Introduction to Business Accounting module (BU12003)

Tailored towards business students this module provides an understanding of accounting through the preparation and interpretation of financial information.

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Module code


Having an understanding of the different kinds of accounting and when they are used, will help you after graduation in your career. Crucial business decisions are based upon the production of accounting records so having knowledge in how to interpret this data is useful.

The main aim of the module is to develop an understanding of accounting through the preparation and interpretation of financial information.

What you will learn

In this module, you will:

  • learn the basics of financial statement preparation
  • gain an understanding of financial reports through analysis and interpretation
  • learn how to assist managers in controlling a business and in making decisions on costing. budgeting and marginal costing for decision making

By the end of the module, you will be able to:

  • understand fundamental financial and management accounting concepts
  • recognise users of, and the information included in, a set of basic financial statements
  • display knowledge of the information (financial and non-financial) required for decision making
  • apply fundamental accounting concepts to practical situations
  • prepare a set of financial statements
  • apply costing concepts to practical situations
  • analyse and discuss basic management information statements
  • prepare management information based on costing techniques

Assignments / assessment

  • Class test 1 (10%)
  • Class test 2 (10%)
  • Written final exam (80%)

Teaching methods / timetable

You should expect 10 x two hour hybrid lectures, 15 x one hour in-person tutorial sessions and independent study of around 165 hours.

Week Topics covered
1 Introduction to financial accounting, accounting concepts and financial statements
2 Statement of profit and loss and inventory
3 Accruals, prepayments, bad debts and non-current assets and depreciation
4 Adjusted final accounts of an entity and statement of cash flows - cash versus profit
5 Accounting ratios
6 Reading week
7 Introduction to management accounting and cost terms & concepts/cost behaviour
8 Costing for decision making
9 Relevant Costing
10 Budgeting
11 Revision


This module is available on following courses: