Module content

The first part of the module provides an introduction to financial accounting. The module takes a balanced approach across the economic environment in which financial statements are prepared and used, the measurement principles underlying the performance metrics constructed from the statements, and the mechanical processes leading to the preparation and analysis of the statements. Module sessions will be interactive and involve a combination of lecture, case discussion with an emphasis on real-world financial reports. The knowledge gained in this module will enable you to read, interpret, and analyze financial statements. The second part of the module covers Concepts and issues associated with the accounting of and management of business; particular emphasis is given to understanding the role of accounting in product costing, costing for quality, cost-justifying investment decisions, and performance evaluation and control of human behavior. Module enables you to prepare, use, and critically evaluate management accounting information for purposes of planning and control, product costing, and performance measurement and evaluation. It also analyzes the role of accounting information in making effective managerial decisions, both at the level of a particular department and of the enterprise as a whole. There are no formal pre-requisites for students enrolled to this module.

Module title

Financial and Managerial Accounting

Module status






Number of hours:

60 [(L+E+S) = 40 + 0 + 20 ]

L= lectures; S= seminars; E= exercises;


Module tag



Drake, D., Engel, E., Hirst, E., McAnally, M. (2015): Cases in Financial Reporting (selected cases)
Allen, B., Brownlee, E., Haskins, M., Lynch, L. (2010): Cases in Managerial and Cost Accounting (selected cases)

Supplementary literature

Stice E. and Stice J. (2017): Corporate Financial Reporting for MBA’s
Stice E. and Stice J. (2006): Financial Accounting, 9th edition
Libby R., Libby P. and Short D. (2011): Financial Accounting, 7th edition
Hilton, Ronald W. (2011): Managerial Accounting, 9th edition
Horngren, Datar, and Foster (2003): Cost Accounting