University of Surrey - Guildford

Registry > Module Catalogue
View Module List by A.O.U. and Level  Alphabetical Module Code List  Alphabetical Module Title List  Alphabetical Old Short Name List  View Menu 
2010/1 Module Catalogue
 Module Code: ECO2040 Module Title: FINANCIAL ACCOUNTING
Module Provider: Economics Short Name: ECO2040
Level: HE2 Module Co-ordinator: NEWMAN ME Mrs (Economics)
Number of credits: 10 Number of ECTS credits: 5
Module Availability
Assessment Pattern
Unit(s) of Assessment

Weighting Towards Module Mark (%)



Qualifying Condition(s)
A weighted aggregated mark of 40% is required to pass the module.
Module Overview
Financial Accounting is the function responsible for the preparing and reporting of financial information to the owners and external stakeholders of the organisation, enabling them to make judgements and decisions about that organisation's performance through analysis and interpretation of the financial statements.
Module Aims
The module aims to help students by providing a broad introduction to the main principles of financial accounting.
Learning Outcomes
By the end of the module the student will be able to:-
  • Describe and discuss the conceptual framework of accounting and its evolution
  • Describe and discuss the Statement of Principles and accounting concepts
  • Describe and explain the statutory / non statutory rules which surround accounting for the different types of business entity
  • Explain the function and key features of the main financial statements (balance sheet, profit and loss account and cash flow statement)
  • Prepare simple financial statements
  • Describe and discuss the performance review process and its limitations
  • Analyse financial statements and discuss performance in terms of both profit and cash
Module Content
A list of indicative topics to be covered:-
  • Accounting Framework, Accounting concepts and conventions, Accounting standards
  • Balance Sheet / Profit and Loss
  • Cash Flow statements
  • Valuation and Performance analysis
Methods of Teaching/Learning
Lectures (20 hrs)
Selected Texts/Journals
Business Accounting and Finance, Tony Davies and Tony Boczko, McGraw Hill 2005, 2nd edition
Last Updated

04 October 2010