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2012/13 Undergraduate Module Catalogue

LUBS1230 Financial Accounting for Managers

10 creditsClass Size: 120

Module manager: Mr John Smith

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2012/13

Pre-requisite qualifications

As for BSC Management including Grade B at GCSE Mathematics.

This module is mutually exclusive with

LUBS1235Introductory Financial Accounting
LUBS1915Introduction to Financial Accounting
LUBS2235Introduction to Financial Accounting

This module is not approved as an Elective


This module aims to provide students with a basic understanding of financial reporting and financial management. They will become familiar with the preparation of financial statements and be given the skills to interpret the statements. They will also be aware of sources of capital that are available to organisations.

On successful completion of the modules students will have the skills and knowledge necessary for strategic management.

Learning outcomes
- Knowledge of the meaning of some accounting terminology including accounting concepts;
- An understand the distinctions between accounting information produced by an organisation for external publication in the form of financial statements and accounting information produced for internal purposes of planning, decision making and control;
- Awareness of the different documents that are included in a set of published financial statements;
- Ability to produce the income statement and statement of financial position;
- An ability to interpret financial information arising from virtually any organisation including investors ratios;
- An awareness of the different sources of capital, both internal and external, available to an organisation.

Skills outcomes
- Ability to produce financial statements
- Ability to interpret financial statements
- Ability to understand the different sources of capital available to organisations.


- Essential accounting terminology and concepts, and an introduction to basic financial statements;
- Preparation of income statement and statement of financial position (balance sheet); problems associated with valuing assets and liabilities including the valuation of inventories;
- Understanding of statements of cash flow;
- Interpretation of financial statements; including interpretation of financial ratios as a means of assessing company performance, and CORE Analysis as a means of strategic performance appraisal using financial statements;
- Main sources of both long and short term finance.

Teaching methods

Due to COVID-19, teaching and assessment activities are being kept under review - see module enrolment pages for information

Delivery typeNumberLength hoursStudent hours
Private study hours82.00
Total Contact hours18.00
Total hours (100hr per 10 credits)100.00

Private study

- Follow on reading from lectures and preparation for workshops.
- Students will be expected to contribute to discussion in the classes.

Opportunities for Formative Feedback

Student progress will be monitored via their production of answers to class questions and their contribution in classes.

Methods of assessment

Due to COVID-19, teaching and assessment activities are being kept under review - see module enrolment pages for information

Exam typeExam duration% of formal assessment
Standard exam (closed essays, MCQs etc)2 hr 00 mins100.00
Total percentage (Assessment Exams)100.00

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Reading list

The reading list is available from the Library website

Last updated: 22/04/2013


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