SHE Level 1
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M1N325479
Module Leader Katrina Sutherland
School Glasgow School for Business and Society
Subject Finance and Accounting
  • 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 the ways in which financial information is used by managers to review past business performance, understand 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 the understanding and use of financial information rather than to 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 - profitability, efficiency, liquidity, gearing and investment 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. Product and service costing Budgetary planning and control

Learning Outcomes

On successful completion of this module, the student should be able to: 1. Understand and explain the significant role played by accounting and finance in the management process;2. Understand the basic content and international accounting terminology of domestic/international financial reports produced for a variety of business types and organisations; 3. Undertake a basic assessment of the financial performance and position of a business by selecting relevant information from financial reports and calculating and discussing appropriate accounting ratios;4. Comprehend the ways in which costs and incomes behave and their impact on organisation's breakeven point and profit levels and on decisions being faced by the organisation. 5. Understand how products and services are costed for management purposes such as pricing and to ensure profitability. 6. Prepare and interpret a cash budget and understand the ways in which budgeting and budgetary control are influential in the management information process;

Teaching / Learning Strategy

Lectures 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 within business. 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. Seminars There will be 2 hours of seminars in weeks 1-6 and 1 hour of seminars in weeks 7-12. 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. Past and mock exam questions will be used in seminars to consolidate learning and prepare the students for the end of module assessment. Practicals There will be 1 hour of practical lab time in weeks 7-12. In the labs, students will use Microsoft Excel to complete a case study assessment building on the knowledge and skills gained in lectures and 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 may be programmed as required to meet any further identified needs of students. Feedback strategy: 1. Students will be provided with feedback within three weeks of submission of summative coursework assessments. Instant formative feedback is provided on submission of the online tests on the VLE. 2. Formative feedback is also provided by module tutors on an ongoing basis during seminars and practical lab sessions. 2. The virtual learning environment site will be used to feedback overall performance by students on all summative assessments highlighting overall strengths and weaknesses. Student feedback on teaching, learning and assessment will be sought at the end of the semester through a module evaluation questionnaire.

Indicative Reading

Essential text: ATRILL, P. & McLANEY, E., 2019, Accounting and Finance for Non-Specialists, 11 th edition, Harlow: Pearson Additional reading SANGSTER, A. & WOOD, F., 2018, Frank Wood's Business Accounting 1, 14th edition, UK: Pearson DYSON J, R. & FRANKLIN, E., 2017, Accounting for Non-Accounting Students, 9th edition, UK:Pearson Online sources: MyAccountingLab (MAL)

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 - reflected in the excel portfolio assessment Selection, evaluation and interpretation of relevant information - reflected in seminar contributions and all instruments of assessment.

Module Structure

Activity Total Hours
Assessment (FT) 40.00
Seminars (FT) 18.00
Lectures (FT) 24.00
Independent Learning (FT) 112.00
Practicals (FT) 6.00

Assessment Methods

Component Duration Weighting Threshold Description
Coursework 02 n/a 20.00 35% Excel portfolio - hand in date week 14
Coursework 01 n/a 20.00 35% Online tests - continuous
Exam 01 2.00 60.00 35% 2 hour unseen examination