Constructing and analysing financial tools

1864 words (7 pages) Essay

14th Nov 2016 Finance Reference this


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Learning outcomes

Be able to construct and analyse financial statements using a range of techniques and appropriate e-tools in order to critically appraise their value in decision making

Critically appraise current developments in accounting and finance including evaluating contemporary theories and empirical evidence within the context of contrasting global business contexts e.g. the ethical and international issues facing organisations when formulating, implementing and reporting financial strategies.

Recognize the contribution of accounting and finance to a diverse range of enterprises and society as a whole and be capable of contributing to accounting and finance research using appropriate data and methodologies.

Be able to engage in the workplace as an ethical professional with the essential graduate attributes of enterprise, digital literacy and global outlook.

Part (a)

Part (b)

Core financial reporting content and modules

Semester and level


Introduction to Accounting

Sem. 1 & Level 4

a basic level

Introduction to Financial Statement Preparation

Sem. 2 & Level 4

students are expected to key accounting statements such as the Income Statement

Dealing with Accounting Adjustment

Sem. 1 & Level 5

students will be expected to evaluate a range of International Accounting Standards

Producing/Interpreting Group Financial Statements

Sem. 2 & Level 5

students are expected to be able to produce and analyse more complex financial statements for a group of companies

Accounting Issues

Sem. 2 & Level 6

students are expected to critically evaluate current financial reporting regulations and professional ethics.

Core management accounting content and modules

Semester and level


Introduction to Accounting

Sem. 1 & Level 4

a basic level

Management Accounting

Sem. 2 & Level 4

students are expected to apply management accounting principles to simple planning and decision-making scenarios

Intermediate Management Accounting

Sem. 1 & Level 5

solve more complex planning and decision-making problems using a wider range of techniques. hey will also be able to use a range of techniques to measure and critically evaluate organisational performance

Accounting Issues.

Sem. 2 & Level 6

students will identify and critically evaluate recent changes in management accounting theory and practice

Core financial management content and modules

Semester and level


Financial Management

Sem. 2 & Level 5

students are expected to develop an understanding of the structure of business finance and its application to the decision making processes within organisations.

Advanced Financial Management

Sem. 1 & Level 6

students will investigate corporate financing from both strategic and global perspectives and can appraise corporate financial performance

Part (c)

Independent study skills cultivated in 3 academic years.

The first is self-study ability. In level 4 and I will take introduction to accounting and introduction to financial statement preparation. These two modules explain the basic financial reports, liking income statement and balance sheet. The knowledge in class about this part is not enough, and I should find more related explanation and practise to enhance my understanding. Fortunately document and web links provided by Leeds will direct students to reading materials and additional activities in a range of modules such as Introduction to Accounting (H4), Dealing with Accounting Adjustments (H5) and Accounting Issues (H6). Students will be able to self-check their understanding by completing online quizzes. As a student, I should correct my attitude towards study and learn to study independently. Level 4 is the foundation of financial accounting, when I learn more about accounting adjustments and group financial statements in level 5 and 6 with the self-study ability, it is not impossible for me to correctly construct financial statements for all diverse kinds of corporations in the future, and this would be a great advantage for a employee.

The second is about efficient communication and team working skills. I should value the contributions of my peers in team working, for example in the preparation of a group presentation in the Business Context module and Strategic planning and Control module. Working in groups to manage and carry out a simulated business project synthesizing the expertise and skills developed throughout the course. During the process our group members have to assign reasonable apportional proportion that is suitable to their advantages to each members through efficient communication. In workplace, efficient communication makes you professional and team work makes you competitive.

The thirdly is use of university e-services e.g. VLE, portal, library and email. We should use appropriate e-tools to locate, access and utilise information that facilitate learning e.g. library e-catalogue and search engines. In Level 4 students will use Excel spreadsheets to create, manipulate and analyse data in the Data Analysis for Finance module. in Level 5. IT for Accountants will extend students’ Excel spreadsheet skills as well as improve their employability prospects through use of the SAGE accounting software. This will involve importing and exporting information from accounting systems into spreadsheets in order to manipulate data. Students will have to continue to demonstrate digital literacy at Level 6 e.g. In the Strategic Planning and Control module students are required to carry out internet based research and prepare a set of final accounts using Excel. The digital literacy is significant in the career life. It is necessary for a employee to be successful.

Part (d)

Competencies I already have

  • Communication skills. I control good skills of communicating with people. I can clearly identity other people’s advantages and weakness through talking with them. In addition to that, in the group assignment of Business Context, my responsibility is to coordinate every team members, tell their objective and absorb their ideas.
  • Computer literate. I am interested in computer, I am good at internet detective. And using correct resource to achieve the already set objectives.
  • Time management. Normally I use timetable to arrange my daily work, especially for the team work. I will inform my group members early and guarantee they will be there on time, and urge them to finish their part work on time.

Competencies that need enhancing

  • Mathematics. my mathematics is poor, always make mistakes, so I need to concentrate on the question and numbers when I am doing calculation. This should be improved definitely.
  • Problem solving. I am not good at solving problems, so I should read more people’s experience, and learn their decision making in the same situation.

Future career path

My personal goal is to become a charted accountant within industry or commerce. This allows me to specialise my financial expertise. However, my long time goal is gaining all the knowledge and skills to open my own accounting company.

Below I will make a schedule to make my dream achievable


It is my first year in BAAF, I will learn the basic knowledge about

  • financial accounting, liking prepare income statement and balance sheet.
  • management accounting, such as budgeting and cash flow preparation.
  • Business context, knowing the micro and macro environment and the International Accounting Standards as well as UK regulations


The second year, I will take professional study and increase my ability of problem solving in realistics.

  • Evaluate the impact of diverse global contexts upon business risk
  • Consider practical accounting issues associated with international business operations.
  • In Intermediate Management Accounting will evaluate performance within divisional organisations including multi-national


In the last academic year, it is important for me to obtain these abilities

  • in Corporate Taxation, I will critically evaluate the international tax environment
  • In Advanced Financial Management I will evaluate financial decision making within a multi-national context
  • In Strategic planning and Control module I will run a business simulation within a global market.


In before year I have already finished my study, so in the continue master level, I will take the ACCA examination. I give thee years to myself to gain working experience in accounting company and gain the related accounting knowledge. Try my best to pass the examination one time. And to be qualified accountant.


Work in a big international accounting company.


Raise money and open my accounting company.

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