- Academic Registry
Programme & Unit Catalogues

MN30315: Advanced financial 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: Honours (FHEQ level 6)
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 MN20018
Learning Outcomes: At the end of this module students will be able to:
* apply and critically evaluate alternative accounting techniques for consolidating financial statements, changing prices, cash flow, financial instruments and leases;
* explain the role of financial accounting as a means to resolve conflict among contracting parties and to apply this understanding to evaluate the financial reporting requirements of organizations;
* understand the relationship between accounting information and capital markets and highlight this relationship by reference to empirical evidence;
* discuss current debates and issues in financial accounting.

Aims: The aim is to provide students with an understanding of selected key topics in accounting for the transactions of groups of companies and to provide a basis for evaluating alternative accounting methods. Develop a critical understanding of the role of accounting in capital markets and in resolving conflicts between contracting parties.

Skills: Intellectual Skills
* the ability to appropriately apply a framework of rules, regulations and principles to financial information; TFA
* the ability to interpret financial information; TFA
* the ability to identify issues of controversy in financial accounting and discuss them. TFA
Professional Practical Skills
* the ability to prepare financial reporting information in a form suitable for publication in compliance with regulatory requirements; TFA
* the ability to analyse financial information and draw business-relevant conclusions; TFA
* sensitivity to potential accounting issues deriving from future developments in business practice and transactions. FA
Transferable/Key Skills
* the ability to manipulate financial data to achieve a specified objective in accordance with rules, regulations and principles. FA
* the ability to communicate relatively complex financial information in a form understandable to users of such information. FA

Content: Business Combinations and Consolidated Financial Statements
Consolidated Balance Sheet
Consolidated Income Statement
Joint Ventures
Economic Concepts of Income: ex ante; ex post & windfalls
Accounting for Changing Price Levels
Cash Flow Accounting
Financial Instruments
Accounting and capital markets.

Programme availability:

MN30315 is Optional on the following programmes:

School of Management
  • UMMN-AFB02 : BSc(Hons) Accounting and Finance (Year 3)
  • UMMN-AKB02 : BSc(Hons) Accounting and Finance with Year long work placement (Year 4)
  • UMMN-ANB01 : BSc(Hons) Business Administration with Thin sandwich placement(s) (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.