The University of Southampton

MANG3003 Financial Accounting 3

Module Overview

It is a continuation module from financial accounting 2. Students will be exposed to more advanced knowledge of accounting such as consolidated group financial statements, financial instruments and share based payment.

Aims and Objectives

Module Aims

The module is intended to introduce you to the underlying conceptual basis of corporate financial reporting in the United Kingdom, through the study of specific problem areas that have involved the need for accounting regulation.

Learning Outcomes

Knowledge and Understanding

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

  • Current issues and possible future directions for financial reporting
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • Communicate better in written form;
  • Interpret numerical data and address numerical problems more effectively
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • Summarise, analyse and evaluate relevant accounting standards and other regulations;
  • Apply accounting ideas, concepts and methods to specific financial reporting problems;
  • Illustrate the effect of accounting policy choice on financial statements through calculation and discussion.
  • Prepare consolidated financial statements for simple groups.


• Theories of financial reporting; the supply of and demand for financial reporting; fundamental principles for financial accounting. • Problem areas in financial reporting, including leasing and other special purpose transactions, revenue recognition, share based payments, financial instruments. • Group accounts.

Learning and Teaching

Teaching and learning methods

Teaching methods include • Lectures • Seminars • Workshops Learning activities include • Assessed learning tasks: written report (see below). • Directed reading. • Independent study including undirected reading and computational practice.

Completion of assessment task20
Wider reading or practice16
Follow-up work30
Preparation for scheduled sessions25
Total study time150

Resources & Reading list

Alexander, Britton and Jorissen. International Financial Reporting and Analysis. 



Set exercises - non-exam


MethodPercentage contribution
Examination  (2.5 hours) 70%
Individual assignment  (2500 words) 30%


MethodPercentage contribution
Examination  (2.5 hours) 70%
Individual assignment  (2500 words) 30%


MethodPercentage contribution
Examination  (2.5 hours) 100%

Linked modules


To study this module, you will need to have studied the following module(s):

MANG2003Financial Accounting 2
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