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.

It explores the challenges of recognising and measuring financial elements, including the use of double-entry bookkeeping, and the preparation of key financial statements. The course also introduces techniques for interpreting financial statements, such as ratio analysis, to evaluate an organisation's financial performance and position.

Syllabus:

• The framework of Financial Reporting - an introduction to financial reporting; the importance of choice of accounting method; basic principles and qualities of financial reports.

• The principles of accounting recording and reporting - how transactions are recorded and the preparation of the basic reporting statements - the balance sheet, income statement; the accounting equation; double entry bookkeeping and trial balances.

• 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; and funds from long term credit.

• The Cash Flow statement - preparing the cash flow statement and sources of finance for organisations.

• Interpretation of Accounts - analysis of financial reports using ratios.

Pre/co-requisites: Only available to students on: BA (Econ) Accounting and/or Finance Specialists, BSc Accounting, BSc Business Accounting and IBFE.

Dependent course units: 

BMAN21020 Financial Reporting & Accountability, BMAN20081 Financial Statement Analysis (if also taken BMAN10522 Financial Decision Making).

UNIT CODE

UNIT NAME

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