THE UNIVERSITY OF MANCHESTER 
BMAN10501: Financial Reporting 
Final Examination Guide and Notes 2025 
 
Part 01: Revision Notes 
Part 02: Sample Final Examination Paper 
Part 03: Suggested Solutions to Final Exam Paper 
Part 04: Final Examination - Hints and Tips 
 
The 24/7 Online Support You Deserve 
Need to reach out to us with questions or for help? You’ll connect with a private tutor who is extremely passionate about the unit to provide assistance and help ensure that you’re on the right track to graduating. 
 
Looking for more study resources? 
Find out about all the services and resources available for students at the University of Manchester

BMAN10501 - Financial Reporting at the University of Manchester

£35.00

ACADEMIC YEAR 2024 - 2025

University	The University of Manchester
Unit Code	BMAN10501
Credit Rating	10
Unit Title	Financial Reporting
Notes Title	Final Examination Guide and Notes
Page Length	81

This guide provides a comprehensive summary of the key concepts covered in BMAN10501: Financial Reporting at the University of Manchester. It highlights essential information to help you understand and apply financial accounting principles effectively. Designed specifically to support your exam preparation, this guide ensures you can recall and apply key concepts with confidence. You don’t need to be an expert in the course - just a basic understanding is enough. These notes serve as a valuable reference to reinforce your learning, enhance your understanding of the topics, and improve your performance in the final exam.

The course is concerned with the way in which organisations "account" for their activities to external users of financial reports. As well as offering an understanding of the general role, context, and principles of financial reporting, it covers the basic recording of business transactions through to the preparation of income statements, balance sheets, and cash flow statements, along with some of the associated measurement and disclosure problems. Bookkeeping techniques are taught within the course as a means to understand how the figures in financial reports are derived and thereby to assist with the interpretation of financial reports.

The course material is structured as follows:

Topic 1: The Framework of Financial Reporting

An introduction to financial reporting
The importance of choice of accounting method
Basic principles and qualities of financial reports

Topic 2: The Principles of Accounting Recording and Reporting

How transactions are recorded
Preparation of the basic reporting statements – the balance sheet and income statement
The accounting equation
Double-entry bookkeeping and trial balances

Topic 3: Recognition and Measurement Issues

Illustrated with reference to specific areas of accounting:
- Fixed assets
- Current assets and working capital
- The owners’ interest in the business
- Funds from long-term credit

Topic 4: The Cash Flow Statement

Preparing the cash flow statement
Sources of finance for organisations

Topic 5: Interpretation of Accounts

Analysis of financial reports using ratios

UNIT CODE	UNIT TITLE
BMAN10001	Economic Principles: Microeconomics
BMAN10101	Principles of Marketing
BMAN10501	Financial Reporting
BMAN10512	Introductory Management Accounting
BMAN10522	Financial Decision Making
BMAN10552	Fundamentals of Finance
BMAN10621M	Fundamentals of Financial Reporting
BMAN10872	Introduction to Work Psychology
BMAN20072	Investment Analysis
BMAN21011	Financial Markets and Institutions
BMAN21040A	Intermediate Management Accounting
BMAN21020A	Financial Reporting and Accountability
BMAN23000A	Foundations of Finance A
BMAN23000B	Foundations of Finance B
BMAN30091	Financial Derivatives
BMAN30111A	Advanced Corporate Finance
ECON10072A	Advanced Statistics
ECON10221	Microeconomics 1
ECON10232	Microeconomics 2
ECON10241	Macroeconomics 1
ECON10262	Macroeconomics 2
ECON30370	Econometrics
ECON31031	Advanced Econometrics
PSYC10100	Research Methods and Statistics
PSYC21061	Statistics and Data Analysis
SOST10062	Introductory Statistics for Economists

BMAN10501 - Financial Reporting at the University of Manchester

INFORMATION

UNIT DESCRIPTION

RELATED UNITS