Module Overview

Fundamentals of Financial and Management Accounting

This module aims to provide students with a basic knowledge in the following areas(i) Production of financial statements of a single entity(ii) Interpretation of financial statements of single entities through the use of ratios and other techniques.(iii) Production of budgets with particular reference to cash budgets(iv) Capital Investment decisions

Module Code

ACCT H2004

ECTS Credits


*Curricular information is subject to change

Accounting Framework

Elements of Financial Statements including accounting principles and conventions.

Preparation of Financial Statements from Trial Balance and accompanying notes

Classification of individual amounts in the Trial Balance by reference to elements of the Financial Statements.Preparation of the Income statement and Balance Sheet of a single entity in a prescribed format from a Trial Balance and accompanying notes.Computation and adjustments for amounts by reference to "additional information to the Trial Balance" including (i) Accruals & Prepayments (ii) Non Current Assets-Depreciation straight line and reducing balance (iii) Closing inventory (iv) Bad debts write off and provision for bad/doubtful debts.

Analyses of Financial Statments

Analyses of financial statements using ratios and other techniques in relation to the Liquidity, Profitabilty, Efficiency and Owner aspects of that entity.

Cash budgets

Preparation of cash budgets of a single entity. Discuss and explain the theory behind budgeting and budgetary control in the management of the entity.

Investment appraisal techniques

Application of NPV, ARR, and PAYBACK in assessing proposed projects and comparing and contrasting the differences between them.

Module Content & Assessment
Assessment Breakdown %
Other Assessment(s)30
Formal Examination70