SHE Level 1
SCQF Credit Points 10.00
ECTS Credit Points 5.00
Module Code M1N312618
Module Leader Stuart McChlery
School INTO
Subject INTO
  • A (September start)
  • B (January start)

Summary of Content

The rationale for this module is for students to understand that the effective use of financial information is a vital part of the management process. This module aims to develop the understanding of financial information for the use by managers emphasising an understanding of financial information rather than preparation of sets of accounts.


Financial Accounting The Role of Accounting and Finance. The nature and objectives of accounting and its role within organisations, both for internal and external users. Content of Financial Statements The basic model for accounting statements developed as appropriate to the nature and type of the business organisation culminating in the form and content of limited company accounts both for internal and external use. Forms of Business Enterprise. Introduction to ratio analysis and interpretation of the results of a business - liquidity, profitability, efficiency ratios. 0Working capital management and sources and uses of finance

Learning Outcomes

On successful completion of this module, the student should be able to: 1. Understand the significant role played by accounting and finance in the management process;2. Appreciate the basic content and international accounting terminology of domestic/international financial reports produced for a variety of business types and organisations; 3. Use selectively the content of financial reports in the assessment of the financial performance and position of a business;

Teaching / Learning Strategy

There will be two hours of lectures each week. The lectures will introduce the main theoretical content and will concentrate on the practical application of the theory. The lectures will be delivered in a variety of forms including PowerPoint, video, computer based models, Electronic Voting Systems and other multimedia forms. Where appropriate, web-based material will be used to compliment the lectures. The lectures will be supported by a dedicated Bb site. In the first instance this will contain general material including Computer Assisted Learning (CAL) to encourage independent study. This material will be augmented progressively to include such items such as summaries of the basic lecture material, on-line assessments, past examination papers, assessment details etc. There will also be one seminar a week to enable students to deal with pre-set discussion and practical questions. Students are expected to keep up to date with the relevant reading and to attempt questions prior to the seminar, where they will be asked to participate and present solutions. Supplementary clinic sessions will be programmed as required to meet any further identified needs of students. Feedback Strategy Students will be provided with feedback within two weeks of submission of all summative assessments. The following strategies will be adopted: A: Facilitating the development of self-assessment The on-line assessments are self regulating in that students will record their own performance. B: Encouraging teacher and peer dialogue The tutor will provide feedback at the seminars where coursework and other work done by students will be handed back. Bb discussion boards will be used to encourage teacher and peer-to-peer dialogue. C: Clarifying good performance The Bb site will be used to feedback overall performance by students on all summative assessments highlighting overall strengths and weaknesses D: Providing opportunities to close the gap between current and desired performance While the student is expected to record their first attempt achieved in their on-line assessments they are able to attempt the assessments as often as they wish thereafter. In providing feedback for the Class Tests, the lecturer will provide action points for students to follow to enable them to improve their performance. At feedback sessions in seminars, students will be asked to identify their own action points, based on the feedback they have just received to involve students more in the generation and planned use of feedback. E: Delivering high quality information about their learning Formative feedback will be provided via online testing and informal seminar discussions on pre-prepared work. Feedback will be provided for summative assessments within two weeks and this will provide information on strengths, weaknesses and suggestions for corrective action. Students may also discuss any points with their lecturer or tutor. F: Encouraging positive motivational beliefs and self esteem Feedback given to students will aim to be positive and constructive, with action points for improvement. Formative assessment will be used that will give opportunities for students to receive individual feedback designed to encourage positive motivational belief and self-esteem. G: Providing information to teachers that can be used to shape the teaching The Electronic Voting System (EVS) will enable more formative assessment as well as investigating areas where students are having difficulty in the course. Moreover, student feedback on teaching, learning and assessment will be sought through the staff-student consultative group as well as the end of semester module evaluation questionnaire.

Indicative Reading

Atrill, P. and McLaney, E. (2006). Accounting & Finance for Non-Specialists, 5th ed Financial Times/Prentice Hall Wood, F. and Sangster, A. (2005) Business Accounting Volume 1, 10th ed Financial Times/Prentice Hall Dyson J, R. (2004) Accounting for Non-Accounting Students, 6th ed Financial Times/Prentice Hall McKenzie , W. (2003) FT Guide to Using and Interpreting Company Accounts, 3rd ed Financial Times/Prentice Hall

Transferrable Skills

Effective problem solving and decision making using appropriate quantitative and qualitative skills - reflected in Class Tests Effective oral and written communication skills - as developed within seminars Numeracy and quantitative skills - reflected in all instruments of assessments Selection, evaluation and interpretation of relevant information - reflected in seminar contributions. Effective use of Communication and Technology - reflected in the use of Bb.

Module Structure

Activity Total Hours
Independent Learning (PT) 70.00
Lectures (PT) 12.00
Assessment (PT) 12.00
Lectures (FT) 12.00
Assessment (FT) 12.00
Seminars (FT) 6.00
Independent Learning (FT) 70.00
Seminars (PT) 6.00

Assessment Methods

Component Duration Weighting Threshold Description
Exam (School) 0.00 10.00 40% Class Test 2 Management Accounting
Exam (School) 0.00 20.00 40% On Line Assessment
Exam (School) 0.00 10.00 40% Class Test 1 Financial Accounting
Exam (School) 2.00 60.00 40% Final Examination MCQ