Gwybodaeth Modiwlau
Course Delivery
Delivery Type | Delivery length / details |
---|---|
Lecture | 18 Hours. per semester |
Seminars / Tutorials | 6 Hours. per semester |
Assessment
Assessment Type | Assessment length / details | Proportion |
---|---|---|
Semester Exam | 3 Hours Unseen written examination | 70% |
Semester Assessment | Class Test | 20% |
Semester Assessment | Coursework | 10% |
Supplementary Exam | 3 Hours Unseen written examination | 100% |
Learning Outcomes
On successful completion of this module students should be able to:
* Describe and explain the conventions which underpin financial accounting
* Describe, compare and contrast the different forms of UK business organisations
* Explain, apply and illustrate and rules by which assets, liabilities, income and expense are determined for insertion into financial accounts
* Describe and evaluate the financial recording procedures followed by organisations
* Interpret a trial balance and thence prepare a set of accounting statements
* Prepare partnership accounts
* Describe, explain, apply, interpret and criticise the common simple methods of financial statement analysis
* Use accounting computer software to record business transactions
Aims
The module also aims to assist the development of a variety of personal transferable skills by encouraging students to:
- Identify and distil key features covered by lectures, tutorials and recommended readings
- Develop basic information accessing and research skills; discriminate between relevant and irrelevant information for the purposes of decision making; analyse data, apply judgement and solve problems
- Communicate effectively both orally and in writing; participate actively in tutorials either by leading discussions or responding to issues raised; and work under pressure and meet deadlines
Brief description
NOTE
This is a compulsory module for first year BScEcon Accounting and Finance (Single, Joint, Major and Minor) and Business Finance students.
For a student to progress to Part 2 and to remain on a single, joint, major or minor Accounting and Finance degree scheme AC11020, AC10710 and AC10510 MUST be passed with a mark of 40 or better for each module.
Content
- Context and purposes of financial reporting in the UK
- Regulatory framework and standars for financial reporting
- Accounting concepts, policies and treatments
- Recording business transactions
- Preparation of financial staments (profit and loss account, balance sheet and cash flow statement)
- Interpretation and analyis of financial statements
- Use of accounting software
Reading List
Recommended TextAttrill, P and McLaney, E (2006) Accounting an Introduction 3rd edition Prentice Hall Primo search Bebbington, J., Gray, R. and Laughlin, R. (2001) Financial Accounting Practice and Principles 3rd edition Thomson Learning Primo search Britton, A and Waterson, C (2006) Financial Accounting 4th edition, Prentice Hall Primo search Thomas, A (2002) Introduction to Financial Accounting 4th edition McGraw-Hill Primo search Weetman, P. (2006) Financial Accounting: An Introduction 4th edition Prentice Hall Primo search Supplementary Text
Davies, T and Boczko, T (2005) Financial Accounting an Introduction McGraw Primo search Gowthorpe, Catherine (2005) Business Accounting and Finance for Non-specialists 2nd edition Thomson Primo search
Notes
This module is at CQFW Level 4