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ACC-10003 - Module Specification
Keele Business School
Faculty of Humanities and Social Sciences

For academic year: 2025/26 Last Updated: 04 December 2025

ACC-10003 - Principles of Financial and Management Accounting
Coordinator: Thanamas Kungwal Tel: +44 1782 7 34264
Lecture Time: See Timetable...
Level: Level 4
Credits: 30
Study Hours: 300
School Office: 01782 733094

Programme/Approved Electives for 2025/26

None

Available as a Free Standing Elective

No

Co-requisites

None

Prerequisites

N/A

Barred Combinations

N/A

Description for 2025/26

This module offers comprehensive fundamental concepts and key techniques of accounting. An introduction to Financial Accounting will start with double-entry bookkeeping and the preparation of an initial trial balance and progress to basic financial statements such as the Statement of Profit or Loss, the Statement of Financial Position, and the Statement of Cash Flows. This module will also include an introduction to Management Accounting and the preparation of key costing methods and workings.
By the end of the module, students should be able to develop knowledge and understanding of basic principles of accounting in the disciplines of both financial accounting and management accounting.

Aims
This module aims to explain key terms, fundamental concepts and key techniques of accounting and develop knowledge and understanding of basic principles of accounting in the disciplines of financial and management accounting.

Intended Learning Outcomes

explain the fundamental concepts of financial accounting and management accounting.: 1,2
prepare principal financial statements for a business organisation.: 1
interpret the company’s financial performance using ratio analysis techniques.: 1
employ key aspects of the regulatory framework to financial reporting.: 1
apply the principles of management and cost accounting techniques to relevant practical situations.: 2
discuss the importance and limitations of both financial and management and cost accounting techniques.: 1,2

Study hours

Scheduled Learning and Teaching Activities: 48 hours
-Lectures/Interactive sessions: 36 hours
-Tutorials sessions: 12 hours
Guided Independent Study Total: 252 hours
-Directed reading and research: 96
-Lectures and tutorial preparation: 48
-Assessment preparation: 104
-Mid-term assessment:2
-Final examination: 2

School Rules

None

Description of Module Assessment

1: Exam weighted 50%
2 Hours In-Class Computer-Based Test
Students will undertake a 120-minute (2-hour) computer-based exam, which will be invigilated and conducted in person. This exam will assess their understanding of fundamental concepts in financial accounting. Additionally, the exam will evaluate students’ ability to discuss the importance and limitations of financial accounting techniques. This assessment is designed to comprehensively test both theoretical knowledge and practical application, ensuring students demonstrate a well-rounded understanding of the module content.

2: Exam weighted 50%
2 Hours In-Class Computer-Based Test
Students will undertake a 120-minute (2-hour) computer-based exam, which will be invigilated and conducted in person. This exam will assess their understanding of fundamental concepts in management accounting, as well as their ability to apply the principles of management and cost accounting techniques to practical situations. Additionally, the exam will evaluate students’ ability to discuss the importance and limitations of cost and management accounting techniques. This assessment is designed to comprehensively test both theoretical knowledge and practical application, ensuring students demonstrate a well-rounded understanding of the module content.

The University undertakes a continuous review of its teaching and research provision to ensure programmes are of a high quality and changes may be made to modules where it is necessary and reasonable to do so. Please be aware that minor changes to modules, such as a change to an individual assessment, can occur up until enrolment, although we endeavour to give you as much notice as possible of any changes. Details about the circumstance in which changes are made to programmes can be found in the Student Agreement, available at: https://www.keele.ac.uk/legalgovernancecompliance/governance/actcharterstatutesordinancesandregulations/studenttermsconditions/

Last Updated: 04 December 2025