Unit information: Introduction to Accounting in 2018/19

Unit name	Introduction to Accounting
Unit code	ACCG10052
Credit points	20
Level of study	C/4
Teaching block(s)	Teaching Block 2 (weeks 13 - 24)
Unit director	Mr. Ken Delaney-Moore
Open unit status	Not open
Pre-requisites	Grade A in GCSE Mathematics.
Co-requisites	None
School/department	School of Accounting and Finance - Business School
Faculty	Faculty of Social Sciences and Law

Description including Unit Aims

The first half of the course provides an introduction to the meaning and uses of information generated by external financial reporting, preparation and analysis of accounts and evaluation of the financial well-being of a business.

The second half of the course provides an introduction to the production and uses of financial information for the internal management of a business. By the end of the unit participants should be able to apply and comment on a range of techniques for product costing, control and investment appraisal.

Intended Learning Outcomes

On completion of the unit students should be able to:

• Understand the meaning and uses of financial information.
• Prepare Financial Statements (Statement of Financial Position, Income Statement and Statement of Cash Flows) and any related statements.
• Analyse accounts and to comment on the financial well being of an organisation.
• Understand the types of information that internal management need to run a business.
• Understand and prepare product costings.
• Prepare budgets.
• Understand and analyse financial management and investment decisions

Teaching Information

• 20 one-hour lectures
• 10 one-hour exercise lectures
• 10 one-hour classes

Assessment Information

Summative:

• 100% on 3 hour written exam at the end of the relevant teaching block.

Formative:

• Classes: worked exercises
• Exercise Lectures: worked exercises

All learning objectives are assessed by both summative and formative assessment

Reading and References

McLaney, E. and P. Atrill: Accounting and Finance, an Introduction, latest edition (Pearson)