The University of Southampton
Courses

MANG6269 Fundamentals of Financial Accounting

Module Overview

This module provides an introduction to financial accounting, and aims to provide an understanding of the way that recording financial information provides a basis for control, how financial statements are prepared and some of the concepts and measurement issues underlying their preparation. We will consider how financial performance and other information are reported by management in the published financial reports of companies, and how this information may be used by shareholders and analysts, and other stakeholders.

Aims and Objectives

Module Aims

This module provides an introduction to financial accounting, and aims to provide an understanding of the way that recording financial information provides a basis for control, how financial statements are prepared and some of the concepts and measurement issues underlying their preparation. We will consider how financial performance and other information are reported by management in the published financial reports of companies, and how this information may be used by shareholders and analysts, and other stakeholders.

Learning Outcomes

Knowledge and Understanding

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

  • the underlying principles of accounting and the importance of accounting measurement (and its effect on asset valuation and profit estimation);
  • analysing and interpreting the published financial reports of companies in different industries;
  • appreciating the effects on financial results of management decisions, corporate transactions and of the adoption of different accounting policies;
  • being conversant with the terminology and analytical tools used by accountants and financial analysts in financial statements.
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.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • learning skills, to include numeracy and problem solving skills;
  • written communication;
  • working in a group environment.

Syllabus

• Introduction to accounting and financial statements • Financial accounting concepts, standards and reporting requirements • Accounting for assets • Interpretation of accounts • Group accounts • Selected other topics in financial accounting as appropriate.

Learning and Teaching

Teaching and learning methods

There will be eight two hour lecture sessions, and eight two hour class sessions which will be used for a mix of workshop sessions, discussion and exercises. Students will also be expected to spend about 120 hours on private study including reading, working computational examples and preparing for classes. Work will be set to be prepared in advance for the class sessions.

TypeHours
Independent Study118
Teaching32
Total study time150

Resources & Reading list

Atrill and McLaney (2013). Financial Accounting for Decision Makers. 

Assessment

Formative

Set exercises - non-exam

Summative

MethodPercentage contribution
Examination  (2 hours) 70%
Group Coursework  (3000 words) 30%

Repeat

MethodPercentage contribution
Examination  (2 hours) 70%
Individual Coursework 30%

Referral

MethodPercentage contribution
Examination  (2 hours) 100%

Repeat Information

Repeat type: Internal & External

Costs

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:

Textbooks

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 www.calendar.soton.ac.uk.

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