Dr V Athanasakou, A215, Dr E Bertero, A359 and Dr A Mennicken, A310

Compulsory for BSc Accounting and Finance, BSc Business Mathematics and Statistics and BSc Management Sciences. Optional for BSc Actuarial Science, BSc Human Resource Management and Employment Relations and BSc Management. This course is also available as an outside option to students on other programmes and is open to General Course students.

Financial accounting. Role, nature, purpose and limitations of accounting conventions. Regulatory accounting framework. Financial statements construction, use and interpretation. Other forms of corporate financial disclosure. Group accounting. Legal and economic considerations including elements of taxation. Basic principles of corporate governance.

Introduction to finance. The financial system and flow of funds. The financial decisions of firms, investment appraisal. The financial decisions of households, life-cycle financial planning.

Introduction to managerial accounting. The design, use and role of accounting information in the management of organisational activities. Costing and budgeting. Techniques for long-term decision-making. The design and use of performance measurement systems.

Lectures: AC100 40, twice weekly, MT, LT. Classes: AC100.A/B/C 21, weekly MT, LT, ST.

Written answers to numerical problems and discussion questions will be expected weekly; some will be collected during classes for marking.

Detailed reading lists will be made available at the beginning of the course. Illustrative texts include Peter Atrill and Eddie McLaney Financial Accounting for Decision Makers, 5th edn, Financial Times, Prentice Hall (2008); Peter Atrill and Eddie McLaney Management Accounting for Decision Makers, 6th edn, Financial Times, Prentice Hall (2009); Z Bodie, R Merton & C. Cleeton Financial Economics, 2nd edn, Prentice Hall International (2009).

Three and a quarter hour written examination (the first fifteen minutes of which will be reading time) in the ST.