SHE Level 2
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M2N425212
Module Leader Edward Thompson
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 module will consider aspects of accounting of key importance to management of entities. Students will be exposed to detailed analysis of accounting statements prepared using internationally recognised standards, short term and long term financing, financial governance, taxation and accounting techniques for decision making, planning and control. The module applies accounting to the needs of managers ensuring that students' business knowledge will be broadened but will also value its relevance to their future career. The auditing function will allow for consideration of systems to ensure integrity of financial recording and reporting aligned to corporate governance principles in the pursuance of global corporate social responsibility.


-Interpretation of financial reports -Finance: Working Capital Management, and sources of finance -Auditing: The nature and scope of auditing within organisational governance -Taxation: Basic Principles of income tax, corporate tax and value added tax -Short-term decision Analysis: Cost and income behaviour, Relevant Costing, Pricing and Decision Making process -Long term decision making: Capital Investment Appraisal & Risk -Budgetary planning and control -Standard costing -Divisional performance management -Transfer Pricing

Learning Outcomes

On successful completion of this module, the student should be able to:1. Explain the nature of working capital and appreciate the issues affecting each element whilstidentifying sources of finance available to a business and explain the role of the capital markets in the UK2. Understand and appreciate the role of the internal and external auditing within the corporate governance of organisations3. Demonstrate, from a financial planning perspective, an awareness of income tax, corporate tax and value added tax4. Comprehend cost and income behaviour and apply contribution theory and relevant costing to short term decision making5. Critically review the techniques for analysing long-term decision related costs and benefits, undertaking evaluations of capital investment proposals6. Appreciate the nature and scope of budgets and standards for planning and control purposes and evaluating the performance at divisional/organisational level within profit/not-for profit organisations.

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. 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

Text books: WEETMAN, P., 2010. Management Accounting. 2 nd ed. Harlow: Financial Times/Prentice Hall ATRILL, P. & McLANEY, E., J., 2014. Accounting and Finance for Non-specialists. 9 th ed. New York: Pearson MELVILLE, A. 2016. Taxation: Finance Act 2015. 21 st ed. Harlow: Pearson ARENS, A. ELDER, R. BEASLEY, M., & HOGAN, C., 2017. Auditing and Assurance services: An Integrated Approach. 16 th ed. Pearson Academic Journals: as required

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. -Oral and written communication skills, negotiation skills and presentation skills. -Information technology skills will be developed through I---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
Independent Learning (FT) 145.00
Lectures (FT) 15.00
Assessment (FT) 40.00

Assessment Methods

Component Duration Weighting Threshold Description
Course Work 01 n/a 100.00 40% E-portfolio individual report - Explore topics of interest (from a choice) within the organisational setting, linking theory and practice. 3000 words