Units of Assessment

Weighting Towards Module Mark (%)

 

2 Hour Examination (Closed Book)

70%

1 Hour Class Test (Closed Book)

30%

Alternative Assessment

n/a

Qualifying Condition(s) 

A weighted aggregated mark of 40% is required to pass the module.

Accounting is concerned with measurement and management.  Measurement is concerned with recording past data, and management with the use of that data to make decisions that will benefit the business.

The aim of this module is to:

 ·              Build on students Financial Accounting level 1 studies

 ·              Investigate the methods used to detect errors in accounts

 ·              Introduce accounting procedures for incomplete records

 ·              Prepare manufacturing, partnership and income and expenditure accounts

 ·              Prepare the published financial statements for a single entity together with relevant notes

 ·              Prepare the statement of cash flows

 ·              Calculate financial ratios and interpret accounts

·              Methods used to detect errors in accounts

 ·              Preparation of accounts based on incomplete records

 ·              Preparation of manufacturing, partnership and income and expenditure accounts

 ·              Preparation of the published financial statements for a single entity together with relevant notes

 ·              Preparation of the statement of cash flows

 ·              Calculation of financial ratios and interpret accounts

·              Weekly 2 hour tutorials for students to practice applying the principles

 ·              Support of tutorial material by directed reading and exercises in selected textbooks

 ·              ULearn will be used as an information portal and will contain lecture notes, practical exercises, solutions to practical exercises, past exam papers and class tests and model answers and relevant reading

 ·              Evoting system will be used to provide feedback to students

 Assessment Strategy: Students will attempt questions during tutorials. By seeing the students individually working on their answers and by using eVoting to gather the answers for the group as a whole I will be able to assess on an ongoing basis whether students have reached the required level of understanding. The eVoting results will also highlight to students areas they need to focus on. This should ensure students are appropriately prepared for the class test and final exam.

Essential Reading : A Pearson custom publication to be compiled (based on Frank Wood’s Business Accounting 1and 2)

Background Reading : Institute Journals

Financial Management (CIMA)

Accountancy (ICAEW)

Accountancy and Business (ACCA)