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MN10566: Accounting for managers

[Page last updated: 23 August 2022]

Academic Year: 2022/23
Owning Department/School: School of Management
Credits: 6 [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Certificate (FHEQ level 4)
Semester 1
Assessment Summary: CW 40%, EX 60%
Assessment Detail:
  • Coursework (CW 40%)
  • Examination (EX 60% - Qualifying Mark: 35)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Requisites: In taking this module you cannot take MN10008 OR take MN10248 OR take MN10331 OR take MN10476 OR take MN10668
Learning Outcomes:
* Students will understand how accounting and financial management serves the purpose of developing and operating a business.
* They will acquire a broad knowledge of the different dimensions of financial management and accounting which they may study in depth in later years of the course and an introductory working knowledge of basic tools of financial analysis and practice.

Aims: The unit introduces students to the issues involved in a firm's financial planning and control. Students will develop a knowledge of accounting, the interpretation of financial data for decision-making, the preparation of financial statements from raw data, costing and some operational decisions.
This unit provides a basis for (and is a pre-requisite for) the 2nd year Accounting for Managers in an International Context unit.

* Financial data manipulation and interpretation;
* Analytical and communication skills in relation to financial information.

Content: (a) Reporting results in financial terms
* Basic distinctions between the accounts of sole traders, partnerships and companies
* Preparation of trial balance from source data
* Preparation of final accounts from trial balance
* Reporting performance and financial results to higher levels in the organisation: cost centre reports, profit centre reports, investment centre reports
* Reporting the results to shareholders and other outside parties: preparation of final accounts, structure and interpretation of final accounts, underlying concepts (going concern, prudence, materiality, etc.)
* Measures of performance in the financial press: share prices, earnings per share, p/e ratios, assessing the quality of earnings announcements, etc.
* Outline of the role of company law, the accounting profession and Accounting Standards in controlling the content of published information
* Outline of complications created by going international / global for investment analysis, financing the business, financial control and financial reporting

(b) Financial planning and control
* The financial dimension of businesses and other organisations
* Estimating costs for planned activities : fixed and variable costs; direct and indirect costs; basic elements of product cost
* Preparation of cash budgets
* Annual budgeting, profit planning, liquidity control and longer term financial projections,
* Controlling operations and cost control.

Programme availability:

MN10566 is Compulsory on the following programmes:

School of Management
  • UMMN-AYB06 : BSc(Hons) International Management with Year Abroad (Year 1)
  • UMMN-AFB04 : BSc(Hons) Management (Year 1)
  • UMMN-AKB04 : BSc(Hons) Management with Year long work placement (Year 1)
  • UMMN-AKB05 : BSc(Hons) Management with Marketing with Year long work placement (Year 1)


  • This unit catalogue is applicable for the 2022/23 academic year only. Students continuing their studies into 2023/24 and beyond should not assume that this unit will be available in future years in the format displayed here for 2022/23.
  • Programmes and units are subject to change in accordance with normal University procedures.
  • Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
  • Find out more about these and other important University terms and conditions here.