The University of Southampton

MANG2003 Financial Accounting 2

Module Overview

The module is intended to introduce students to regulation in financial reporting and to examine specific problem areas using a conceptual framework as a basis of the analysis. This allows an evaluation of current external reporting practice within the context of accounting theory. This will involve an examination of the regulatory framework of financial reporting, i.e. UK and EU company law, the UK Accounting Standards Board and the International Accounting Standards Board. Significant accounting issues which have been the subject of legislation or accounting standards will be analysed.

Aims and Objectives

Learning Outcomes

Knowledge and Understanding

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

  • demonstrate knowledge of the principles behind the regulatory framework of financial reporting.
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • appreciate the principles behind the regulatory framework of financial reporting;
  • prepare accounting statements following the rules of the regulatory framework;
  • analyse and interpret sets of published financial statements;
  • evaluate other significant accounting issues discussed during the module.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • learning;
  • problem-solving;
  • numeracy;
  • written communication;
  • team work
  • self-management.


- Financial Accounting objectives; - Accounting regulation and standards - Analysis and interpretation - Property, plant and equipment - Intangibles - Impairment of assets - Revenue recognitions - Contingent Liabilities - Deferred Taxation - Cash flow statements - Issued capital and dividends

Learning and Teaching

Teaching and learning methods

The module consists of 22 hours of lectures. In addition, all students are expected to attend 11 classes, one each week. There will be a group case study, which forms part of the assignment. In addition students should expect to perform 6-7 hours per week of private study.

Preparation for scheduled sessions114
Total study time150

Resources & Reading list

Barker, R (2011). Short introduction to Accounting. 

John MCKeith and Bill Collins. Financial Accounting and Reporting. 



Tutorial questions


MethodPercentage contribution
Examination  (2.5 hours) 70%
Group Coursework  (3000 words) 30%


MethodPercentage contribution
Examination  (2.5 hours) 100%


MethodPercentage contribution
Examination  (2.5 hours) 100%

Repeat Information

Repeat type: Internal & External

Linked modules

Prerequisites: MANG1001 Financial Accounting 1; MANG1007 Management Analysis 2016-17 or MANG1019 Foundations Of Business Analytics 2016-17 or ECON1005 Intro To Maths For Economics 2016-17 or ECON1008 Mathematics For Economics 2016-17


Costs associated with this module

Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.

In addition to this, students registered for this module typically also have to pay for:


Recommended texts for this module may be available in limited supply in the University Library and students may wish to purchase the core/recommended text as appropriate.

Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at

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