The University of Southampton
Courses

MANG1004 Introduction to Accounting and Financial Control

Module Overview

The course seeks to provide an introductory, but comprehensive overview of financial accounting, management accounting, and financial management to non-specialist students. The course is delivered with particular emphasis on helping students of management to develop the ability and skills in critically evaluating and appreciating the importance of the accounting and finance function within organisations in connection with decision making, control and corporate performance management. As an introductory course, students do not need to have prior knowledge in accounting and/or finance.

Aims and Objectives

Module Aims

This course aims to give the student an understanding of the function of accounting information both internally and externally. It is designed for users of accounting information rather than preparers.

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

  • Simple sets of financial statements.
  • Key capital aspects of the business.
  • The management functions of planning, decision making and control and how these are related within a business activity.
  • The use of the main schemes of cost classification, costing methods, contribution analysis and capital investment appraisal.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • Self-management; learning skills; communication skills; problem solving.
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • Define, calculate and interpret ratios that help to analyse and understand business performance.
  • Discuss who might be the main users of financial statements and their needs.
  • Appreciate the basic principles underlying costs.
  • Explain applications of contribution analysis.
  • Explain the benefits of budgetary control.

Syllabus

• Financial Accounting: User demand for accounting information; Income statement and balance sheet; basic accounting postulates; problems of profit measurement and asset valuation; analysis and interpretation of accounting information; the regulatory framework. • Management Accounting: Cost concepts and classification; cost behaviour and cost-volume-profit analysis; costing for short term operating decisions; product costing. • Financial Control: Planning and budgetary control; introduction to capital investment appraisal; working capital management; financing the business; capital gearing.

Learning and Teaching

Teaching and learning methods

There will be two lectures and one class per week. The lectures will introduce you to material. Classes will be used to explore concepts and practice techniques. You are also expected to undertake independent study.

TypeHours
Lecture20
Wider reading or practice26
Completion of assessment task
Tutorial12
Preparation for scheduled sessions25
Revision25
Seminar2
Follow-up work30
Total study time140

Resources & Reading list

Jones, M. (2013). Accounting. 

Assessment

Formative

Set exercises - non-exam

Summative

MethodPercentage contribution
Examination  (2 hours) 70%
Multiple choice Test  (40 minutes) 30%

Repeat

MethodPercentage contribution
Examination  (2 hours) 100%

Referral

MethodPercentage contribution
Examination  (2 hours) 100%
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