Module Information

Module Identifier
Module Title
Academic Year
Semester 2
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 An individual in-class test - 15% A group project - 15%  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: those of financial accounting and management accounting. First we will consider financial accounting, the form of accounting aimed at parties external to the business. We will cover the basics of preparation of financial accounts; and analysis of the principal financial accounting statements - which are the profit and loss account (or income statement), balance sheet and cash flow statement. Next, we will deal with management accounting, covering the requirements for and practices of accounting for parties internal to the business - as they seek to plan, monitor and control the business in a well-informed and effective manner.

The over-riding concern is that students should be able to speak the accounting language of business; be able to take an active part in discussions of or based on accounting information; and understand and appropriately employ accounting information and techniques in making business decisions.


1) Introduction to accounting and its environment
2) Accounting basics
3) Main financial statements
4) Analysis and interpretation of financial statements
5) Cost analysis, classification and determination
6) Short-run decision making
7) Planning and control systems
8) Performance evaluation
9) Review

Reading List

General Text
Collier, P M (2006) Accounting for Managers 2nd edition Wiley Primo search Davies, T. and Boczko, T. Business Accounting and Finance Primo search Dyson, J Accounting for Non-Accounting Students Primo search Fraser, Lyn M and Ormiston, Aileen (1998) Understanding Financial Statements, Pearson Primo search Jones, M Accounting Primo search Parker, R H (1999) Understanding Company Financial Statements, Penguin Primo search
Should Be Purchased
Atrill, Peter. (2008.) Accounting and finance for non-specialists /Peter Atrill and Eddie McLaney. 6th ed. FT/Prentice Hall Primo search


This module is at CQFW Level 7