Introduction to Accounting and Finance

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MODULE CODE

AC1500

CREDIT VALUE

10 ECTS (20 UK CREDITS)

DELIVERY

Semesters 1&2
Introduction to Accounting and Finance

Module Aims

Aim 1


The module aims to provide an introduction to the basic principles and practice of accounting and finance. It assumes no prior knowledge of accounting nor finance.

Introduction to Accounting and Finance

Module Content

Financial accounts:
Recording data, sole trader accounts, service and merchandising company accounts.
Management accounting:
Purpose; nature of costs; basic costing approaches; cost-volume-profit analysis; budgeting.
Finance:
Introduction to Basic Finance and Capital Investment Concepts

PROGRAMME SPECIFICATIONS

Learning Outcomes

On successful completion of this module, a student will be able to:

 


Develop an understanding of fundamental finance concepts, including the time value of money, the risk-return trade-off, and the role of financial markets in investment and financing decisions.


Learn how organizations make investment, financing, and dividend decisions to achieve financial goals.


Prepare and interpret a simple set of financial reports (Balance Sheet and Income Statement) from basic data provided.


Use costing approaches to assist decision making.


Demonstrate an understanding of basic investment (non-DCF) appraisal methods.

Introduction to Accounting and Finance

Teaching Methods

The teaching and learning strategy adopted in this module assumes that students have no prior knowledge of the subject matter and limited experience of academic work. This module consists of a mixture of lecture, class-based discussion, and a range of exercises of both academic and real-world examples. Material will be presented through a mixture of lectures and small group seminars. The lecture will introduce the student to some ideas and demonstrate how to tackle problems; the seminars will reinforce the lecture material by providing an opportunity to try ‘problem-solving exercises’ with the aid of a member of staff to provide assistance and discussion as required.

Introduction to Accounting and Finance

Assessment Methods

This module is assessed through an In-class test (30%) and an Exam (70%).

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Date
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