Elements of Accounting, Financial Institutions and Financial Management

This information is for the 2017/18 session.

Teacher responsible

Mrs Saipriya Kamath OLD 2.11, Prof Richard Macve OLD 3.11, Dr Yasmine Chahed OLD 3.30 and Mrs Chrisoulla Constantinou


This course is available on the BSc in Actuarial Science, BSc in Business Mathematics and Statistics and BSc in Statistics with Finance. This course is not available as an outside option nor to General Course students.

Course content

Financial accounting section:

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).

Management Accounting, Financial Institutions and Financial Management sections:

Introduction to managerial accounting and financial management. The design, use and role of accounting information in the management and control of organisational activities. Costing and budgeting. Financial institutions and sources of financing.  The accounts of insurance companies and pension funds. Financial evaluation of decisions in the shorter and longer terms. The design and use of performance measurement systems. Accounting for environmental impacts.


20 hours of lectures and 10 hours of classes in the MT. 21 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 work per term 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); Levinson, M The Economist Guide To Financial Markets (6th edition).


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 54.1
2:1 15.4
2:2 18.7
Third 5.7
Fail 6.1

Key facts

Department: Accounting

Total students 2016/17: 84

Average class size 2016/17: 7

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