Module code: ECO2055

Module Overview

The module examines the processes which underlie the preparation of the financial statements of listed companies in the UK and Europe which are the main source of financial information available to external stakeholders, and the assessment of an organisation’s performance through analysis and interpretation of its financial statements.

Module provider


Module Leader

GOLSON Eric (Economics)

Number of Credits: 15

ECTS Credits: 7.5

Framework: FHEQ Level 5

Module cap (Maximum number of students): N/A

Overall student workload

Independent Learning Hours: 76

Lecture Hours: 10

Seminar Hours: 20

Guided Learning: 34

Captured Content: 10

Module Availability

Semester 2

Prerequisites / Co-requisites


Module content

Indicative content includes:

  • Overview: Financial Position Statement / Income Statement and the underlying transactions which create them.

  • Accounting framework: accounting concepts and conventions, accounting standards; valuation

  • Evaluation of results: performance analysis tools; cash flow statements

Assessment pattern

Assessment type Unit of assessment Weighting
School-timetabled exam/test MIDTERM TEST (1 HR) 30
Examination FINAL EXAM (120 MIN) 70

Alternative Assessment

Not applicable

Assessment Strategy

The assessment strategy is designed to provide students with the opportunity to demonstrate

  • Their knowledge of the accounting framework and how basic transactions would be reflected in the financial statements,

  • Their ability to use the performance analysis tools and evaluate the results shown in a listed company financial report.

Thus, the summative assessment for this module consists of:

  • A midterm test that assesses students’ understanding of the accounting framework and how basic transactions would be reflected in the financial statements.

  • A final term examination covering all course materials.

Formative assessment and feedback

  • Students will receive verbal feedback during lectures through direct questioning, also from class exercises which will challenge their understanding of the building blocks,

  • Class exercises and indicative questions given before the test, will be the basis of the midterm test – students will be encouraged to research these and ask questions.

Module aims

  • Learn the main principles of financial accounting.
  • Understand financial statements.
  • Preparation of financial statements.
  • Learn financial performance indicators and ratios.

Learning outcomes

Attributes Developed
001 Interpret financial statements. CPT
002 Explain the function and features of the main financial statements. KP
003 Identify the basic transactions which impact assets or liabilities. KP
004 Understand and discuss performance indicators and ratios. CP

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Methods of Teaching / Learning

The learning and teaching strategy is designed to:

  • Enhance skills in information processing, evaluation and written and verbal presentation,

  • Appreciate the complexities of a framework designed to maintain clarity, consistency and comparability in financial reporting in the UK and Europe.

The learning and teaching methods include:

  • Lecture/seminars including illustrative practical exercises 

Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.

Reading list
Upon accessing the reading list, please search for the module using the module code: ECO2055

Other information

The School of Economics is committed to developing graduates with strengths in Employability, Digital Capabilities, Global and Cultural Capabilities, Sustainability, and Resourcefulness and Resilience. This module is designed to allow students to develop knowledge, skills, and capabilities particularly in the following areas:

The module is designed to give fundamental knowledge in accounting and understanding of business decision-making. Completing this module will help students in their future careers.

Resourcefulness and resilience: 
Students will learn how to understand and interpret financial statements. They will be able to undertake a basic financial analysis of any organisation upon completion of the module.

Global and Cultural Intelligence:
The module is based on IFRS, fundamental accounting principles and standards. Students will be able to analyse financial statements of entity from most countries by the end of the module.

Programmes this module appears in

Programme Semester Classification Qualifying conditions
Business Economics BSc (Hons) 2 Compulsory A weighted aggregate mark of 40% is required to pass the module
Economics and Finance BSc (Hons) 2 Compulsory A weighted aggregate mark of 40% is required to pass the module

Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2024/5 academic year.