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| Module Availability |
Spring |
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| Assessment Pattern |
The assessment strategy is designed to use the coursework to develop the students' understanding of the regulatory framework, and to make the examination and class test a means of testing practical application.
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Unit(s) of Assessment
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Weighting Towards Module Mark (%)
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Team coursework assignment
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20
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45 min closed-book class test
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20
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2 hour closed-book examination
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60
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Qualifying Condition(s)
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In order to achieve the threshold standard for the award of credits for this module, the student must meet the following criteria related to the learning outcomes described above:
Be able to communicate with, work with, and help team members.
Show a critical understanding of the principles
Be able to apply the principles to produce the financial statements and interpret those statements.
Understand the structure and purpose of the regulatory framework surrounding financial accounting.
Understand how different types of company structures are financed. |
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| Module Overview |
This module is designed to give students a practical study of the basic principles of financial accounting. To enable them to understand and use data from accounting systems that will be presented to employees working in all business functions. |
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| Prerequisites/Co-requisites |
| None |
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| Module Aims |
The key aim of this module is to enable students to understand the how and why of recording, preparing and interpreting financial information. |
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| Learning Outcomes |
Record transactions using double-entry book-keeping.
Understand the structure of an accounting system and ledgers.
Balance accounts and extract a trial balance.
Prepare a profit & loss account and a balance sheet from a trial balance.
Interpret financial statements with regard to solvency, profitability and working capital management.
Understand the regulatory framework that surrounds financial accounting.
Understand how different types of company structure are financed.
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| Module Content |
Double entry book-keeping
Trial balances
Structure of accounting systems
Fixed assets and depreciation
Profit & loss accounts
Balance Sheets
Cash flow statements
Interpretation of accounts |
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| Methods of Teaching/Learning |
The teaching and learning strategy is designed to allow a student to come to grips with what is essentially a subject mix of theory and practice.
Lectures to illustrate the principles
Regular tutorials on a weekly basis (tutors are available for answering questions from the students)
Numerous practical exercises to test students understanding on an ongoing basis
Team based coursework
Making lecture handouts available to students
Support of lecture material by directed reading in selected textbooks |
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| Selected Texts/Journals |
Expected purchase:
David Cox (latest edition), Business Accounts, Osborne Books ISBN 1-872962-63-7
Recommended:
Atrill, P. and McLaney, E. Financial accounting, 4th edition, FT Prentice Hall
Other Indicative
Reading
Articles and other material from the financial pages of newspapers and journals such as:
The Economist
Financial Times
The Business
Fortune |
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| Last Updated |
10.03.2008 |
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