Start a new search?

AC.F261: Introduction to Financial Accounting for Managers

Department: Accounting and Finance NCF Level: FHEQ/QCF/NQF5//RQF5
Study Level: Part II (any yr) Credit Points: 15.0
Start Date: 09-10-2017 End Date: 08-06-2018
Available for Online Enrolment?: Y Enrolment Restriction: Only available to students minoring in delivering department
Module Convenor: Dr DF Williamson

Syllabus Rules and Pre-requisites

  • The following modules may not be taken:

CMod description

  • This module provides an introduction to the analysis and use of published financial statements and the concepts which underlie financial reporting by companies. It also considers the relationship between companies and their financial environment. The concepts and use of financial statements are placed
    within the current commercial context, so that you acquire an appreciation of the role of financial accounting. 

Curriculum Design: Outline Syllabus




    Lecture 1: Financial accounting: users and purposes

    Lecture 2: Principal financial statements and the accounting equations

    Lecture 3: Video about Enron

    Lecture 4: International regulatory context for financial accounting

    Lecture 5: Corporate governance, qualitative characteristics and accounting policies

    Lecture 6: T accounts and the trial balance

    Lecture 7: Sales and revenue recognition

    Lecture 8: Cost of sales, inventories

    Lecture 9: Interpretation of inventories, gross and net profit

    Lecture 10: Working capital

    Lecture 11: Property, plant and equipment, including depreciation and disposal

    Lecture 12: Intangible assets

    Impairment of non-current assets

    Lecture 13: Liabilities and provisions

    Lectures  14 & 15: Share capital and gearing

    Lecture 16: Cash flow statements

    Lecture 17: End of term testLectures 18 and 19: Financial statement analysis

    Lecture 20: Revision lecture

  • 60% Exam
  • 40% Coursework

Educational Aims: Subject Specific: Knowledge, Understanding and Skills

  • This objectives of this course are to introduce students with no previous knowledge of accountingand finance to:


    • the use and interpretation of financial statements,
    • some concepts underlying financial reporting by companies,
    • awareness of managers’ responsibilities for financial reporting. and
    • an appreciation of financial accounting as needed by non-accountign mangers of companies.


    The course considers the perspectives of various users and opportunities for creative accounting. It places the concepts and use of financial statements within the current commercial context, so that students can appreciate the role of financial accounting.


Learning Outcomes: Subject Specific: Knowledge, Understanding and Skills

  • At the end of the course students should be able to:

    Use simple T accounts and a trial balance, and understand their role in preparing financial statements

     Interpret simple financial reports, including statements of financial position (balance sheets), income, changes in equity and cash flow

    Understand the role of judgement in measuring and reporting financial position and performance

    Appreciate some relationships between financial reporting, its regulation, management of companies and commercial pressures that managers face.  These include awareness of managers' responsibilities for financial reporting of the performance and position of their company

    Formulate and put forward, verbally and in writing, arguments based on accounting concepts to justify some simple financial accounting choices

Contact Information

If you encounter any difficulties accessing Online Courses Handbook information please contact the Student Registry:

If you require further details in relation to academic content please contact the appropriate academic department directly.

Related Pages