Academic Handbook Course Descriptors and Programme Specifications
LBUSI4150 Profit Analysis for Managers and Advisors Course Descriptor
| Course Code | LBUSI4150 | Discipline | Business and Project Management |
| UK Credit | 15 credits | US Credit | 4 |
| FHEQ level | 4 | ||
| Core Attributes | None | ||
| Pre-requisites | None | ||
| Co-requisites | None | ||
Learning Outcomes
On successful completion of the course, students will be able to:
Knowledge And Understanding
| K1a | Discuss and evaluate the key principles for successful ethical navigation of accounting aspects of business. |
| K2a | Describe and analyse how operations and processes are applied in a business context. |
Subject Specific Skills
| S1a | Display developing technical skills in relation to business decisions in accounting data. |
| S2a | Provide reasoned solutions to business problems with the purpose of making managerial choices to maximise (primarily) economic benefits to a firm. |
Transferable and Professional Skills
| T1a | Communicate effectively by producing and presenting data on cost analysis to a specialist audience using visual, written, or verbal techniques. |
| T3a | Display a developing technical proficiency in written English and an ability to communicate clearly and accurately in structured and coherent pieces of writing. |
Teaching and Learning
Teaching and learning strategies for this course will include:
- 36 contact hours, typically including interactive group teaching, co-curriculars, individual meetings, in-class presentations and exams.
- Course information and supplementary materials are available on the College’s Virtual Learning Environment (VLE).
- Students will receive individualised developmental feedback on their work for this course.
- Students are required to attend and participate in all the formal and timetabled sessions for this course. Students are also expected to manage their directed learning and independent study in support of the course.
Indicative total learning hours for this course: 150
Assessment
Formative
Students will be formatively assessed in class through class activities, and during office hours. Formative assessments are ones that do not count towards the final grade but will provide students with developmental feedback.
Summative
| AE: | Assessment Activity | Weighting (%) | Duration | Length |
| 1 | Written Assignment | 40% | 1500 words | |
| 2 | Exam | 60% | 2 hours |
Further information on the structure of summative assessment elements can be found in the Summative Assessment Briefs.
Feedback
Feedback on examinations is provided through generic internal examiners’ reports and are made available to the student on the VLE. For all other summative assessment methods, feedback is made available to the student either via email, the VLE or another appropriate method.
Indicative Reading
Note: Comprehensive and current reading lists for courses are produced annually in the Course Syllabus or other documentation provided to students; the indicative reading list provided below is used as part of the approval/modification process only.
- Fundamental Managerial Accounting Concepts, 10th edition by Edmonds, Edmonds, Edmonds, Edmonds and Olds (McGraw-Hill Irwin, 2023), Chapters 1-9 & 11.
- Management and Cost Accounting, 12th Edition by Colin Drury (Cengage Learning).
- Management Accounting for Decision Makers, 10th Edition by Peter Atrill and Eddie McLaney (Pearson)
Indicative Topics
Students will study the following topics:
- Cost behavior, cost-volume-profit analysis, relevant costs for decision making, cost allocation issues, and
- Performance evaluation, budgeting,
- Ethical issues in managerial decision making.
Version History
| Title: LBUSI4150 Profit Analysis for Managers and Advisors
Approved by: Academic Board Location: Handbook/Programme Specifications and Handbooks/Mobility Courses |
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| Version number | Date approved | Date published | Owner | Proposed next review date | Modification (As per AQF4) & category number |
| 1.0 | July 2024 | July 2024 | Dr Sanjay Bhowmick | July 2029 | |