THE UNIVERSITY OF SHEFFIELD 
MGT132: Introduction to Financial Accounting 
Final Examination Guide and Notes 2024 
 
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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University of Sheffield - MGT132: Introduction to Financial Accounting

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ACADEMIC YEAR 2023 - 2024

University	University of Sheffield
Study Level	Undergraduate
Module Code	MGT132
Module Name	Introduction to Financial Accounting
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	81

The MGT132: Introduction to Financial Accounting, University of Sheffield - Final Examination Guide and Notes 2024 provides students with a unique summarised version of the core information contained in the full course, and the essentials you need in order to fully comprehend and apply. These features have been specifically designed to help you apply your knowledge in exams. You do not need to be an expert in the course, you just need a basic understanding, and be able to quickly recall the information that you learn. You can use these notes as a reference, to understand the module better and improve your grades in the final examination. This updated exam prep guide helps you identify your weak areas, so you will pass the final exam on your first attempt.

This module offers a comprehensive introduction to Financial Accounting, focusing on the construction and interpretation of financial statements. It provides an in-depth understanding of the principles and concepts underpinning these statements. The course is designed to equip students with the necessary skills to record and summarise financial transactions of a business effectively. It further develops practical understanding by focusing on the preparation, interpretation, and limitations of company financial statements within the regulatory framework. This module is ideal for those seeking to gain a solid foundation in financial accounting, whether for career advancement or academic progression.

✔ By the end of this module, you should be able to:

Identify and explain the forms of business organisations and the principal types of business.
Name and illustrate the main components of the four primary financial statements.
List and understand the major assumptions and principles in financial reporting.
Explain the accounting information system and demonstrate how it is used to record and report.
Prepare a classified balance sheet and compute basic and diluted earnings per share.
Categorise and compare the reporting for accounting changes.
Construct a statement of cash flows using both direct and indirect methods.
Evaluate a firm's profitability and compare the profitability of firms.
Apply the concept of quality of accounting information.
Develop financial statement forecasts including balance sheets, income statements, and statement of cash flows.

MODULE CODE	MODULE NAME
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ECN120	Statistical Methods for Economics
ECN130	Economic Analysis and Policy
ECN201	Intermediate Microeconomics
ECN202	Intermediate Macroeconomics
ECN216	Econometrics
ECN218	Applied Macroeconomics
ECN220	Money, Banking and Finance
ECN340	Further Econometrics
MGT102	Introduction to Management Accounting
MGT132	Introduction to Financial Accounting
MGT213	Issues in Financial Management
MGT225	Intermediate Financial Accounting
MGT230	Introduction to Corporate Finance and Asset Pricing
MGT233	Essentials of Marketing
MGT250	Financial Management
MGT321	Corporate Finance
MGT355	Advances in Financial Accounting
MGT375	Financial Derivatives

University of Sheffield - MGT132: Introduction to Financial Accounting

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