BAEcon Economics and Data Analytics / Course details

Year of entry: 2024

Course unit details:
Fundamentals of Financial Reporting A

Course unit fact file
Unit code BMAN10621A
Credit rating 10
Unit level Level 1
Teaching period(s) Semester 1
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


BMAN 10632 is a co-requisite of BMAN 10621. Students on BSc Mgt/Mgt (Specialism); IMABS; IM take BMAN10621(M). Students on BMaP/MLBM and MathwFin take BMAN10621(B).

BMAN 10632 is a dependent course of BMAN 10621.
Students on BSc Mgt/Mgt (Specialism); IMABS; IM & ITMB take BMAN10621(M)


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.

Learning outcomes

By the end of the course, 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 weeks 4, 7, 9, 10 & 11
Independent study: 73 hours
Total study hours: 100 hours split between lectures, classes, self-study and preparation for classes, online assessments and a closed-book examination.
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)


Assessment methods

Online assessment counting for 20% of the final grade.

A closed-book examination in January counting 80% of the final grade.

Conducted under examination conditions


Feedback methods

- 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.

Recommended reading

Core Textbook

Atrill & McLaney, Financial Accounting for Decision Makers, 7th edition.

Supplementary reading: financial press (e.g. Financial Times), Accountancy magazine & any plc annual financial statements


Study hours

Scheduled activity hours
Lectures 22
Practical classes & workshops 5
Independent study hours
Independent study 73

Teaching staff

Staff member Role
Nooch Kuasirikun Unit coordinator

Additional notes

Other Teaching Staff: To be confirmed
Pre-requisites: None
Co-requisites: None
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 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. This course is available  BA Econ(non A&F) and BEcon Sci.

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 Financial Reporting instead.

For Academic Year 2023/24

Updated: March 2023

Approved by: March UG Committee

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