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BSc International Management with American Business Studies / Course details
Year of entry: 2021
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Course unit details:
Fundamentals of Financial Reporting
|Unit level||Level 1|
|Teaching period(s)||Semester 1|
|Offered by||Alliance Manchester Business School|
|Available as a free choice unit?||No|
Topics studied are as follows:
• Introduction to Financial Reporting concepts
• The statement of financial position
• The income statement
• The cash flow statement
• Ratio analysis and analytical review
• Corporate Governance
This course is restricted to students on BSc Management, BSc Management specialisms, BSc IMABS, BSc IM and BSc ITMB.
This course aims to introduce students to the fundamental concepts, principles and techniques of financial accounting and reporting for students who are not specialists in accounting. It takes a conceptual and practical approach which emphasises general principles and methods in order to allow these concepts to be applied to specific problems and issues in accounting and the wider business/social environment. The course assumes no background knowledge in accounting.
By the end of the course, you should be able to:
• explain the purpose and nature of financial accounting;
• explain the main differences between financial accounting and management accounting;
• identify the main users of financial reports and discuss how these stakeholder groups might use financial reports;
• describe the three main business forms used in the UK and understand their financial reporting requirements;
• prepare simple statements of financial position, income statements and cash flow statements from relevant financial information;
• use financial ratios to analyse the performance of a firm and highlight any potential problems the firm may face;
• be able to explain and illustrate two important measurement issues in accounting; market value of a company vs. book value of a company and the difference between profit generated and cash generated;
• discuss the nature and purpose of corporate governance, and identify and discuss some examples of good corporate governance practice
Teaching and learning methods
Lecture hours: 22
Workshop hours: 5 x 1 hour workshops in weeks 4, 7, 9, 10 & 11
Independent: 72 hours
Total study hours: 100 hours split between lectures, classes, self-study and preparation for classes, coursework and examinations.
Note: Independent study includes reading, preparation for classes, homework, completion of practice quizzes and preparation for assessments.
Informal contact methods
- Office Hours
- Online Learning Activities (blogs, discussions, self assessment questions)
Online assessment (5 tests) counting for 20% of the final grade
A closed-book examination in January counting 80% of the final grade
- Duration 2 hours
- Conducted under examination conditions
• Informal advice and discussion during a lecture or workshop.
• Immediate feedback on online-coursework.
• Online exercises and quizzes delivered through the Blackboard course space.
• Responses to student emails and questions from a member of staff including feedback provided to a group via an online discussion forum.
• Generic feedback posted on Blackboard regarding overall examination performance.
Atrill & McLaney, Financial Accounting for Decision Makers, 7th edition.
Supplementary reading: financial press (e.g. Financial Times), Accountancy magazine & any plc annual financial statements
|Scheduled activity hours|
|Assessment practical exam||2|
|Assessment written exam||2|
|Practical classes & workshops||5|
|Independent study hours|
|Nooch Kuasirikun||Unit coordinator|
Other Teaching Staff: To be confirmed
Dependent course units:
BMAN10632/10632(M) Fundamentals of Management Accounting
BMAN21020 Financial Reporting & Accountability
BMAN20081 Financial Statement Analysis - BMAN10522/10522(M) Financial Decision Making is also required as a pre-requisite with BMAN10621(A), (B) or (M) Fundamentals of Financial Reporting.
Programme Restrictions: This course is compulsory for BSc Management, BSc Management Specialisms, BSc International Management, BSc International Management with American Business Studies and BSc ITMB.
For Academic Year 2020/21
Updated: March 2020
Approved by: March UG Committee