Module Identifier AC11020  
Academic Year 2003/2004  
Co-ordinator Ms Megan R Williams  
Semester Semester 2 (Taught over 2 semesters)  
Mutually Exclusive AC10120  
Course delivery Lecture   18 Hours  
  Seminars / Tutorials   6 Hours  
Assessment TypeAssessment Length/DetailsProportion
Semester Exam3 Hours  70%
Semester Assessment  30%
Supplementary Exam  100%

Learning outcomes

Having followed this module a student should be able to:

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:

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
A Thomas (2002) Introduction to Financial Accounting 4th edition. McGraw-Hill
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


This module is at CQFW Level 4