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BA Modern Language and Business & Management (French) / Course details
Year of entry: 2023
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Course unit details:
Fundamentals of Financial Reporting B
|Unit level||Level 1|
|Teaching period(s)||Semester 1|
|Offered by||Alliance Manchester Business School|
|Available as a free choice unit?||Yes|
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 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 unit assumes no background knowledge in accounting.
By the end of the course unit, you should be able to:
1. Discuss the conceptual framework of financial reporting which enables accounting information to be useful for decision-making purposes.
2. Identify and explain the different forms of business in the UK, particularly their legal and financial reporting requirements.
3. Explain and apply the accounting principles, conventions and concepts when preparing non-complex income statements, statements of financial position and cash flow statements.
4. Explain and apply the difference between cash and profit as well as the book value and market value of companies.
5. Analyse and interpret the financial statements of a company using ratio analysis and show commercial awareness of the relative significance of non-financial reported information.
6. Discuss and evaluate the importance of corporate governance and contemporary issues in accounting in the context of wider stakeholder groups and their information needs.
Teaching and learning methods
Lecture hours: 22
Workshop hours: 5 x 1 hour workshops in week 4, 7, 9, 10 & 11
Independent study: 72 hours
Total study hours: 100 hours
Note: Independent study includes reading, preparation for classes, homework, completion of practice quizzes and preparation for assessments.
Total study hours: 100 hours split between lectures, classes, self study and preparation for classes, online assignments and a closed-book examination.
Online coursework (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 written exam||2|
|Practical classes & workshops||5|
|Independent study hours|
|Nooch Kuasirikun||Unit coordinator|
|Yan Qiu||Unit coordinator|
Other Teaching Staff: to be confirmed
Dependent course units:
• BMAN10632/10632(M) Fundamentals of Management Accounting
• BMAN21020 Financial Reporting & Accountability
• BMAN20081 - BMAN10522/10522(M Financial Decision Making is also required as a pre-requisite with
BMAN10621 (A), (B) or (M) Fundamentals of Financial Reporting OR BMAN10552 Fundamentals of Finance (passed at 60% or above) is required as a pre-requisite with BMAN10621(A), (B) or (M)) Fundamentals of Financial Reporting.
Programme Restrictions: This course is designed to be a self- contained introduction to financial accounting and reporting for those students who are not specialists in accounting and is available as a free choice option to students who have received prior agreement from their registering School. Core course for BSc Maths with Finance (1st year) and BSc Maths with Financial Maths (2nd year). Option for BSc Actuarial Science & Maths (2nd year).
This course is NOT available to students on the following programmes BA (Econ) Accounting and Finance, Finance, Economics and Finance and BSc International Business, Finance and Economics and BSc Accounting, who must take BMAN10501 instead.
BMAN10621(B) Fundamentals of Financial Reporting is available to study abroad and exchange students admitted through the University of Manchester International Programmes Office.
For Academic Year 2022/23
Updated: March 2022
Approved by: March UG Committee