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MN20501: Intermediate accounting

[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: Intermediate (FHEQ level 5)
Semester 1
Assessment Summary: CW 40%, EX 60%
Assessment Detail:
  • Coursework (CW 40% - Qualifying Mark: 35)
  • Examination (EX 60% - Qualifying Mark: 35)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Requisites: Before taking this module you must take MN10248
In taking this module you cannot take MN20018 OR take MN20019 OR take MN20485
Learning Outcomes: On completion of this unit students should be able to:
* discuss the demand and supply forces underlying the provision of company financial information according to international financial reporting standards and evaluate the usefulness of published sources of financial information;
* carry out financial statement analysis and evaluate its usefulness;
* discuss the accounting information needs of managers and the use of budgeting within an organisation;
* identify relevant information for internal decision-making and prepare basic budgets;
* understand the principles of working capital management and discuss the relative merits of various financing structures;
* appreciate the international context in which businesses are operating improve technical, analytical and information research skills.

Aims: The unit aims to enable students to:
* understand financial statements and their place in decision-making
* use basic techniques of financial statement analysis
* understand the various roles that accounting information plays within organisations
* evaluate the role of good governance and sustainability issues within organisations
* identify relevant information for decision-making purpose
* Explain the role of budgets and standard costing within organisations.
* Prepare and interpret budgets, standard costs and variance statements.

Skills: Financial data manipulation and interpretation
Analytical and communication skills in relation to financial information
Accreditation for some professional exams
Use appropriate financial analysis and computational techniques to compute financial information which is useful in a management accounting context
Identifying financial information and analytical techniques relevant to a particular purpose
Interpreting the results of analysis in a manner pertinent to a specified problem/objective
Construction of relevant costing, financial analysis and budget statements in a format suitable for general readership
Transferable/Key Skills
* Applying a range of quantitative analysis techniques in a variety of business environments
* Critical skills in the application of techniques and the interpretation of results.

Content: a) Financial planning and control
Analysis and practical applications of a variety of management accounting and financial planning techniques, including:
* Marginal costing and absorption costing
* Relevant costs and decision making
* Activity based costing
* Modern manufacturing environment + other developments in costing
* Standard costing
* Budgeting
* Investment appraisal techniques .
(b) Reporting results in financial terms
* Preparation of Income Statements, Balance Sheets, and Statements of Cash Flows in statutory form.
* The role and process of the regulatory framework in accounting.
* The development of international standards.
* Evaluation of the mechanisms of internal control and corporate governance.

Programme availability:

MN20501 is a Generally Available Unit which is available to all students of the University (subject to the usual constraints) to take either as a Director of Studies approved option within their programme of study or as an 'extra' unit which does not count towards a final award.

MN20501 is Optional on the following programmes:

Department of Chemistry
  • USCH-AFB03 : BSc(Hons) Chemistry with Management (Year 2)
  • USCH-AAB04 : BSc(Hons) Chemistry with Management with Study year abroad (Year 2)
  • USCH-AKB04 : BSc(Hons) Chemistry with Management with Industrial Placement (Year 2)
  • USCH-AFM07 : MSci(Hons) Chemistry with Management (Year 2)
  • USCH-AKM07 : MSci(Hons) Chemistry with Management with Industrial Placement (Year 2)
Department of Economics
  • UHES-AFB03 : BSc(Hons) Economics (Year 2)
  • UHES-AAB03 : BSc(Hons) Economics with Study year abroad (Year 2)
  • UHES-AKB03 : BSc(Hons) Economics with Year long work placement (Year 2)
  • UHES-ACB03 : BSc(Hons) Economics with Combined Placement and Study Abroad (Year 2)
Department of Mathematical Sciences
  • USMA-AFB15 : BSc(Hons) Mathematical Sciences (Year 3)
  • USMA-AAB16 : BSc(Hons) Mathematical Sciences with Study year abroad (Year 4)
  • USMA-AKB16 : BSc(Hons) Mathematical Sciences with Year long work placement (Year 4)
  • USMA-AFB05 : BSc(Hons) Statistics (Year 3)
  • USMA-AAB06 : BSc(Hons) Statistics with Study year abroad (Year 4)
  • USMA-AKB06 : BSc(Hons) Statistics with Year long work placement (Year 4)
  • USMA-AFM14 : MMath(Hons) Mathematics (Year 3)
  • USMA-AKM15 : MMath(Hons) Mathematics with Year long work placement (Year 4)


  • 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.