Elements of Accounting and Finance

This information is for the 2013/14 session.

Teacher responsible

Dr Ana Simpson OLD 3.31, Dr Yasmine Chahed OLD 3.30 and Dr Elisabetta Bertero OLD M2.12


This course is compulsory on the BSc in Accounting and Finance and BSc in Management Sciences. This course is available on the BSc in Actuarial Science, BSc in Business Mathematics and Statistics, BSc in Human Resource Management and Employment Relations, BSc in Management and BSc in Statistics with Finance. This course is available as an outside option to students on other programmes where regulations permit and to General Course students.

Course content

Financial accounting: role, nature, scope and limitations of accounting conventions. Regulatory accounting framework. Financial statements: construction, use and interpretation. Group accounting. Legal and economic considerations including elements of taxation. Extending the scope of financial reporting (eg, current cost and current purchasing power accounting; narrative disclosures, non-financial information, etc).

Introduction to managerial accounting. The design, use and role of accounting information in the management of organisational activities. Costing and budgeting. The design and use of performance measurement systems.

Introduction to finance. The financial system and flow of funds. The financial decisions of firms, capital budgeting. The 2007-2009 global financial turmoil.


20 hours of lectures and 9 hours of classes in the MT. 20 hours of lectures and 10 hours of classes in the LT. 3 hours of lectures and 2 hours of classes in the ST.

Formative coursework

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

Indicative reading

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, 6th edn, Financial Times, Prentice Hall, 2011; Peter Atrill and Eddie McLaney Management Accounting for Decision Makers, 7th edn, Financial Times, Pearson, 2012; Bodie Z,  Merton R & Cleeton C, Financial Economics, 2nd edn, Prentice Hall International, 2009.


Exam (100%, duration: 3 hours and 15 minutes) in the main exam period.

The first 15 minutes of this will be reading time.

Key facts

Department: Accounting

Total students 2012/13: 344

Average class size 2012/13: 14

Value: One Unit

Guidelines for interpreting course guide information

PDAM skills

  • Self-management
  • Team working
  • Problem solving
  • Application of information skills
  • Communication
  • Application of numeracy skills
  • Specialist skills

Course survey results

(2010/11 - 2012/13 combined)

1 = "best" score, 5 = "worst" score

The scores below are average responses.

Response rate: 80.2%



Reading list (Q2.1)


Materials (Q2.3)


Course satisfied (Q2.4)


Lectures (Q2.5)


Integration (Q2.6)


Contact (Q2.7)


Feedback (Q2.8)


Recommend (Q2.9)