SHE Level 1
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M1N326692
Module Leader Katrina Sutherland
School Glasgow School for Business and Society
Subject Finance and Accounting
  • 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 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

This module adopts an online learning approach via GCU's virtual learning environment, GCU Learn. The teaching and learning strategy encourages an active and self-directed approach to learning. Lessons are delivered using an interactive software, Articulate. Students are supported throughout the module by the module team via face to face drop-in clinics and revision lectures. 'Articulate' lessons will introduce the main theoretical content and will concentrate on the practical application of the theory within business. Lessons will include discussion and practical questions as well as suggestions for further reading. Collaborative tools such as Padlet will be utilised for discussion elements. Students are expected to take responsibility for keeping up to date with the learning. Module tutors will hold regular drop-in clinics to support students and students are encouraged to make use of these when required. Past and mock exam questions are used to consolidate learning and prepare students for the end of module assessment. Both formative and summative assessment strategies are adopted during the module. Formative online multiple choice tests are used to encourage knowledge of the subject. Summative assessments 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 to pass the module. Summative assessments include an IT portfolio and an end of module exam. In the IT portfolio, students will use Microsoft Excel to complete a case study assessment building on the knowledge and skills gained throughout the module. Understanding and accurate completion of the case study will be assessed via an online objective test. The IT portfolio will count for 40% of the overall module mark, the remaining 60% is accounted for by the end of module exam. 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
Practicals (FT) 6.00
Lectures (FT) 24.00
Independent Learning (FT) 112.00

Assessment Methods

Component Duration Weighting Threshold Description
Exam 01 2.00 60.00 35% 2 hour unseen examination
Course Work 01 n/a 40.00 35% Excel portfolio assessed via an objective online test