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Session: 2022/23

Last modified: 20/03/2019 16:30:37

Title of Module: Accountancy & Finance for Int Managers

Code: ACCT11010 SCQF Level: 11
(Scottish Credit and Qualifications Framework)
Credit Points: 20 ECTS: 10
(European Credit Transfer Scheme)
School:School of Business & Creative Industries
Module Co-ordinator:Gerry  McPake

Summary of Module

This module explores the area of financial reporting, control, and analysis within organisations at both the national and international levels. The module introduces the core concepts of financial and management accounting so that students are able to fully understand the content and output of the accounting function to enable effective decision making. The impact of International Financial Reporting Standards will be fully explored as will the implications for planning and control from the internationalisation of business. There are three broad themes within the module:

  1. The nature and background of financial reporting: characteristics of financial information; cost information management reporting; fundamental accounting concepts.
  2. The principal financial reporting statements, reporting criteria and use of accounting information: Statement of Financial Position, nature of assets, liabilities and equity; statements of financial performance, profit/loss reporting, cash flow; operating and financial reviews; uses of financial statements, comparative performance, measures of solvency and returns, features of debt and equity financing, investment performance. The impact of International Financial Reporting Standards; application of IFRS in different countries; issues about the globalisation of accounting
  3. Budgeting, planning and forecasting: long term capital investment appraisal, risk and uncertainty; Planning and control, feedback and feed-forward control, budget reports, behaviour and budgeting, management by objectives; accounting approaches to the measurement of information for strategic decision making; Planning and Control in the international dimension – challenges and opportunities; Strategic Management Accounting, Balanced Scorecard.



Module Delivery Method
Face-To-FaceBlendedFully OnlineHybridCHybridOWork-based Learning
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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:




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Term(s) for Module Delivery
(Provided viable student numbers permit).
Term 1check markTerm 2


Term 3


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Learning Outcomes: (maximum of 5 statements)

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

L1. Critically assess the accounting practice, problems and underpinnings of financial information provided to managers for decision making and be able to evaluate their usefulness and effectiveness with a particular emphais on the international dimension.

L2. Use complex financial information to critically evaluate organisational operations and performance, both nationally and internationally.

L3. Be able to demonstrate advanced skills in the collection, interpretation, analysis and presentation of both academic literature and business data.

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 11.

A broad and integrated knowledge of the main areas of financial and management accounting
A critical understanding of the theories and principles of financial and management accounting
Critical knowledge of debt/equity financing

Practice: Applied Knowledge and Understanding SCQF Level 11.

Using of a range of skills and techniques as appropriate to the discipline
Applying a range of techniques of enquiry and research
Planning and executing the analysis and presentation of the financial element of business plans
Applying critical analysis and evaluation to some issues in international accounting and reporting
Identifying, abstracting, responding creatively to theoretical and practical issues

Generic Cognitive skills SCQF Level 11.

Apply critical analysis, evaluation and synthesis to accounting & finance issues.
Identify, conceptualise and define new and abstract problems and issues.
Develop original and creative responses to financial problems and issues.

Communication, ICT and Numeracy Skills SCQF Level 11.

Communicating effectively to a range of audiences, including peers and tutors
Critically evaluating a wide range of numerical and graphical data as appropriate
Use this to communicate to a range of audiences, using oral and written means.

Autonomy, Accountability and Working with others SCQF Level 11.

Exercising substantial autonomy and initiative in studies
Taking responsibility for own work and the work of others in group work

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.

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Learning and Teaching
This module is delivered in two sections, the first looking at helping managers to obtain and analyse relevant financial information.

The second section looks at the financial information that a manager may be faced with and helps the student to understand the role of, and interpretation of, financial and management accounts, how to analyse trends and variances, how to prepare and work within budgets, and how to understand the complex financial terminology and calculations that are faced daily in a manager's role. This is supported by tutorials and a VLE which provides worked examples to help iilustrate these points.

The assessment of the first section is by essay requiring students to investigate an issue relating to management accounting. The second by case study requiring students to interpret financial data.
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 Delivery24
Tutorial/Synchronous Support Activity12
Asynchronous Class Activity24
Independent Study140
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:

O’Hare, J. Analysing Financial statements for Non-Specialists, Latest Edition, Routledge, Taylor and Francis Group, UK

Drury, C Management and Cost Accounting. Latest Edition, Cengage Learning.

other resources will be available on UWS VLE page (Moodle)

(**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:
Full time students are expected to meet the School's minimum attendance requirement (75%); demonstrate evidence of engagement with module resources; and under normal circumstances attempt all assessment elements.

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Supplemental Information

Programme BoardAccounting, Finance and Law
Assessment Results (Pass/Fail) No
Subject PanelAccounting, Finance & Law
ModeratorXin (Michael) Guo
External ExaminerL McCann
Accreditation DetailsContact School for current details
Version Number


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Assessment: (also refer to Assessment Outcomes Grids below)
Essay 50%
Case Study 50%
(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) Weighting (%) of Assessment ElementTimetabled Contact Hours
Essaycheck mark check mark500

Component 2
Assessment Type (Footnote B.) Learning Outcome (1) Learning Outcome (2) Learning Outcome (3) Weighting (%) of Assessment ElementTimetabled Contact Hours
Case study check markcheck mark500
Combined Total For All Components100% 0 hours

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

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  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
As per University regulations and policies.
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.