SHE Level 1
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M1N325072
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 percentage of Work Based Learning for this module, as represented by the Independent Learning Activity Type is 58%. There is no Work Based Assessment, but reflective learning is encouraged.


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 one 1 hour lecture (online where essential) per week throughout the module and a 1 hour seminar every week. Work Based Education aims to maximise contact time with students by practicing teaching and learning strategies that encourage action learning, enquiry based learning, problem based learning and peer learning. All these approaches aim to directly involve the students in the process of learning and to encourage sharing learning between students.

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
Lectures (FT) 22.00
Assessment (FT) 40.00
Independent Learning (FT) 116.00

Assessment Methods

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