BSc Accounting

The  Manchester Bursary  is available to UK students registered on an undergraduate degree course at Alliance MBS who have had a full financial assessment carried out by Student Finance England.

In addition, Alliance MBS will award a range of  Social Responsibility Scholarships  to UK and international/EU students.

These awards are worth £2,000 per year across three years of study.

You must achieve AAA at A-level (or equivalent qualification) and be able to demonstrate a significant contribution and commitment to social responsibility.

The School will also award a number of  International Stellar Scholarships  to international students achieving AAA at A-level (or equivalent qualification). Applicants who exceed AAA and/or have supplementary qualifications (such as EPQ) will receive additional consideration.

Additional eligibility criteria apply - please see our  scholarship pages  for full details.

The course is concerned with the way in which organisations "account" for their activities to  external users of financial reports. As well as offering an understanding of the general role, context and principles of financial reporting, it covers the basic recording of 
business transactions, through to the preparation of income statements, balance sheets 
and cash flow statements along with some of the associated measurement and 
disclosure problems. Bookkeeping techniques are taught within the course as a means to understand how the figures in financial reports are derived and thereby to assist with the interpretation of financial reports. 
 

Only available to students on: BA (Econ) Accounting and/or Finance Specialists, BSc Accounting, BSc Business Accounting and IBFE.

Dependent course units:  

BMAN21020 Financial Reporting & Accountability, BMAN20081 Financial Statement Analysis (if also taken BMAN10522 Financial Decision Making) 

This course aims to provide a foundation knowledge and understanding of the principles and practices of financial reporting and of the role of accounting information within its broader economic, social and organisational context. 
The course encourages consideration of how organisations account for their activities to stakeholders.

This course introduces underlying concepts of financial reporting, basic practices involved in the preparation of financial statements and the interpretation of the resulting information. It offers broad coverage of the core financial statements presented and considers the capacity for accounting information to develop in response to changing economic and social needs. Collectively this provides a valuable basis for students contemplating taking more specialist, and advanced, courses in later years.
 

It is expected that on successful completion of this course students should be able to: 
1.    Explain and apply the principles which underpin financial reporting and how they affect financial reporting.
2.    Provide an informed view on the role and capacity for the development of financial reporting in society, including its contribution to accountability processes in the modern, international business world. 
3.    Explain and apply the basic principles and elements of double-entry bookkeeping and appreciate how day to day accounting records are maintained;
4.    Specify the components of financial statements and prepare and present non-complex income statements, balance sheets and cash flow statements. 
5.    Explain and apply the difference between cash and profit, sources of finance as well as the book value and market value of companies
6.    Interpret the financial statements of a limited company using ratio analysis and show an awareness of the relative significance of non-financial reported information.

 

 

The course material is structured as follows: 
TOPIC 1: The framework of Financial Reporting - an introduction to financial reporting; the importance of choice of accounting method; basic principles and qualities of financial reports.
TOPIC 2: The principles of accounting recording and reporting - how transactions are recorded and the preparation of the basic reporting statements - the balance sheet, income statement; the accounting equation; double entry bookkeeping and trial balances.
TOPIC 3: Recognition and measurement issues - illustrated with reference to specific areas of accounting: fixed assets; current assets and working capital; the owners’ interest in the business; and funds from long term credit.
TOPIC 4: The Cash Flow statement - preparing the cash flow statement and sources of finance for organisations.
TOPIC 5 : Interpretation of Accounts - analysis of financial reports using ratios.

Teaching is delivered as follows, totalling 25 scheduled activity hours:

 

10 two-hour lectures and,

5 one-hour workshops  

Lectures and workshops are supported by blended learning material.    

In addition, the course also aims to assist the development of personal transferable skills by encouraging students to:    

• Construct, use and evaluate financial accounting data.  
• Use information for the purposes of decision making; analyse evidence and apply judgement.  
• Have an awareness of the nature of contemporary accounting practice.  
• Communicate effectively in writing and participate actively in workshops either by leading discussions or responding to issues raised.
• Intellectual development on Perry’s scale from independent work. 

Examination (100%) 
 

On this course the following formative assessments and feedback is received as part of learning:

• In-lecture and asynchronous polling to test understanding and enable focus.  
• Multiple-choice quizzes with instant feedback.  
• Dialogic feedback in the workshop and written feedback after the workshop.
• A very active Piazza discussion board where students can seek help, answer each other’s questions, and receive guidance.  

General feedback on the exam will be provided on Blackboard once marks have been distributed. You should not expect to find detailed written comments on an exam script as you would for coursework. Any comments on the exam script are predominantly part of the marking process and are not extensive in the way that individual feedback is given for coursework. Commentary on exam performance is in the generic feedback published to students on the course via Blackboard.      

Our core texts are:

 

Stoloway H, Paugam L, Ding, Y (2020) Financial Accounting and Reporting, a Global Perspective, 6th Edition, Cengage.

 

White, Franklin, Graybeal and Cooper (2022) Accounting and Accountability, Simple Book Publishing Accounting and Accountability – Simple Book Publishing (pressbooks.pub)  

Additional notes:
This course is currently accredited with ICAEW and ACCA. For academic purposes the students will need to attain a pass mark of 40%, but to attain the ICAEW exemption a pass mark of 50% is required. The higher pass mark requirement is reflected in the contact hours. The duration of the exam reflects the requirements set out by the professional body. Please note that accreditation is subject to change.  

Programme Restrictions: This course is only available to students taking the following programmes of study - BA (Econ) specialising in Accounting, Finance, Accounting & Finance, Economics & Finance, BSc International Business, Finance and Economics, BSc Accounting and BSc Business Accounting.
 

For Academic Year 2024/25

Updated: March 2024

Approved by: March UG Committee