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 or business.

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 capital investment

PROGRAMME SPECIFICATIONS

Learning Outcomes

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

 


Explain the purpose of an Income Statement.


Interpret a Statement of Financial Position (Balance Sheet)


Prepare a simple set of financial reports 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

Class contact time will be two hours per week. 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 Individual Mid - Course Coursework test (50%)
and an Individual End of Course Coursework test (50%).

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Compulsory

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Date
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