Elements of Accounting and Finance

This information is for the 2017/18 session.

Teacher responsible

Mrs Saipriya Kamath OLD 2.11, Mrs Chrisoulla Constantinou, Dr Yasmine Chahed OLD 3.30 and Dr Elisabetta Bertero OLD.M.2.13


This course is compulsory on the BSc in Accounting and Finance. This course is available on the BSc in Business Mathematics and Statistics. This course is available as an outside option to students on other programmes where regulations permit and to General Course students.

This course cannot be taken with AC104 Elements of Financial Accounting, Management Accounting and Financial Management or FM101 Finance.

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, inflation accounting and reporting, approaches to equity maintenance 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. Introductory financial formulae. The financial decisions of firms, capital budgeting. The recent global financial turmoil.


20 hours of lectures and 10 hours of classes in the MT. 20 hours of lectures and 10 hours of classes in the LT. 4 hours of lectures and 1 hour of classes in the ST.

Formative coursework

Written answers to numerical problems and discussion questions will be expected weekly; two pieces of written work per terms 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, 8th edn, Pearson, 2015; Peter Atrill and Eddie McLaney Management Accounting for Decision Makers, 8th edn, Pearson, 2015; 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 will be reading time.

Student performance results

(2014/15 - 2016/17 combined)

Classification % of students
First 57
2:1 18.6
2:2 11.1
Third 7.4
Fail 5.8

Key facts

Department: Accounting

Total students 2016/17: 389

Average class size 2016/17: 14

Capped 2016/17: No

Lecture capture used 2016/17: Yes (LT)

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

(2014/15 - 2016/17 combined)

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

The scores below are average responses.

Response rate: 79%



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)