SHE Level 1
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M1N322542
Module Leader Karen McFarlane
School Glasgow School for Business and Society
Subject Finance and Accounting
  • A (September start)-B (January start)

Pre-Requisite Knowledge


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 in reviewing past business performance, understanding its current financial position, and for business planning, control and decision making. It should be noted that the emphasis of the course is to promote an understanding of and to use financial information rather than focus on the preparation of that information. Corporate governance issues are considered in testing the integrity of financial reporting aligned to principles of global corporate social responsibility.


The Role of Accounting and Finance. The nature and objectives of accounting and its role within organisations, both for external (financial reporting) and internal users (management accounting) Financial reporting: Conventions and regulations of financial reporting Content of Financial Statements: Statement of Financial Position, The Income Statement and Statement of Cash Flows Accounting statements developed for different types of business entity. Introduction to ratio analysis and interpretation of the results of a business - liquidity, profitability, financing ratios. Working capital management and sources and uses of finance Management Accounting: Cost and income behaviour. Contribution and how it affects (i) organisations' breakeven points (ii) profit levels given different volume levels and (iii) decisions being faced by the organisation. Budgetary planning and control Product and service costing

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; 4. Understand the role of auditing in checking the integrity of financial reporting.5. Comprehend how costs and incomes behave and their impact on organisation's breakeven point and profit levels given different levels of business activity and on decisions being faced by the organisation. 6. Understand how budgeting and budgetary control is influential in the management information process; 7. Understand how products and services are costed for management purposes such as pricing and to ensure profitability.

Teaching / Learning Strategy

There will be two hours of lectures each week and a seminar every second week. The lectures will introduce the main theoretical content and will concentrate on the practical application of the theory within business. The lectures will be delivered in a variety of forms including PowerPoint, video, computer based models, Voting Systems and other multimedia forms. Where it is appropriate, web-based material will be used to compliment the lectures. The lectures will be supported by a dedicated virtual learning environment site which will contain material to encourage independent study and will be augmented progressively to include such items as summaries of the basic lecture material, on-line assessments, past examination papers, assessment details etc. The seminars are aimed at enabling students to deal with problems arising from the lectures as well as 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. Case study materials based on contemporary organisational contexts will be used at the end of each topic area within the lectures with smaller scenarios being used within the seminars. Students will be expected to make use of MyAccountingLab (MAL) as an additional learning resource. They will be directed to undertake additional learning tasks, either in dedicated computer labs in the University or, where they possess a laptop, they will be able to access the publisher's dedicated sit out-with the University Campus. Supplementary clinic sessions will be programmed as required to meet any further identified needs of students. Feedback will be provided to students as follows: 1. Students will be provided with feedback within two weeks of submission of all summative assessments providing information on strengths, weaknesses and suggestions for corrective action. The tutor will also provide feedback at the seminars where coursework will be handed back. Students may also discuss any points with their lecturer or tutor. 2. The virtual learning environment site will be used to feedback overall performance by students on all summative assessments highlighting overall strengths and weaknesses. Formative feedback will be provided via online testing. On-line assessments will be used for each topic following the class seminar allowing self-regulation for students regarding their performance. Immediate feedback is provided to the students of not only their mark but reasons for any errors made. 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. Such formative assessment will give opportunities for students to receive individual feedback designed to encourage positive motivational belief and self-esteem. Formative feedback will also be provided informally through seminar discussions on pre-1. prepared work. 2. Discussion boards will be used to encourage teacher and peer-to-peer dialogue on certain topic areas where this form of communication would be regarded as effective. Student feedback on teaching, learning and assessment will be sought at the end of the semester through a module evaluation questionnaire.

Indicative Reading

-567 Books and articles: Atrill, P. and McLaney, E. (2011). Accounting & Finance for Non-Specialists, 7th ed Financial Times/Prentice Hall Wood, F. and Sangster, A. (2011) Business Accounting Volume 1, 12th ed Financial Times/Prentice Hall Dyson J, R. (2010) Accounting for Non-Accounting Students, 8th ed Financial Times/Prentice Hall -567 Online sources: MyAccountingLab (MAL), Atrill, P. and McLaney, E. (2011). Accounting & Finance for Non-Specialists, 7th ed Financial Times/Prentice Hall

Transferrable Skills

By the end of this module students will have gained competence in the following key areas: 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 Excel software skills will be tested in the group assignment. Selection, evaluation and interpretation of relevant information - reflected in seminar contributions.

Module Structure

Activity Total Hours
Seminars (FT) 22.00
Assessment (FT) 40.00
Lectures (FT) 22.00
Independent Learning (FT) 116.00

Assessment Methods

Component Duration Weighting Threshold Description
Coursework 3 20.00 20.00 35% Weekly on-line assessments
Coursework 1 0.75 20.00 35% Financial accounting scenario analysis includes 150 word summary report (week 12, semester A)
Coursework 2 n/a 20.00 35% Business planning preparation scenario includes 500 word executive report (week 12, semester B)
Exam (Exams Office) 2.00 40.00 35% 2 Hour Exam