Fundamentals of Financial Reporting

BMAN10621M Fundamentals of Financial Reporting 10 Semester 1 Undergraduate Level 1 Nooch Kuasirikun Unit coordinator 1 FHEQ level (Framework for Higher Education Qualifications) ' First part HE study/Bachelors ' European Credit Transfer & Accumulation System Rating : 5.0 Topics studied are as follows: • Introduction to Financial Reporting concepts • The statement of financial position • The income statement • The cash flow statement • Ratio analysis and analytical review • Corporate Governance Topics studied are as follows: • Introduction to Financial Reporting concepts • The statement of financial position • The income statement • The cash flow statement • Ratio analysis and analytical review • Corporate Governance This course aims to introduce students to the fundamental concepts, principles and techniques of financial accounting and reporting for students who are not specialists in accounting. It takes a conceptual and practical approach which emphasises general principles and methods in order to allow these concepts to be applied to specific problems and issues in accounting and the wider business/social environment. The course assumes no background knowledge in accounting. By the end of the course, you should be able to:<ol> <li>Discuss the conceptual framework of financial reporting which enables accounting information to be useful for decision-making purposes.</li> <li>Identify and explain the different forms of business in the UK, particularly their legal and financial reporting requirements.</li> <li>Explain and apply the accounting principles, conventions and concepts when preparing non-complex income statements, statements of financial position and cash flow statements.</li> <li>Explain and apply the difference between cash and profit as well as the book value and market value of companies.</li> <li>Analyse and interpret the financial statements of a company using ratio analysis and show commercial awareness of the relative significance of non-financial reported information.</li> <li>Discuss and evaluate the importance of corporate governance and contemporary</li></ol> Lecture hours: 22 Workshop hours: 5 x 1 hour workshops in weeks 4, 7, 9, 10 & 11 Independent: 72 hoursTotal study hours: 100 hours split between lectures, classes, self-study and preparation for classes, coursework and examinations. Note: Independent study includes reading, preparation for classes, homework, completion of practice quizzes and preparation for assessments. Informal contact methods<ul> <li> Office Hours</li> <li> Online Learning Activities (blogs, discussions, self assessment questions)</li></ul> 0 Other 100% Online assessment 20% Closed-book examination 80%     • Informal advice and discussion during a lecture or workshop. • Immediate feedback on online-coursework. • Online exercises and quizzes delivered through the Blackboard course space. • Responses to student emails and questions from a member of staff including feedback provided to a group via an online discussion forum. • Generic feedback posted on Blackboard regarding overall examination performance.  BMAN 10632(M) is a co-requisite of BMAN 10621(M). This course is restricted to students on Management/Management specialisms, IMABS & IM.This course is restricted to students on BSc Management, BSc Management specialisms, BSc IMABS, BSc IM and BSc ITMB.   N Core Textbook Atrill & McLaney, Financial Accounting for Decision Makers, 7th edition. Supplementary reading: financial press (e.g. Financial Times), Accountancy magazine & any plc annual financial statements   Assessment practical exam 2 Assessment written exam 2 Lectures 22 Practical classes & workshops 5 0 69 Other Teaching Staff: To be confirmedPre-requisites: NoneCo-requisites: NoneDependent course units: BMAN10632/10632(M) Fundamentals of Management Accounting BMAN21020 Financial Reporting & Accountability BMAN20081 Financial Statement Analysis - BMAN10522/10522(M) Financial Decision Making is also required as a pre-requisite with BMAN10621(A), (B) or (M) Fundamentals of Financial Reporting.Programme Restrictions: This course is compulsory for BSc Management, BSc Management Specialisms, BSc International Management and BSc International Management with American Business Studies and BSc ITMB.For Academic Year 2023/24Updated: March 2023Approved by: March UG Committee