This paper revises the five-parameter model, an approach that contributes the fundamental knowledge on performing accurate mathematical modelling for most of the commercially-available photovoltaic cells. However, such model can be further improved in order to increase the modelling accuracy while reducing the required modelling parameters at the same time. Improvement is made through formula derivation for photo-generated current and diode saturation current, while the remaining parameters (series resistance, shunt resistance, and diode ideality factor) remained un-managed for the parameterisation procedure. The derivations presented in this paper are direct, yet such procedures are frequently overlooked by others. The comparison between conventional and proposed modelling methods is presented. The methodology of this work is presented through MATLAB script demonstrated on the measured field data for 70W mono and poly-crystalline silicon photovoltaic modules. The performed methodology justifies that formula derivation can be applied for photo-generated and diode saturation current parameters that originated from five-parameter model. Such approach simplifies the works of parameterising the theoretical model matches with the experimental I-V curve. Generally, the work of this paper contributes to the mathematical modelling of photovoltaic module, simulation of experimental I-V curve result, and interactive education tool.