A one hour multiple choice online exam (100% of the overall mark) (LO1, 2 & 3)

In this module you will explore:-

• What is money and why does it exist?
• How do we keep track of money and its value?

You will learn the basic principles of business accountancy and you will develop an understanding of the role of money within organisations. The module will start with an exploration of the history of accountancy and sources of money and will continue with:-

-the main users of accounting information
-the various sources of finance available to the different forms of business organisation
-Why accounting is relevant to every form of organisation (eg. profit making/non-profit making, service sector/ manufacturing sector)
-Why good financial planning, budgeting and control are fundamental to us as individuals and in the context of business organisations.

1. Demonstrate an understanding of the purpose of money and the role of accounting for business success. Knowledge, Understanding
Analysis
Learning

2. Demonstrate an understanding of what and how financial information is used for decision making in the context of business.
Knowledge & Understanding
Analysis
Learning
Problem Solving

3. Demonstrate and understanding of how budgets inform planning, communication, coordination and motivation within business.
Reflection
Knowledge & Understanding,
Analysis
Learning

Students will engage in a variety of learning forums including:
Tutor-led formal presentations and group-based tutorials. There will also be a technology supported guided learning programme via the VLE. Learning will be active utilising problem based learning to help students develop knowledge, problem solving skills, teamwork and independent learning skills.

Blackboard,
Library, including electronic resources,
Computer with internet connection and appropriate software.

Indicative Textbooks:
Callaghan, G., Fribbance, I. & Higginson, M. (eds.). (2011). Personal Finance. 2nd Ed. Wiley.

Wood, F. & Sangster, A. (2011). Business Accounting 1. FT/Prentice Hall.