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MGT 531 Accounting and Finance for Managers: Reading list

MGT 531 Accounting and Finance for Managers

Department: Master of Business Administration

Module Description: This module will enable students to gain an advanced knowledge and deep understanding of accounting and financial aspects that are expected to be acquired by a manager working for a modern organization. Students will, applying different analytical tools, learn to identify the relevant information for better decision making to the advantage of the organization. The topics include cost concepts, cost-volume profit relationships and cost information for decision making, analysing and interpreting financial statements applying ratio analysis. It also includes important areas of management accounting useful for decision making purposes which includes preparation of cash flow, funds flow statements and budgets. Financial accounting covers external as well as accounting to be prepared by organisations. The finance component of this module aims at developing a clear understanding of the fundamental and advanced concepts of corporate finance and their relationship with the theory and practice of corporate investments through the examination of real-life case studies and contemporary examples which helps decision-making. It, therefore, discusses and compares investment appraisal techniques, risk & return and examines the relation of finance theory to corporate policy issues such as cost of capital & capital structure, debt policy & leverage and capital budgeting, and dividend policy.

Module texts

  • Libby, R., Libby, P. and Short, D. (2023). Financial accounting. 11th edn. McGraw-Hill. 9th edition available

  • Noreen, E., Brewer, B. and Garrison, R. (2023). Managerial accounting for managers. 6th edn. McGraw-Hill/Irwin. 4th edition available

  • Ross, S. A., Westerfield, R. W. and Jaffe, J. (2022). Corporate finance. 13th edn. McGraw- Hill. 12th edition available

Recommended readings

  • Atrill, P. and McLaney, E. J. (2022). Accounting and finance for non-specialists. 12th edn. Hoboken, NJ: Pearson.

  • Bamber, M and Parry, S. (2024). Accounting and finance for managers: a business decision making approach. 4th edn. KoganPage. 

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