COURSE: 23_MBA_NI_T1_CCO_1832 Introduction to Financial and Managerial Accounting

PROGRAMME Global MBA

COURSE TYPE Core Course ACADEMIC YEAR 2022-2023

STUDENT HOURS 24 hours ECTS 3

SEMESTER Semester 1 CAMPUS Nice

TEACHING FACULTY Nick Croft
COURSE COORDINATOR/EMAIL nicholas.croft@edhec.com

COURSE OBJECTIVES
This course examines key areas of financial and managerial accounting.

As an introductory course, the financial accounting module objectives focus on both the concepts and use of standards in the preparation of
the principal financial statements and the analysis of these statements.
The managerial accounting module focuses on using accounting information in order to make management decisions. This module will
primarily focus on cost behavior and cost-volume-profit analysis.
The two branches of accounting perform different roles, financial accounting focuses on the recording and reporting of the financial
performance and position of the entity for internal and external users; whereas managerial accounting uses both financial and non-financial
information to aid management to make business decisions to achieve the entities strategic goals.

LEARNING OUTCOMES
After having taken this course, participants will be able to/are expected to know or understand (knowledge-based outcomes)
LO1 Describe the nature of the principal financial statements (income statement, balance sheet and statement of cash flows)
LO2 Identify costs and their behaviour

More specifically, participants should be able to (skill- and competency-based outcomes)

LO3 Interpret and evaluate a company through financial statement analysis
LO4 Analyse, select and justify key management decisions using CVP analysis

PREREQUISITES
HBS Introduction to accounting online course

COURSE CONTENT
Session Topic Preparation/Support Material
1. Introduction to financial accounting and business models Reading Annual Report extract
- Linking financial accounting to business Investopedia – business models
ESG article
Slide deck
2. Introduction to the Income statement Example statement
- Understanding and evaluation the income statement Refresher video
Revenue recognition article
Slide deck
3. Introduction to the Balance sheet Example statement
- Understanding and evaluation the Balance sheet Refresher video
Brand valuation article
Slide deck
4. Introduction to the Statement of Cash Flows Example statement
- Understanding cash flows Refresher video
Cash article
Slide deck

Online Financial accounting quiz (multiple choice questions)

(Wednesday 21 September)

5. Financial Statement Analysis Key ratios

- Using trend and ratios to analyse the statements Slide deck

6. Group Company Presentations

7. Introduction to Managerial accounting Slide deck

- Cost behaviour and Cost-Volume-Profit analysis

8. Key management decisions Slide deck

- Using CVP for decision making
- In-class managerial accounting quiz (multiple choice questions)
MAIN TEACHING & LEARNING METHODS
Lectures Presentations (group) Class Discussions Case Studies

ASSESSMENT METHODS

Evaluation Type % of Grade Format - Invigilation Duration Main Learning Objective Evaluated

1 Continous 10% Assignment (Prof) Not apply ☐LO1 ☐LO2

Assessment ☐LO3 ☐LO4 ☒All LO
Individual

2 Midterm 25% Quiz outside class (Prof + 60 minutes ☐LO1 ☐LO2

Assessment schedule) ☐LO3 ☐LO4 ☒All LO
Individual
3 Midterm 25% Quiz in class 60 minutes ☐LO1 ☐LO2
Assessment ☐LO3 ☐LO4 ☒All LO
Individual
4 Other (Specify) 40% Oral in class group 30 minutes ☐LO1 ☐LO2
☐LO3 ☐LO4 ☒All LO

REQUIRED READING
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Selection of additional online resources:

Accounting bodies:
IFRS.org (International Accounting Standards Board website)
FASB.org (US standard setting body)

Accounting firms:
IASplus.com (Deloitte’s accounting resources)
BDO.global (BDO’s accounting resources)

Educational sites:
corporatefinanceinstitute.com/resources/
accountingcoach.com/

Business News sites:

Bloomberg.com
FT.com
Reuters.com
Morningstar.com