Page Navigation

Module Descriptors

This page displays the selected Module Descriptor.

Printer friendly version Printer friendly version

Session: 2022/23

Last modified: 28/06/2022 10:44:09

Title of Module: Business Finance

Code: ACCT07016 SCQF Level: 7
(Scottish Credit and Qualifications Framework)
Credit Points: 20 ECTS: 10
(European Credit Transfer Scheme)
School:School of Business & Creative Industries
Module Co-ordinator:TBC 

Summary of Module

The module introduces you to the role and purpose of the accounting and finance function within a business. Class sessions and VLE activities guide you through: the international financial environment; basic requirements for internal and external financial reporting; methods of raising and managing finance; and approaches to costing, budgeting and financial decision-making.

Indicative content:

  • Cost of capital
  • Investment appraisal
  • Financial statements
  • Ratio analysis
  • Costing techniques
  • Marginal costing
  • Breakeven analysis
  • Functional budgets
  • Variance analysis
  • Cash budgets

Module Delivery Method
Face-To-FaceBlendedFully OnlineHybridCHybridOWork-based Learning
check markcheck mark

Term used to describe the traditional classroom environment where the students and the lecturer meet synchronously in the same room for the whole provision.

A mode of delivery of a module or a programme that involves online and face-to-face delivery of learning, teaching and assessment activities, student support and feedback. A programme may be considered “blended” if it includes a combination of face-to-face, online and blended modules. If an online programme has any compulsory face-to-face and campus elements it must be described as blended with clearly articulated delivery information to manage student expectations

Fully Online
Instruction that is solely delivered by web-based or internet-based technologies. This term is used to describe the previously used terms distance learning and e learning.

Online with mandatory face-to-face learning on Campus

Online with optional face-to-face learning on Campus

Work-based Learning
Learning activities where the main location for the learning experience is in the workplace.

Campus(es) for Module Delivery
The module will normally be offered on the following campuses / or by Distance/Online Learning: (Provided viable student numbers permit)
Paisley:Ayr:Dumfries:Lanarkshire:London:Distance/Online Learning:Other:
check mark



check mark


check mark


Term(s) for Module Delivery
(Provided viable student numbers permit).
Term 1


Term 2check markTerm 3


[Top of Page]

Learning Outcomes: (maximum of 5 statements)

On successful completion of this module the student will be able to:

L1. Demonstrate an understanding of the content of basic financial statements, identifying various business stakeholders and business types.

L2. Explain the options available to the financial manager for raising and managing sources of finance.

L3. Demonstrate an understanding of a range of techniques used in costing and budgeting of products, services and business ventures.

L4. Apply marginal costing techniques as a tool for financial decision-making and break-even analysis.

Employability Skills and Personal Development Planning (PDP) Skills
SCQF Headings During completion of this module, there will be an opportunity to achieve core skills in:
Knowledge and Understanding (K and U) SCQF Level 7.

• Knowledge that is embedded in the main theories, concepts and principles of finance.
• An understanding of the role and function of the financial accountant in recording and presenting financial statements.
• An awareness of the dynamic nature of knowledge and understanding of the finance function in particular in relation to the role
and function of the management accountant in costing, budgeting and decision-making.

Practice: Applied Knowledge and Understanding SCQF Level 7.

Apply knowledge, skills and understanding:

• In applying and explaining routine techniques and concepts common to the financial accountant, management accountant and
financial manager.

Generic Cognitive skills SCQF Level 7.

• Recommend use of common finance sources through evaluation of their various features.
• Evaluate financial market information in order to understand and explain share price performance.
• Identify optimal courses of action through evaluation of quantitative or financial information.

Communication, ICT and Numeracy Skills SCQF Level 7.

• Use a range of forms of communication effectively in both familiar and unfamiliar contexts.
• Select and use standard ICT applications to process and obtain a variety of information and data.
• Use a range of numerical and graphical skills in combination.

Autonomy, Accountability and Working with others SCQF Level 7.

• Exercise some initiative and independence in carrying out defined activities.
• Manage limited resources within defined areas of work.
• Work, under guidance, independently or with others to acquire an understanding of current professional practice.

Pre-requisites: Before undertaking this module the student should have undertaken the following:
Module Code:
Module Title:
Co-requisitesModule Code:
Module Title:

* Indicates that module descriptor is not published.

