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© Hogeschool Utrecht: University of
Applied Sciences Utrecht
Utrecht, 2011
This material is subject to copyright.
Copies for own or internal use are permitted.
: MPEN-FIMANAC1-14
: 2014-2015
: Block A/B
: Yes
: Full Time
: Conceptual course
: Maurice. Brown
: https://cursussen.sharepoint.hu.nl/fem/24/MPEN-FIMANAC1- 14/default.aspx
: Maurice Brown
: 1.108
: 088 481 6401
: maurice.brown@hu.nl
: 09.2014
Finance and Managerial Accounting 1
Propedeuse-(EN)
Study Advice and Course Guide
© Hogeschool Utrecht: Univer
Utrecht, 2007
This material is subject to copy
Copies for own or internal use
Contents
1 Course Description
3
2 Course Goals and Learning Objectives
4
3 Place in the Curriculum and Related Courses
5
4 Study Burden
6
5 Pre-requisites
7
6 Exemption Possibilities
8
7 Competencies
9
8 Didactic Forms
10
9 Assessment
11
10 Course Material and Literature
13
11 Course Evaluation
14
© Hogeschool Utrecht: University of Applied Sciences Utrecht
1 Course Description
The aim of this course is to learn the financial roles, tasks and responsibilities carried
out in a business, be it as a sole trader, partnership or as a corporation.
The first half of the course is dedicated to the introduction and development of skills in
Financial Accounting. You will learn the concepts of debit and credit and how these
transaction lead to the construction and creation of the key financial statements, used
for external reporting in an annual report by a business or company. The key financial
statements to be discussed are: the income statement, balance sheet and cash flow
statement. You will also learn how to use these statements to determine the firm’s
financial health through the use of ratio analyses. Lastly, you will be introduced to the
concept of stock valuation and working capital management and depreciation.
The second half of the course will focus on Management and Cost Accounting
You will be taught the concepts of cost behavior, identification, classification and
allocation. The methods used in determining apportioning and allocation of costs and
how companies add value to their products or services. How a company determines its
break even and manages its profitability. Finally, the use of this information and
measurement of performance by management in decision making to determine the
viability of their operations in a manufacturing or service oriented business.
The course is an important foundation for your future role as a financial or credit
controller or as a financial or business support analyst within an organisation to
departments such as marketing, supply chain, logistics and to management for general
strategic decision purposes
© Hogeschool Utrecht: University of Applied Sciences Utrecht
2 Course Goals and Learning Objectives
At the end of this course your will be able to:
1. Identify, describe and construct the key financial statements of a company; profit
and loss account, retained earning account, balance sheet and a cash flow
statement, while focusing on and discussing international companies.
2. Apply ratios and their calculations to provide insight and analyses in determining
the financial health and strength of small, medium and large companies.
3. Apply the concepts of debit and credit to T-accounts and basic journals entries
and to identify what are: asset, liability and shareholder equity accounts.
4. Apply and calculate the three main methods used by companies to record and
value inventory.
5. Calculate and evaluate the impact of the operating cycle on the working capital
6. Calculate and evaluate liquidity/cash flow of small, medium and large companies
7. To describe and apply the concept of depreciation, how, why and when it is
used, its impact and how it is calculated using the various recognised methods.
8. Describe what is Management accounting and how it supports management
process and decisions for continuous improvement and analysing the value
chain.
9. Classify and apply cost allocations to manufacturing, service and retail
organisation in order to determine and evaluate the total or unit cots for a product
or service.
10. Explain the difference between Job and Process costing and when and how to
apply each method to calculate the cost of an order or job.
11. Define what is value based, activity based and back flush-costing and to apply its
calculation in evaluating the cost of a bill of activities.
12. Define and identify cost behaviour and calculate and explain how manager’s use
cost, volume, profit and breakeven point analyses as a tool for planning and
control.
13. Prepare a cost centre report using the flexible budget reports and evaluate the
residual value, return on investment and economic value added.
© Hogeschool Utrecht: University of Applied Sciences Utrecht
3 Place in Curriculum and Related Courses
This course creates the foundation for the understanding of Finance in the business
world and will provide the technical background necessary for financial aspects of
Business Plan Project in the Block C of the Propedeuse year.
It is also a prerequisite for Finance year 2 and will also provide the foundation
necessary for further specialization in Financial subjects taken at the FEM.
.
© Hogeschool Utrecht: University of Applied Sciences Utrecht
4 Study Burden
Below is an estimate of the time an average student should spend on attending
lectures, class tutorials and for class preparation and private study for the entire module
(7 weeks).
Total Workload:
144 Hours (5 EC’s)
Break down:
 Class Contact Hours
(7 hrs. of lectures 21 hrs. tutorials,14hrs computer lab sessions)
 Reading (315 Pages)
 Problem Solving/homework
 Preparation for tutorials
 Exam Preparation
 Exam
© Hogeschool Utrecht: University of Applied Sciences Utrecht
42
hours
42
28
17.5
10
4
hours
hours
hours
hours
hours
5 Pre-requisites
All students should have basics skills in math.
