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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

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.
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.
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.


• 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

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

Resources & Reading list

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



In-class activities


MethodPercentage contribution
Written assessment 100%


MethodPercentage contribution
Essay  (2500 words) 30%
Written assessment 70%


MethodPercentage contribution
Written assessment 100%

Repeat Information

Repeat type: Internal & External

Linked modules

Pre-requisite: MANG2003


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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