[Top of Page]

Learning and Teaching
A variety and teaching activities will be used in the delivery of the module, aligned to student assessment. The module will adopt a whole class teaching approach. Classes will offer a balance between discussion and active student participation in applying financial techniques. Tutorials and VLE resources and activities offer ample opportunity for students to develop lifelong learning skills in terms of collaborations and team-work, basic research skills, communication and information literacy, in line with the needs of the graduate of the future.
Student engagement and participation will be supported through the module VLE site. Continuous formative feedback will be available via tutorial participation and VLE tests and quizzes. Learning will be supported by VLE, media files, web links, and other activities, offering summaries and further exploration of key concepts.
Learning Activities
During completion of this module, the learning activities undertaken to achieve the module learning outcomes are stated below:
Student Learning Hours
(Normally totalling 200 hours):
(Note: Learning hours include both contact hours and hours spent on other learning activities)
Lecture/Core Content Delivery12
Tutorial/Synchronous Support Activity24
Independent Study164
200 Hours Total

**Indicative Resources: (eg. Core text, journals, internet access)

The following materials form essential underpinning for the module content and ultimately for the learning outcomes:

Scott, P. (2018) Accounting for Business, 3rd edition. Oxford: Oxford University Press.

Details of further resources, including textbooks, journals and online resources will be identified at the beginning of each delivery in the module handbook and made available via VLE.

(**N.B. Although reading lists should include current publications, students are advised (particularly for material marked with an asterisk*) to wait until the start of session for confirmation of the most up-to-date material)

Engagement Requirements

In line with the Academic Engagement Procedure, Students are defined as academically engaged if they are regularly engaged with timetabled teaching sessions, course-related learning resources including those in the Library and on the relevant learning platform, and complete assessments and submit these on time. Please refer to the Academic Engagement Procedure at the following link: Academic engagement procedure

Where a module has Professional, Statutory or Regulatory Body requirements these will be listed here:
In line with the Academic Engagement and Attendance Procedure, Students are defined as academically engaged if they are regularly engaged with timetabled teaching sessions, course-related learning resources including those in the Library and on Moodle, and complete assessments and submit these on time. Please refer to the Academic Engagement and Attendance Procedure at the link above.

[Top of Page]

Supplemental Information

Programme BoardAccounting, Finance and Law
Assessment Results (Pass/Fail) No
Subject PanelAccounting, Finance and Law
External ExaminerTBC
Accreditation Details
Version Number


[Top of Page]

Assessment: (also refer to Assessment Outcomes Grids below)
50% Report - 1500 words
50% Closed book class test - 1.5 hours
(N.B. (i) Assessment Outcomes Grids for the module (one for each component) can be found below which clearly demonstrate how the learning outcomes of the module will be assessed.
(ii) An indicative schedule listing approximate times within the academic calendar when assessment is likely to feature will be provided within the Student Handbook.)

Assessment Outcome Grids (Footnote A.)

Component 1
Assessment Type (Footnote B.) Learning Outcome (1) Learning Outcome (2) Learning Outcome (3) Learning Outcome (4) Weighting (%) of Assessment ElementTimetabled Contact Hours
Report of practical/ field/ clinical workcheck markcheck mark  500

Component 2
Assessment Type (Footnote B.) Learning Outcome (1) Learning Outcome (2) Learning Outcome (3) Learning Outcome (4) Weighting (%) of Assessment ElementTimetabled Contact Hours
Class test (written)  check markcheck mark501.5
Combined Total For All Components100% 1.5 hours

A. Referred to within Assessment Section above
B. Identified in the Learning Outcome Section above

[Top of Page]

  1. More than one assessment method can be used to assess individual learning outcomes.
  2. Schools are responsible for determining student contact hours. Please refer to University Policy on contact hours (extract contained within section 10 of the Module Descriptor guidance note).
    This will normally be variable across Schools, dependent on Programmes &/or Professional requirements.

Equality and Diversity
The Equality, Diversity and Human Rights policy underpins student engagement. We aim to make UWS a fair and equal place to study an institution which addresses specific issues covering all aspects of equality, diversity and human rights. Where required module assessment will be adapted to meet student requirements.
UWS Equality and Diversity Policy
(N.B. Every effort will be made by the University to accommodate any equality and diversity issues brought to the attention of the School)

2014 University of the West of Scotland

University of the West of Scotland is a Registered Scottish Charity.

Charity number SC002520.