Welcome to Understanding

Business & Financial

Information (UBFI)
Module Leader: Michal Bobula

Michal2.Bobula@uwe.ac.uk
Virtual office hours 10am every Tuesday.
 Aims and objectives
• Module Information (reminder) a quick
reminder
• What is Accounting?
• Business forms
• Who uses accounting information?
• Agency Theory
• What qualities should accounting information
have?
• Accounting Standards
 Module Information
Lectorials:
Two lectorials per week. One pre-recorded and one on campus. The recordings
will be made available every Monday and you should watch them before your
tutorial in the following week.
On campus sessions will require you to have access to the slides which are
available through Blackboard.

Tutorials
Similar to the workshop sessions but in smaller groups and hopefully with more
opportunity for small group work and discussion.

On-line resources:
Blackboard contains all the information for the course. Lecture and tutorial
information will be available as required. The answers to the workbook
questions will appear the week after the session. In addition interactive
activities will be available to help you.
 Learning Outcomes
• Broadly:
o Introduce you to the language of accounting
o Introduce you to the organisation and structure of business entities and the
constraints in which they operate
o Help you understand the role of accounting and the accountant
o Prepare basic financial statements (main focus of first six weeks)
o Introduce you to ratio analysis and the interpretation of accounting statements
(main focus of weeks 7-9)
o Other contents of the annual report
o Sources of finance
 Module Information
Brief summary
• Study unit 1 – general background to business entities
and users, the role of financial information and
preparation of basic accounting reports

• Study unit 2 – preparation of forecast statements and

combination of financial statements

• Study unit 3 – interpretation of accounting information

• Study unit 4- Strategic reporting, sources of finances

 Assessment A – After Study
Unit 2
You will prepare:
o Cash flow forecast
o Income Statement forecast
o Statement of Financial Position forecast
Worth 25% of the module
Online Test (sometimes called the DEWIS assignment)
Deadline 14th
of December
Two attempts allowed
Two weeks window
Immediate feedback provided
 Assessment B – After Study
Unit 4
Two elements, all questions are compulsory, January
2022.
Questions cover ALL study units.

Element B – Mix of calculations, interpretation and

other narrative questions, worth 60 marks

Online Exam – prepare in advance