Financial Accounting - ACCT3000

Looking for a different module?

Module delivery information

Location Term Level1 Credits (ECTS)2 Current Convenor3 2024 to 2025
Combined Autumn and Spring Terms 4 30 (15) Godfred Afrifa checkmark-circle


The business environment is constantly changing because of technological improvements, stakeholder expectations, high competition and other pressures. Given these constant changes, how can financial accounting help managers create budgets, improve efficiency and develop short-term and long-term strategies to stay competitive? Study the core principles, concepts and policies, and the necessary adjustments that underpin the preparation of final financial statements of sole traders, partnerships and limited liability companies.


Contact hours

Total contact hours: 65
Private study hours: 235
Total study hours: 300

Method of assessment

Main assessment methods:
Exam, 3 hours (70%)
Essay of 1000 words (10%)
VLE Test 1 (10%)
VLE Test 2 (10%)

Reassessment method:
100% examination

Indicative reading

Thomas, A & Ward, A. (2019) Introduction to Financial Accounting, London: McGraw Hill Education, ISBN: 9781526803009

Kaplan Publishing (2020) ACCA Financial Accounting (FA), Kaplan Publishing, Wokingham, Berks, ISBN: 9781787406131

Benedict, A & Elliot, B (2011) Financial Accounting an Introduction, Harlow: Prentice Hall, ISBN: 9780273688853

See the library reading list for this module (Canterbury)

See the library reading list for this module (Medway)

Learning outcomes

The intended subject specific learning outcomes.
On successfully completing the module students will be able to:
- identify the professional and regulatory environments within which financial statements are prepared.
- define the conceptual framework underpinning the preparation of financial statements.
- manipulate financial data and analyse financial performance.
- record and summarise economic events through double entry bookkeeping and prepare financial statements.

The intended generic learning outcomes.
On successfully completing the module students will be able to:
- exercise independent and self-managed learning.
- communicate effectively to a variety of audiences and/or using a variety of methods.
- critically evaluate arguments and evidence.
- retrieve information from a variety of sources.


  1. Credit level 4. Certificate level module usually taken in the first stage of an undergraduate degree.
  2. ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
  3. The named convenor is the convenor for the current academic session.
Back to top

University of Kent makes every effort to ensure that module information is accurate for the relevant academic session and to provide educational services as described. However, courses, services and other matters may be subject to change. Please read our full disclaimer.