Financial Accounting for Energy and Mining Industries module (CP51048)

Non-accounting master’s students learn financial accounting, business finance, and develop understanding of the basics of carbon accounting

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Module code


The module has two parts. First, it introduces the subject of financial accounting for non-accounting master’s students. It is specific to financial accounting, rather than accounting in general. In that, its focus is to provide a basis to enter management decision making processes which involve the final accounts of an organisation.

Second, it provides you with a critical understanding of the complexities of business finance and the issues business managers in the energy and extractive industries are required to consider in the decision-making process. Such issues include the sources and cost of finance, return on investment, and management of working capital requirements.

What you will learn

In this module, you will learn:

  • introduction to corporate finance
  • capital investment appraisal
  • practical aspects of investment appraisal
  • cost of capital
  • working capital
  • the nature and purpose of accounting
  • starting a business: accounting implications and financial statements
  • capital assets and depreciation
  • cash flow and its management
  • business performance through the interpretation of financial statements
  • international accounting and the extractive industries
  • financial reporting in the extractive industries

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

  • analyse, interpret, and negotiate allocation of financial risks
  • apply financial principles and models for capital investment appraisal and measure business value
  • analyse and interpret balance sheets and income statements
  • manage time effectively to undertake the relevant reading for the module
  • communicate in writing and orally in a clear, concise and coherent manner

Assignments / assessment

  • mid-term exam (50%)
  • final closed-book exam (50%)

Teaching methods / timetable

The module will be delivered primarily in person, with a 3-hour lecture each week.


This module is available on following courses: