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The module will begin with an introduction to the link between business and accounting in order to show the value to the students of their having some knowledge of accounting. The module is designed to teach students how to prepare, read and interpret financial information with a view to their being future business managers rather than accountants.
The module will continue with a brief demonstration of double-entry bookkeeping. Students will not be examined on this, it is merely to put bookkeeping and accounting in context. Following on from this, students will be shown how to prepare financial statements from a trial balance and make adjustments to the figures given by acting on information given in a short scenario.
The regulatory framework of financial reporting will be considered as will the annual reports and accounts of a variety of organisations. The module will finish will an analysis of financial statements with students shown how to interpret data and make sensible recommendations
Total contact hours: 32
Private study hours: 118
Total study hours: 150
Main assessment methods:
Online MCQ Test (10%)
Individual Report (1000 – 2000 words) (20%)
Examination, 2 hours (70%)
Reassessment method:
100% exam
Atrill, P. and McLaney, E. (2015), Accounting and Finance for Non-Specialists (9th Ed), Harlow: FT Prentice Hall.
See the library reading list for this module (Canterbury)
The intended subject specific learning outcomes.
On successfully completing the module students will be able to:
- Demonstrate the link between financial accounting systems and business activities for a variety of organisations.
- Describe the role and limitations of financial reporting in providing useful information to decision makers.
- Be able to produce financial statements from trial balance for sole traders and limited companies incorporating post trial balance adjustments.
- Illustrate the various influences on the financial reporting process and how they impact on the annual report and accounts of UK listed companies, in particular, and why there is a need for regulating the practice of financial reporting.
- Analyse a set of financial statements and be able to explain the limitations of techniques of analysis.
The intended generic learning outcomes.
On successfully completing the module students will be able to:
- Demonstrate coherent writing skills on management and accounting issues.
- Plan work, manage time and study independently.
- Retrieve and communicate information from a variety of sources.
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