Module Information

Module Identifier
Module Title
Academic Year
Semester 2 (Taught over 2 semesters)
Mutually Exclusive
Mutually Exclusive
Other Staff

Course Delivery

Delivery Type Delivery length / details
Lecture 18 lectures
Seminars / Tutorials 6 tutorials


Assessment Type Assessment length / details Proportion
Semester Exam 2 Hours   Unseen written examination  60%
Semester Assessment Group report 1500 words  20%
Semester Assessment 1 Hours   Unseen class test  20%
Supplementary Exam 2 Hours   Repeat Failed Elements or equivalent  Unseen written examination, repeat failed elements  60%
Supplementary Assessment Repeat Failed Elements or equivalent  An alternative written assignment of 1500 words will be set in the event of failure of the group element  20%
Supplementary Assessment 1 Hours   Repeat Failed Elements or equivalent  Unseen class test  20%

Learning Outcomes

On successful completion of this module students should be able to:

* Explain the purpose and role of accounting and finance in different types of organization;

* Interpret financial statements of small companies;

* Analyse investment decision scenarios by selecting, justifying and applying appropriate cash flow techniques and evaluating qualitative issues;

* Identify and evaluate sources of finance;

* Interpret corporate financial performance by selecting and applying appropriate measures;

* Analyse operational decision scenarios by selecting and applying appropriate cost concepts;

* Demonstrate the importance of working capital management;

* Interpret operational and cash budgets, and critically reflect on the use of budgets in control and business planning.


This module is designed to provide an introduction to the use of financial and accounting information in management decisions at operational and strategic levels, with the aim of equipping students of management with the knowledge and understanding to interpret and apply such information in decision scenarios.

Brief description

This module provides an introduction to the use of financial and accounting information in management decisions. Through the use of business scenarios, students will be introduced to the financing of strategic investment, identifying both financing requirements and sources of business finance. Students will also identify the contribution of cost concepts to operational decisions and appreciate the role of budgeting in controlling operations and cash. The module will also introduce students to the use of financial analysis in appraising business performance and its impact on decision-making.


  • Purpose and role of Accounting and Finance in organisations.
  • Financing: sources of business finance, time value of money.
  • Reporting to providers of finance; introduction to basic accounting concepts and formats.
  • Using financial information to support operational decisions.
  • Using financial information in strategic investment decisions.
  • Short term financing: working capital management.
  • Use of financial information for planning and control.
  • Using financial information in performance evaluation: measures of corporate financial performance.

Module Skills

Skills Type Skills details
Application of Number Tackle a range of problems involving numbers and graphical data.
Communication Communicate effectively, orally and in writing, using a range of media and formats which are widely used in business.
Improving own Learning and Performance Devise and apply realistic learning and self management strategies, in terms of time, motivation and behaviour, especially for tutorial sessions and group work.
Information Technology Use common spreadsheet package in preparing numerical solutions for tutorials, and other appropriate applications in presenting group work.
Personal Development and Career planning
Problem solving Identify, formulate and solve business problems, using appropriate qualitative and quantitative skills.
Research skills Basic research into financial issues relating to management, as part of a team for group work.
Subject Specific Skills Students will develop numerical and communication skills in relation to specific management decision scenarios, and will develop awareness of the interaction of a range of factors in formulating problems.
Team work Preparation of the group report will require students to develop team-working skills, including effective listening, negotiation and persuasion.

Reading List

Recommended Text
Atrill, Peter. (2006.) Accounting and finance for non-specialists /Peter Atrill and Eddie McLaney. 5th ed. Pearson Education Primo search Atrill, Peter. (2003.) Financial management for non-specialists /Peter Atrill. 3rd ed. Financial Times Prentice Hall Primo search Collier, Paul M. (2006.) Accounting for managers :interpreting accounting information for decision-making /Paul M. Collier. 2nd ed. WIley Primo search Drury, Colin. (2005.) Management accounting for business /Colin Drury. 3rd ed. Thomson Learning Primo search Gowthorpe, C (2003) Business Accounting and Finance for Non -Specialists Thomson Primo search McLaney, E J (2000) Business Finance: Theory and Practice 5th Edition FT Prentice Hall Primo search


This module is at CQFW Level 4