Module Descriptors
INTRODUCTION TO BUSINESS ACCOUNTING
ACCT40282
Key Facts
Digital, Technology, Innovation and Business
Level 4
15 credits
Contact
Leader: Paul Dobson
Email: Paul.Dobson@staffs.ac.uk
Hours of Study
Scheduled Learning and Teaching Activities: 39
Independent Study Hours: 111
Total Learning Hours: 150
Assessment
- CLASS-TEST weighted at 100%
Module Details
ADDITIONAL ASSESSMENT DETAILS
One 1 hour class test 100% - Assesses All Learning Outcomes
INDICATIVE CONTENT
Study the role of the accounting function in Business management and control
Using accounting records to prepare the following statements:
Trial balance
Trading and profit and loss account
Balance sheet
Cash Flow
The above statements will be carried out in the context of various types of trading and manufacturing businesses which will cover sole traders and limited companies as different forms of business organisations.
A study of the regulatory environment as it affects financial accounting and reporting.
A study of key accounting concepts.
It will also examine the analysis and interpretation of accounts using appropriate financial techniques.
Using accounting records to prepare the following statements:
Trial balance
Trading and profit and loss account
Balance sheet
Cash Flow
The above statements will be carried out in the context of various types of trading and manufacturing businesses which will cover sole traders and limited companies as different forms of business organisations.
A study of the regulatory environment as it affects financial accounting and reporting.
A study of key accounting concepts.
It will also examine the analysis and interpretation of accounts using appropriate financial techniques.
LEARNING OUTCOMES
1. DEMONSTRATE KNOWLEDGE AND UNDERSTANDING OF CONCEPTS, PRINCIPLES AND TECHNIQUES OF ACCOUNTING
Knowledge & Understanding
2. APPLY APPROPRIATE ACCOUNTING AND FINANCIAL TECHNIQUES IN THE PREPARATION, INTERPRETATION AND PRESENTATION OF FINANCIAL STATEMENTS
Knowledge & Understanding
3. APPLY FINANCIAL TECHNIQUES FOR MANAGEMENT DECISION MAKING AND CONTROL IN THE SHORT, MEDIUM AND LONG TERM
Analysis
Application
Reflection
Knowledge & Understanding
2. APPLY APPROPRIATE ACCOUNTING AND FINANCIAL TECHNIQUES IN THE PREPARATION, INTERPRETATION AND PRESENTATION OF FINANCIAL STATEMENTS
Knowledge & Understanding
3. APPLY FINANCIAL TECHNIQUES FOR MANAGEMENT DECISION MAKING AND CONTROL IN THE SHORT, MEDIUM AND LONG TERM
Analysis
Application
Reflection
RESOURCES
Library learning resources
The Module website
The Module website
SPECIAL ADMISSIONS REQUIREMENTS
FOR INTERNATIONAL COLLABORATIVE PARTNERS ONLY
TEXTS
Evans D."A student's guide to Corporate Finance and Financial Management". Kaplan publishing.2011`
Atrill, P. and McLaney, E. (2013) Accounting and Finance for Non-Specialists. FT: Prentice Hall.
Atrill, P. and McLaney, E. (2013) Accounting and Finance for Non-Specialists. FT: Prentice Hall.
Learning Strategies
The learning strategy for this module is based around students committing a total of 150 hours of activities towards achieving the learning outcomes. These will be split between 39 hours of direct contact with a tutor and 111 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.
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.