Module Information

Module Identifier
Module Title
Academic Year
Semester 1
Mutually Exclusive
Other Staff

Course Delivery

Delivery Type Delivery length / details
Lecture 10 x 2 hours
Seminars / Tutorials 5 x 1 hour


Assessment Type Assessment length / details Proportion
Semester Assessment Individual financial analysis project (2000-2500 words) - 20% and group project - 10%  30%
Semester Exam 2 Hours   70%
Supplementary Exam 2 Hours   Resit/Re-submission of failed element or elements. An individual financial analysis project to be submitted as supplementary assessment in lieu of the Group Project.  100%

Learning Outcomes

Having completed this module, student should be able to:

  • Explain the various roles of the accounting function in organisations
  • Explain and illustrate the rules and conventions by which financial statements are prepared.
  • Interpret company financial statements and prepare a simple analyst style report to interpret underlying business history, position and prospects.
  • Explain and evaluate the effects of selected earnings management reporting issues that can impact on the financial analysis exercise.
  • Identify and use internal accounting data for selected management accounting and decision-making scenarios.
  • Explain the budgeting process and prepare cost centre/cash budgets .
  • Explain and discuss on the contemporary management accounting techniques for assessing performance.


This module aims to give students a practical grasp of accounting from two perspectives - external and internal. Firstly, the basics of financial accounting and the analysis of financial statements, (being the profit and loss account, balance sheet and cash flow statement) will be considered, as applicable to an external user of accounting information. Secondly, the management accounting perspective will cover the elements related to the internal use of accounting information, such as cost behaviour, financial decision making techniques, budgeting and financial control.


  • Role and functions of accounting
  • The fundamentals and conventions of financial accounting
  • The form and content of published financial statements
  • The analysis of financial statements and selected earnings management issues
  • Management Accounting - Cost Concepts, Accumulation and Behaviour
  • Marginal Costing - Principles and Application
  • Cost Volume Profit Analysis - Applications
  • Budgeting Process and Preparing Selected Operational Budgets
  • Assessing internal performance - contemporary management accounting techniques

Reading List

General Text
Attril, Pand McLaney, E (2004) Accounting and Finance for Non-specialists, Prentice Hall Primo search Collier, P M (2006) Accounting for Managers 2nd edition Wiley Primo search Davies,T and Pain, B (2002) Business Accounting and Finance, McGraw Hill Primo search Fraser, Lyn M and Ormiston, Aileen (1998) Understanding Financial Statements, Pearson Primo search Parker, R H (1999) Understanding Company Financial Statements, Penguin Primo search


This module is at CQFW Level 7