment (25%) Spring Term only Standard 15 2500 word report (75%) Group Assignment (25%) Spring & Summer Terms Standard 12 2000 word report (75%) Group Assignment (25%) Spring & Summer Terms Standard 15 2500 word report (75%) Group Assignment (25%) Bibliography Textbook: TIDD AND BESSANT (2008), MANAGING INNOVATION: INTEGRATING TECHNOLOGICAL, MARKET AND ORGANIZATIONAL CHANGE, WILEY, 4TH EDITION These are some articles to be part of the planned reader for this module: Chesbrough, H. 2007. "Open Innovation: A New Paradigm for Understanding Industrial Innovation," in Open Innovation: Researching a New Paradigm, H. Chesbrough, W. Vanhaverbeke and J. West (eds.). Oxford: Oxford University Press. Chesbrough, H. 2011. "Bringing Open Innovation to Services," MIT Sloan Management Review (Winter 2011: Vol 52:2), pp. 85- 90. Cohen, M., and Sundararajan, A. 2015. "Self-Regulation and Innovation in the Sharing Economy," University of Chicago Law Review Dialogue (82), p. 116.