ENG2001 : Accounting, Finance and Law for Engineers

  • Module Leader(s): Prof. Alison Firth
  • Owning School: Newcastle University Business School
Semester 1 Credit Value: 5
Semester 2 Credit Value: 5
ECTS Credits: 5.0


This is an introductory module for engineers that aims to equip students with a basic knowledge of finance, accounting and law so that they understand the functions of their roles in business.

Outline Of Syllabus

(1) Business Structures: individuals, partnerships, companies, forming a company, types of share, listed companies.

(2) Financial Accounting and Company Reporting: financial accounts, annual reports, auditing, companies acts and accounting standards, fundamental concepts, the balance sheet, the income statement, other statements, reading accounts, ratio analysis, case study, valuing companies, depreciation.

(3) Management Accounting: cost/volume/profit analysis, fixed and variable costs, contribution, overheads, absorption costing, Activity Based Costing, standard costing, budgetary control, capital budgeting.

(4) Health and Safety, Environmental and Intellectual Property Law.

(5) Dispute resolution.

(6) Contract Law.

(7) Negligence and liability for defective products.

(8) Legal risk management.

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Scheduled Learning And Teaching ActivitiesLecture125:0025:00N/A
Scheduled Learning And Teaching ActivitiesLecture241:0024:00N/A
Guided Independent StudyDirected research and reading125:0025:00N/A
Guided Independent StudyIndependent study126:0026:00N/A
Teaching Rationale And Relationship

Students' are encouraged read around the lecture material as delivered in the formal lectures.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Description Length Semester When Set Percentage Comment
Written Examination601A50N/A
Written Examination602A50N/A
Assessment Rationale And Relationship

The paper will test, through the use of problem questions, the knowledge, understanding and application of candidates together with an appreciation of business risk management using both accounting and law.

Reading Lists


Disclaimer: The University will use all reasonable endeavours to deliver modules in accordance with the descriptions set out in this catalogue. Every effort has been made to ensure the accuracy of the information, however, the University reserves the right to introduce changes to the information given including the addition, withdrawal or restructuring of modules if it considers such action to be necessary.