BSc Management (Innovation, Strategy and Entrepreneurship)
Year of entry: 2024
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Course unit details:
Fundamentals of Financial Reporting
|Available as a free choice unit?
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:
- Discuss the conceptual framework of financial reporting which enables accounting information to be useful for decision-making purposes.
- Identify and explain the different forms of business in the UK, particularly their legal and financial reporting requirements.
- Explain and apply the accounting principles, conventions and concepts when preparing non-complex income statements, statements of financial position and cash flow statements.
- Explain and apply the difference between cash and profit as well as the book value and market value of companies.
- 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.
- Discuss and evaluate the importance of corporate governance and contemporary
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 20%
Closed-book examination 80%
• 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
|Assessment written exam
|Practical classes & workshops
|Independent study hours
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 and BSc International Management with American Business Studies and BSc ITMB.
For Academic Year 2023/24
Updated: March 2023
Approved by: March UG Committee