| Code | ACC101 |
| School | EBSL |
| Module Level | 1 |
| Module Code | ACC101 |
| Class | GE|EL|MA|MI| |
| Availability | DE|SA| |
| Semester | 1 |
| Credits | 12 |
| ECTS Credits | 6 |
| Contact Hours | 48 |
| Self Study Hours | 72 |
| Course Aims | The module is designed to help students understand and appreciate financial accounting. The key financial statements that are used by managers and shareholders to make informed decisions will be explored in detail. And as an introductory financial accounting module no prior background in accounting and/or finance is required. |
| Course Content | Accounting - the Language of Business
The Balance Sheet
The Profit & Loss Account
Accounting Framework and Concepts
Financial Ratio Analysis - Introduction
The Double Entry System - Introduction
Adjustments
The Cash Flow Statement
Preparation of P&L and BS from Trial Balance - I
Preparation of P&L and BS from Trial Balance - II
Financial Ratio Analysis - Practical Example
Core Skills ContentThis module will enable students to develop the following skills:
Numerical Skills:
How to compute, process and present financial accounting data.
Analytical Skills:
How to analyse and make financial accounting decisions.
Application Skills:
How do we apply financial accounting information in real-life business situations? And what are the techniques that we use in the interpretation of financial accounting data?
Theoretical Skills:
What are the technical terms used in financial accounting and the rules that are applied in the preparation of financial statements?
By studying this module students will also improve their spreadsheet skills by using Excel. |
| Learning Outcomes | A1, B2, B3, C1, C5, C8, D3 |
| Presentation | The teaching/learning strategy for this module has been designed to ensure that the programme level learning outcomes outlined above will be acquired. The Delivery of this module will draw upon two main different learning approaches: Lectures and Seminars. In terms of importance, the lectures and seminars are equally important for success in this module. |
| Reading Recommended | Alexander D. and Nobes, C. (2004) Financial Accounting: An International Introduction, 2nd Edition, Prentice Hall.
Dyson, J.R. (2004) Accounting for Non-Accounting Students, 6th Edition, Pearson Education Limited. |
| Reading Required | Britton A. and Waterston, C. (2003) Financial Accounting 4th Edition Essex: Pearson Education Limited. |
| Asseseement Methods | Group Presentation/Attendance, Mid-Term Test and Final Exam |