THE UNIVERSITY OF MANCHESTER 
BMAN10501: Financial Reporting 
Final Examination Guide and Notes 2026 
 
- 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 
 
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BMAN10501: Financial Reporting (University of Manchester)

£25.00

ACADEMIC YEAR 2025 - 2026

University	University of Manchester
Unit Code	BMAN10501
Credit rating	10
Unit level	Level 1
Unit Name	Financial Reporting
Notes Title	Final Examination Guide and Notes
Format	PDF
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 the essential information you need to understand and apply the course material effectively, helping you build a solid grasp of financial accounting principles. The content is structured to support exam preparation by showing you what to focus on and how to apply your knowledge in typical questions. Use these notes as a reference to strengthen your understanding of each topic and improve your performance in the final examination.

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

BMAN10501: Financial Reporting (University of Manchester)

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