AC102      Half Unit
Elements of Financial Accounting

This information is for the 2013/14 session.

Teacher responsible

Dr Ana Simpson OLD 3.31


This course is compulsory on the BSc in Management. This course is not available as an outside option nor 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 (e.g. current cost and current purchasing power accounting; narrative disclosures, non-financial information, etc.)


20 hours of lectures and 9 hours of classes in the MT. 1 hour of classes in the LT. 1 hour 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 and feedback.

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, 7th edn, Financial Times, Pearson (2012)


Exam (100%, duration: 1 hour and 45 minutes) in the main exam period.

The first 15  minutes of this will be reading time.

Key facts

Department: Accounting

Total students 2012/13: 70

Average class size 2012/13: 15

Value: Half 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