Module Identifier AC11020  
Academic Year 2001/2002  
Co-ordinator Ms Megan Williams  
Semester Semester 1  
Mutually Exclusive AC10120  
Course delivery Lecture   18 Hours  
  Tutorial   6 Hours  
  Practical   4 x CAL (Computer Assisted Learning) sessions  
Assessment Course work   plus a mid-semester test   30%  
  Exam   3 Hours   70%  

Brief description

This module provides a thorough grounding in the context, purposes and practices of financial reporting, and an intorduction to the interpretation of financial accounts.


This module aims to give students a thorough grasp of the basics of financial reporting (context, purposes, regulatory framework) and build towards a proficiency in the recording of business transactions, and the preparation and interpretation of the primary financial statements (profit and loss account, balance sheet and cash flow statement). It also aims to build proficiency in the use of accounting computer software.

The module also aims to assist the development of a variety of personal transferable skills by encouraging students to:

Learning outcomes

Having followed this module a student should be able to:

Outline syllabus

Reading Lists

Bebbington, J., Gray, R. and Laughlin, R.. (2001) Financial Accounting Practice and Principles. Thomson Learning
Glautier, M.W.E. and Underdown, B.. (2001) Accounting Theory and Practice. Prentice Hall
Weetman, P.. (1999) Financial Accounting: An Introduction. 2nd edition. Prentice Hall
Arnold, J., Hope, T., Southworth, A. and Kirkham, L.. (1994) Financial Accounting. 2nd edition. Prentice Hall
** Supplementary Text
Parker, R.H.. (1999) Understanding Company Financial Statements. Penguin
Attrill, P. & McLaney, E.. (2001) Accounting and Finance for Non-Specialists. Prentice Hall