Module Database Search

Module Title
Financial Management

Consolidated group financial statements, recognition, measurement, analysis, current developments

SCQF Points30
ECTS Points15
CreatedAugust 2010
ApprovedJanuary 2011
Version No.1

Prerequisites for Module

To have passed the relevant first and second year modules or equivalent.

Corequisite Modules


Precluded Modules


Aims of Module

To prepare, analyse and interpret consolidated financial statements. To discuss and apply relevant issues within complex areas of financial accounting.

Learning Outcomes for Module

On completion of this module, students are expected to be able to:

1. Prepare single company and group consolidated financial statements.
2. Explain the principles of accounting for capital schemes and foreign exchange rate changes.
3. Discuss accounting principles considering their relevance to contemporary accounting issues and discuss and evaluate developments in financial and non-financial reporting.
4. Produce a ratio analysis from financial statements and evaluate performance and position.
5. Produce clear and concise written communication through coursework activities.

Indicative Module Content

Group financial statements – group consolidated financial statements, minority interest, joint venture, capital reconstruction, foreign currency, foreign investment.
Issues in recognition and measurement – asset valuation, substance over form, financial instruments, pension scheme valuation.
Analysis and interpretation of financial accounts – ratio analysis, segmental analysis, limitations of analysis.
Developments in external reporting.

Indicative Student Workload

Contact Hours

Distance Learning
Virtual tutorials and workshops

Directed Study

Assessment preparation
Directed question practice
Directed research and reading

Private Study

Private study

Mode of Delivery

The mode of delivery is Distance Learning - with a focus on the use of interactive online activities such as forums and chat rooms.

Assessment Plan

Learning Outcomes Assessed
Component 1 1,2,3,4
Component 2 3,4,5

Component two consists of a range of assessment types (20%).

Component one is the CIMA management level exam (80%).

Indicative Bibliography

1.Core module material provided, includes material from, published by CIMA and Elsevier.
2.ATRILL, P., 2009. Financial management for decision makers. 5th ed. Harlow: FT/Prentice Hall. (ebook)
3.ELLIOTT, B. and ELLIOTT, J., 2009. Financial accounting and reporting. 13th ed. Harlow: FT/Prentice Hall.(ebook)
4.Guided and timely sources of literature available from the University library according to the subject matter under consideration.

Robert Gordon University, Garthdee House, Aberdeen, AB10 7QB, Scotland, UK: a Scottish charity, registration No. SC013781