School of Business and Management

BUSM070 Accounting for Business Models


1 (2017/18)



Module organiser

Professor Colin Haslam

Module overview

This module conceptualizes business models within an accounting framework. There are three significant parts to this module. how we can structure business models, designate business models with a sense of financial purpose (liquidity, solvency and capitalization) and finally evaluate performance and outcomes. These financial objectives are explored and evaluated using accounting data for a range of business model types for example, banking, private equity and bio-pharma and 3rd /public sector organizations.


40% coursework and 60% examination

Indicative reading list

  • Bezemer, D.J. (2010) ‘Understanding financial crisis through accounting models’ Accounting Organisations and Society, 35(7):676-688
  • CFA Institute (2005) A comprehensive business reporting model: Financial reporting for investors, CFA Institute.
  • Cox, B (1978) Value Added - An application for the accountant concerned with industry, Heinemann, London.
  • Feng, H., J.Froud., S.Johal., C.Haslam and K.Williams. (2001) ‘A new business model? The capital market and the New Economy’. Economy and Society, 30(4): 467 – 503.
  • Haslam, C., P. Gleadle and N.Tsitsianis (2011) UK Bio-pharma: Innovation, reinvention and capital at risk, Institute of Chartered Accountants Scotland (ICAS).
  • Haslam,C., Andersson, T., Tistisianis, N., and Yin, Y.P (2012) Redefining Business Models: Strategies in a Financialized World, Routledge
  • Magretta, J (2002) ‘Why Business Models Matter’ Harvard Business Review, May.
  • Osterwalder, A.,Y.Pigneur and C.L.Tucci (2005) Clarifying business models: origins, present and future of the concept, University of Lausanne &