Keeping informed on current financial events, by reading financial publications, such as
the Wall Street Journal, The Financial Times or the Economist and financial programs
on CNN or CNBC, will assist in the comprehension of course concepts by making it
relevant to real world events.
© Hogeschool Utrecht: University of Applied Sciences Utrecht
6 Exemption Possibilities
See Study Guide section on ‘’Exemptions’’; more information can be found in Article 40
of the Exam Rules and Regulations
© Hogeschool Utrecht: University of Applied Sciences Utrecht
7 Competencies
This course contributes to the development of the following competences:
I.1 International Business Awareness (Level 1)
 You show interest in international developments.
III.8 International Finance and Accounting (Level 1)
 The ability to translate simple financial activities into journal entries and to
prepare a balance sheet and profit & loss account for a small and medium
enterprise.
 The ability to determine and work with the information needs of a small and
medium enterprise among which the chart of accounts.
 The ability to understand and describe various classifications of costs and
revenues to perform mainly simple costs and revenue calculations.
 The ability to prepare a liquidity prognosis and ratio-analyses and to access the
value of an investment proposal.
© Hogeschool Utrecht: University of Applied Sciences Utrecht
8 Didactic Forms
This course will utilize lectures, class participation, class presentations, and calculation
tutorials. In the beginning of the week there will be a lecture of 60 minutes. This will be
followed by two 60 minute computer lab sessions and two 90 minute tutorial session per
week.
Students are expected to come prepared for lectures, class room tutorials and
computer lab sessions. Admittance to class tutorials may be restricted or disallowed to
a student or students, who are not adequately prepared and acquainted with course
material to be covered in class tutorials.
Problem questions will be covered in tutorial classes and students should be proactive
in reading the relevant chapters before the computer lab sessions and attempt
problems questions before class tutorials. During computer lab session students will
work on their own on set problems within a specific time allotment.
The answer to some problems not covered in class (problem questions not mentioned
in the student’s activities) can be found on Share-point website for Finance and
Managerial Accounting 1
Note: if the students come unprepared to the tutorials can be asked to leave the
working area to work on the required assignments. Previous experience shows that
those who active participate in the tutorial have a much higher chance of passing. We
therefore highly recommend attending class tutorials (prepared).
© Hogeschool Utrecht: University of Applied Sciences Utrecht
9 Assessment
Type of Assessment
Exam 1 (T1)
Exam 2 (T2)
Weighting
50%
50%
Min. Mark
5,5
5,5
There will be two exams at the end of the block T1 and T2. Each exam will consist of
multiple choice and open questions. There will be one re-sit possibility per exam. Each
exam will last for 120 minutes and you are only allowed to use a normal financial
calculator. If a financial calculator is used, you must clear all formulas and text you put
in yourself. The exam will consist of calculations and theory questions. It is NOT an
open book exam.
The passing grade for each exam and for the combined course in total must be 5.5.
Student attendance will be taken for all computer lab and tutorial sessions. Failure to
attend classes and complete computer lab sessions assignments, homework and
participation in class in tutorials will be noted. This information can be used when
accessing student motivation and progress, regarding continuation of studies and
advancing to the 2nd academic year.
NB. The results of the exam training problems or homework problems will be
handwritten. All work is to be made or carried out individually with no copying from other
students allowed unless stated otherwise by the teacher. Students should also be
prepared to hand in home work for assessment. In class and for exams only standard
non-financial calculators provided by the HU are allowed.
Students who cheat or plagiarize from others or from Internet sources will
receive a failing grade
PlagiarismThe Concise Oxford Dictionary defines this as taking, using or passing off “the thoughts,
writings, inventions, etc. of another person as one’s own”. This is a very serious
offence. It includes:
1. Handing in the same (or very similar) assignments as other past or present
(teams of) students.
2. Copying text or ideas from books, the Internet, etc. without proper source citation
;
3. Copying answers from other students during examinations; and
4. Allowing other students to copy your assignments or examination answers.
© Hogeschool Utrecht: University of Applied Sciences Utrecht
Please make sure you use footnotes correctly and a bibliography correctly to cite
sources so that the lecturer can check which sources you used and how you used
them. Please do not just copy large amounts of information from sources, even when
you have used inverted commas e.g. “text”.
Cases of fraud are treated very seriously. Lecturers and examination invigilators refer
all cases to the Exam Board.
© Hogeschool Utrecht: University of Applied Sciences Utrecht
10 Course Material and Literature
BOOK ( Required )
Title: Financial and Managerial Accounting
Author(s): Needles, Powers, Crosson, Reeve, Warren, Duchac
ISBN: 9781473717145
Edition: 10th Publisher: South- Western
/ Cengage
Learning
© Hogeschool Utrecht: University of Applied Sciences Utrecht
11 Course Evaluation
Standard FEM appraisal forms are used to evaluate this course after the exam. You will
also be asked to give open ended feedback in week 6 of the course. In addition, a
student panel will evaluate the course at the end of the block, and students will be
asked to fill in evaluation forms.
© Hogeschool Utrecht: University of Applied Sciences Utrecht