SHE Level 1
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M1N325206
Module Leader Katrina Sutherland
School Glasgow School for Business and Society
Subject Finance and Accounting
  • A (September start)
  • B (January start)
  • C (May start)
  • A (September start)-B (January start)
  • B (January start)-C (May start)
  • C (May start)-A (September start)
  • S-C (May start)-A (September 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 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: 1. Conventions and regulations of financial reporting; 2. Content of financial statements: Statement of Financial Position, The Income Statement and Statement of Cash Flows; 3. Accounting statements developed for different types of business entity; 4. Introduction to ratio analysis and interpretation of the results of a business - profitability, efficiency, liquidity, gearing and investment ratios; 5. Working capital management and sources and uses of finance Management Accounting: 1. Cost and income behaviour; 2. Contribution and how it affects (i) organisations' breakeven points (ii) profit levels given different volume levels and (iii) decisions being faced by the organisation; 3. 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.

Teaching / Learning Strategy

This work based module adopts a blended approach to learning which combines face to face contact and online learning via GCU's virtual learning environment, GCU Learn. The teaching and learning strategy encourages an active and self-directed approach to learning. In the context of a work based ethos, teaching and learning methods use real world and real work scenarios to promote action learning, inquiry based learning, problem based learning and peer learning. These methods include lectures, seminars, online directed learning packages (power point presentations/study guides/videos), podcasts and discussion boards. These approaches will be used to directly involve the students in the process of learning and to encourage collaborative learning amongst students. Learners will be supported during the module by the module team which includes module tutors, work based mentors and Academic Development Tutors. Module tutors act as facilitators and also determine the level and accuracy of knowledge acquisition at key points in the delivery. Additionally, input, when necessary, either directly or with the support of external experts will add to the authenticity, credibility and application of education and learning to the workplace. Work based mentors provide a full spectrum of workplace support; helping apprentices to identify relevant work activity that can operate as a source for work-integrated learning, advise on the development of work-based projects, provide feedback on the development of professional competence, and formatively comment on progress in achieving negotiated work-integrated learning objectives. Academic Development Tutors will provide support to help maximise students' potential in relation to academic writing, referencing and the development of effective study techniques. Both formative and summative assessment strategies will be adopted during the module. Formative assessment will be used not only to encourage knowledge of the subject, but also to help develop transferable skills. Summative assessments will provide evidence of the learning achieved throughout the module. Summative assessments are compulsory. A mark of 35% must be achieved for each summative assessment and an overall mark of 40% must be achieved in the module. Students will have access to ongoing academic support as they work through the module assessment activities, and staff will assist students to reflect on and evaluate achievement of the learning outcomes. The percentage of Work Based Learning for this module, as represented by the Independent Learning 'Activity Type' is 72%. Work Based Assessment will account for 20% with the remainder of 8% accounted for by Lectures and Seminars.

Indicative Reading

Essential text: ATRILL, P. & MCLANEY, E. 2017. Accounting & Finance for Non-Specialists. 10th ed Pearson Further reading: WOOD, F. & SANGSTER, A., 2015. Business Accounting Volume 1. 13th ed. Pearson DYSON J, R., 2017. Accounting for Non-Accounting Students. 9th ed. Pearson Online sources: MyAccountingLab (MAL), (access code required - this can be purchased with the Atrill and McLaney essential text)

Transferrable Skills

-Self-management: self-motivation, time management and critical self-reflection and evaluation of personal performance. -Interpersonal Skills: an ability to work collaboratively and constructively with others in seminars and outside of class in allocated groups. -Oral and written communication skills, negotiation skills and presentation skills -Group work when participating in the group work in seminars and outside of class in allocated groups. -Information technology skills will be developed through Internet searches and online communication. -Analytical, evaluative and creative problem solving will be developed throughout the module experience but especially through case studies, seminar debates. -Using Turnitin software to improve writing style.

Module Structure

Activity Total Hours
Lectures (FT) 15.00
Independent Learning (FT) 145.00
Assessment (FT) 40.00

Assessment Methods

Component Duration Weighting Threshold Description
Course Work 01 n/a 20.00 35% Online MCQ Tests
Course Work 02 n/a 80.00 35% E-portfolio - individual work based assignment: financial accounting and management accounting case study (2500 words).