The University of Southampton
Courses

MANG6030 Financial Accounting 1

Module Overview

Financial accounting relates to the measurement and recording of business transactions. It underlies the annual reports published by companies which shareholders and other stakeholder use to assess the past performance of the business and make decisions about the future. We will consider how these reports are prepared and the ways in which management might influence the recording and presentation of the underlying transactions.

Aims and Objectives

Module Aims

This module aims to build on the financial accounting knowledge you have acquired as a result of your undergraduate studies. You will study more advanced areas with a particular emphasis on those where controversy as to the appropriate treatment exists.

Learning Outcomes

Knowledge and Understanding

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

  • apply the underlying principles and regulations to various items within financial accounts.
  • evaluate the effects on financial results of management decisions, corporate transactions and of the adoption of different accounting policies
  • analyse and interpret the published financial reports of companies in different industries;
  • understand the regulatory framework surrounding financial reporting, including the value and limitations of the statutory audit.
  • critically debate current controversies in financial reporting
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • demonstrate learning skills, to include numeracy and problem solving skills;
  • demonstrate written communication skills;
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • demonstrate what you have learned both by application to numerical data and in written form.

Syllabus

• Regulatory structure • Audit • Asset valuation • Interpretation of accounts • Consolidated accounts • Selected topics in financial accounting such as revenue recognition, financial instruments.

Learning and Teaching

Teaching and learning methods

The course will commence with a workshop revising assumed knowledge. The following six weeks will include a mix of lectures, discussion and exercises. Selected exercises will be used to provide formative feedback to students. Additional exercises and reading will be set for private study. The course will conclude with a revision workshop.

TypeHours
Independent Study118
Teaching32
Total study time150

Resources & Reading list

Alexander, Britton, Jorissen, et al (2017). International Financial Reporting and Analysis. 

Holmes, Sugden and Gee (2008). Interpreting Company Reports and Accounts. 

Elliot & Elliot (2015). Financial Accounting and Reporting. 

Assessment

Formative

Set exercises - non-exam

Summative

MethodPercentage contribution
Examination  (3 hours) 100%

Repeat

MethodPercentage contribution
Examination  (3 hours) 100%

Referral

MethodPercentage contribution
Examination  (3 hours) 100%
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