Software Engineering (3 Years) [BSc]

Fundamentals of Financial Reporting B

Unit code: BMAN10621B
Credit Rating: 10
Unit level: Level 1
Teaching period(s): Semester 1
Offered by Alliance Manchester Business School
Available as a free choice unit?: Y



Additional Requirements

BMAN10621(B) is a free choice option for students with prior agreement from their home schools. Open to BMAP/MLBM and MathwFin.



This course aims to introduce students to the fundamental concepts, principles and techniques of financial accounting and reporting for students who are not specialists in accounting. It takes a conceptual and practical approach which emphasises general principles and methods in order to allow these concepts to be applied to specific problems and issues in accounting and the wider business/social environment. The course unit assumes no background knowledge in accounting.


Topics studied are as follows:

• Introduction to Financial Reporting concepts

• The Statement of Financial Position

• The income statement

• The cash flow statement

• Ratio analysis and analytical review

• Corporate Governance

Teaching and learning methods

Lecture hours: 22
Workshop hours: 5 x 1 hour workshops in week 4, 7, 9, 10 & 11
Independent study: 72 hours

Total study hours: 100 hours

Note: Independent study includes reading, preparation for classes, homework, completion of practice quizzes and preparation for assessments.

Total study hours: 100 hours split between lectures, classes, self study and preparation for classes, online assignments and a closed-book examination.


Learning outcomes

By the end of the course unit, you should be able to:

• explain the purpose and nature of financial accounting;

• explain the main differences between financial accounting and management accounting;

• identify the main users of financial reports and discuss how these stakeholder groups might use financial reports;

• describe the three main business forms used in the UK and understand their financial reporting requirements;

• prepare simple statements of financial position, income statements and cash flow statements from relevant financial information;

• use financial ratios to analyse the performance of a firm and highlight any potential problems the firm may face;

• be able to explain and illustrate two important measurement issues in accounting; market value of a company vs. book value of a company and the difference between profit generated and cash generated;

• discuss the nature and purpose of corporate governance, and identify and discuss some examples of good corporate governance practice.

Assessment Further Information

Online coursework (5 tests) counting for 20% of the final grade.

A closed-book examination in January counting 80% of the final grade.

  • Duration 2 hours
  • Conducted under examination conditions

Recommended reading

Core Textbook
Atrill & MCLaney, Financial Accounting for Decision Makers, 7th edition.

Supplementary reading: financial press (e.g. Financial Times), Accountancy magazine & any plc annual financial statements


Feedback methods

• Informal advice and discussion during a lecture or workshop.

• Immediate feedback on online coursework.

• Online exercises and quizzes delivered through the Blackboard course space.

• Responses to student emails and questions from a member of staff including feedback provided to a group via an online discussion forum.

• Generic feedback posted on Blackboard regarding overall examination performance

Study hours

  • Assessment written exam - 2 hours
  • eAssessment - 2 hours
  • Lectures - 22 hours
  • Practical classes & workshops - 5 hours
  • Independent study hours - 69 hours

Teaching staff

Huw Morgan - Unit coordinator

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