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The University of Southampton

MANG2014 Accounting and Finance for Non-Specialists

Module Overview

The module is designed to provide an introduction to financial accounting, corporate finance and financial management of organisations. This module is intended for students from any academic discipline who have an interest in accounting and finance as an adjunct to their principle area of study. This module is not available to Students taking Modules: MANG1001 Financial Accounting 1, MANG1002 Management Accounting 1 or MANG1004 Introduction to Accounting and Financial Control.

Aims and Objectives

Learning Outcomes

Knowledge and Understanding

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

  • the assumptions underlying the preparation, interpretation and analysis of the Income Statement, Balance Sheet and Cash Flow Statement;
  • the purpose, limitations, layout and presentation of financial statements;
  • the importance of capital structure and dividend policy decisions;
  • cost analysis in the context of short and long term decision making and the use of discounted cash flow analysis;
  • financial strategy including capital structure, dividend policy and corporate governance of firms.
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • understand the role of accounting information in the collection, collation, decision making and analysis of business performance;
  • evaluate the processes by which the value of both real and financial assets can be estimated;
  • evaluate the competing theories on the roles of dividend policy and the debt-equity mix in the determination of firm value;
  • appraise the role financial strategy within the business model of a firm.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • benefit from improved skills in learning, problem solving, numeracy, written communication and self management.


Business Environment; Forms of business organisation; Introduction to accounting: information systems, the use of the Accounting Equation.; Accounting conventions and their use in the preparation of financial statements; Accruals, Prepayments and Depreciation The analysis and interpretation of financial statements using ratios; Financial planning and control. Dividend Payout policy and Capital Structure.; The valuation and appraisal of real and financial assets using DCF techniques and short term appraisal techniques, Financial strategy and Corporate Governance. Risk and return, cost of capital, agency theory.

Learning and Teaching

Teaching and learning methods

Lectures, weekly classes and 6-7 hours of private study per week, including reading, use of websites and working computational problems.

Completion of assessment task20
Wider reading or practice20
Preparation for scheduled sessions30
Follow-up work30
Total study time150

Resources & Reading list

Atrill, P. and McLaney, E (2017). Accounting and Finance for Non-specialists. 

Brounen, D, Jong Abe de and Koedijk, K (2006). Capital structure policies in Europe: Survey evidence. Journal of Banking & Finance. ,30 , pp. 1409-1442.

Atrill, P. (2011). Financial Management for Decision Makers. 

McLaney, E. (2011). Business Finance: Theory and Practice. 

Other Resources. You are advised to read widely on the financial and business environment. The following resources may be useful: Quality daily and Sunday papers (in particular, the Financial Times). Nexis UK. This is a web-based service giving key business news and financial information on listed companies, and 250,000 unlisted companies in the UK. It is accessible from the library’s homepage. FAME. A web-based service covering 2.8 million UK and Irish companies and other businesses. It is also accessible through the library, as above. Company websites. These are likely to include copies of the annual report, investor information press releases etc. R. Vaitilingam (2005) The “Financial Times” Guide to Using the Financial Pages, 5thedition, FT Prentice Hall. ISBN 0 273 65263X. R. Hussey (ed.) (2005) Oxford Dictionary of Accounting, 2nd edition, OUP. ISBN 0 19 2806270.

Trigeorgis, L. (2005). 'Making use of real Options simple: An overview and applications in flexible modular decision making. The Engineering Economist. ,50 , pp. 25 – 53.

Watson, D. and Head, A. (2010). Corporate Finance: Principles and Practice. 

Gowthorpe, C. (2011). Business Accounting and Finance. 



Problem solving


MethodPercentage contribution
Multiple choice Test 10%
Written assessment 90%


MethodPercentage contribution
Written assessment 100%


MethodPercentage contribution
Written assessment  (3 hours) 100%

Repeat Information

Repeat type: Internal & External


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 mandatory/additional reading 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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