This module introduces the fundamentals of financial accounting incorporating international terminology, accounting standards and accounting regulations.

You will develop skills in processing a wide range of accounting transactions, adjustments and corrections and action these using the process of duality.

You will study the need for, and the methods of calculating non-current asset depreciation, bad debts and provision for doubtful debts.

The importance of qualitative characteristics will be studied and applied to the preparation of true and fair financial statements.

Supporting calculations will include bank reconciliation, VAT returns and control accounts.

Understanding and appreciation of the importance and value of accurate and complete financial statements will be examined further with the interpretation of financial statements using of a range of accounting ratios.

When studied as part of the BA (Hons) Accounting and Finance, BA (Hons) Accounting and Business, Two Year BA (Hons) Accounting and Finance, the successful completion of this module may lead to an exemption from a professional accountancy qualification - for up to date information on accreditation and exemptions please contact the Award Leader.

Wood, F and Sangster A. (2011) Business Accounting, 12th Ed, (IFRS version), Pearson, ISBN13: 9780273759287

Module study guide
The University Library and Learning Resources - books and academic journals
The module VLE
Electronic data bases
Learning support materials
Internet

An ONLINE EXAM 1 weighted at 10%. An ONLINE EXAM 2 weighted at 20%. A PAPER EXAM length 2 HOURS weighted at 70%.

Assessment 1 - This is in two parts and will take the form of two progressive online tests to be undertaken in the first semester or early in the second semester. The first assessment is to encourage early engagement in the module. The second assessment is to test the skills and knowledge acquired in the first semester

i) Online assessment (30 mins)
Week 6 (or close)
20 short online questions
Computational and non computational
LOs 1 & 2 weighted 10%

ii) Online assessment (1 hour)
Week 13 (or close)
20 short online questions
Computational and non
Computational
Los 1, 2, & 3 weighted 20%

Assessment 2
Examination (2 hours)
LOs 1,2,3,4 & 5
Weighted at 70%

You will learn how to record the accounting entries, record entries to t-accounts, prepare trial balance, prepare statement of financial positions and statement of Profit and Loss.

The learning strategy for this module is based around students committing a total of 300 hours of activities towards achieving the learning outcomes. These will be split between 78 hours of direct contact with a tutor and 222 hours of directed, guided and self-study, together with preparation for and completion of the assessment tasks. Learning support material will be provided for the module.
The module will draw upon a mixture of activities including lectures, web-based activities, case study analysis, relevant videos and in-class discussions, individual and group problem solving and self-directed learning.