Program Overview

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Module Overview

The ACCOUNTING & FINANCE FOR THE SERVICE INDUSTRY module is designed to provide students with the conceptual foundations for critically analyzing and interpreting business financial information. This module aims to equip students with the rationale of investment decision making in the service industry, enabling them to apply accounting principles, financial analysis, and investment appraisal to decision making.

Module Details

• Module code: MANM490
• Module provider: Surrey Hospitality & Tourism Management
• Module Leader: JIAO Eden (Hosp & Tour)
• Number of Credits: 15
• ECTS Credits: 7.5
• Framework: FHEQ Level 7
• Module cap (Maximum number of students): N/A

Student Workload

• Independent Learning Hours: 106
• Lecture Hours: 11
• Tutorial Hours: 11
• Guided Learning: 11
• Captured Content: 11

Module Availability

The module is available in Semester 2.

Prerequisites / Co-requisites

NA

Module Content

Indicative content includes:

• Measuring and reporting financial position
• Measuring and reporting financial performance
• Accounting for limited companies
• Measuring and reporting cash flows
• Analysing and interpreting financial statements
• Cost volume profit analysis and full costing
• Budgeting
• Making capital investment decisions
• Financing a business

Assessment Pattern

• Assessment type: School-timetabled exam/test
  • Unit of assessment: Mid-term class test (1 hour)
  • Weighting: 30
• Assessment type: Examination
  • Unit of assessment: Closed-book final exam (2 hours)
  • Weighting: 70

Alternative Assessment

None

Assessment Strategy

The assessment strategy is designed to provide students with the opportunity to demonstrate their understanding of both the theoretical concepts of finance and accounting and their practical application in the service industry.

Module Aims

• Provide students with the conceptual foundations for critically analyzing and interpreting business financial information
• Equip students with the rationale of investment decision making in the service industry
• Enable students to apply accounting principles, financial analysis, and investment appraisal to decision making in the service industry

Learning Outcomes

| | Attributes Developed
---|---|---
001 | Comprehensively understand the content and purpose of financial statements, their interpretation and their limitations in the service industry | K
002 | Critically evaluate the current performance of an organisation and its future sustainability from its corporate reporting | C
003 | Understand and apply the principles of budgeting and planning and use cost concepts required for decision making in the service industry | P
004 | Comprehend the theoretical basis of investment appraisal techniques and critically evaluate the risks involved and use valuation skills and metrics in capital budgeting | P
005 | Apply the knowledge to real business and investment decision making | T

Attributes Developed

• C - Cognitive/analytical
• K - Subject knowledge
• T - Transferable skills
• P - Professional/Practical skills

Methods of Teaching / Learning

The learning and teaching strategy is designed to facilitate active hybrid (offline and online) learning and to support students in achieving the learning outcomes. The methods include:

• Online pre-recorded captured content to illustrate the principles of finance and accounting and practice their applications to the service industry
• Offline live lecture to extend the understanding of the principles and their applications in the service industry through further discussions
• Offline live tutorial to apply the learnt theories and principles through in-class interaction and short and long problem solving
• Independent learning to extend the understanding and application of the finance and accounting principles with the support of additional learning material and reading
• Support of lecture/seminar/tutorial materials by directed reading and exercises
• SurreyLearn will be used as an information portal and will contain captured content videos, lecture notes, practical exercises, solutions to practical exercises, mock exam papers, and relevant reading
• On-going feedback in-class on an individual and group basis
• Online discussion boards for students to raise questions and discussions on weekly content

Reading List

Upon accessing the reading list, please search for the module using the module code: MANM490

Other Information

Surrey's Curriculum Framework is committed to developing postgraduates with strengths in Employability, Digital Capabilities, Global and Cultural Capabilities, Sustainability, and Resourcefulness and Resilience. This module is designed to allow students to develop knowledge, skills, and capabilities in the following areas:

• Digital Capabilities: Learning to navigate the VLE, SurreyLearn, is an essential part of the module
• Employability: This module provides students with a working knowledge of key conceptual foundations for critically analyzing and interpreting business financial information
• Resourcefulness and Resilience: This module equips students with the rationale of investment decision making in the service industry, using practical examples and exercises for students to apply the key principles of accounting and financial management learnt throughout the module.