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Introduction to Accounting and Finance

Module titleIntroduction to Accounting and Finance
Module codeINT0006
Academic year2021/2
Module staff

Emdad Aziz (Lecturer)

Emdad Aziz (Convenor)

Duration: Term123
Duration: Weeks



Number students taking module (anticipated)


Description - summary of the module content

Module description

Accounting, which is concerned with collecting, analysing and communicating financial information, is a key function in any organisation as it informs decision making. All business managers should have a working knowledge of financial reporting and an understanding of the basic techniques of management accounting. This module, which introduces students to the key financial statements and how to complete and interpret them, will cover concepts that enable students to understand and evaluate the financial performance and position of a business.

For this module there is neither a requirement for prior knowledge of accounting and finance, nor pre-requisite  or co-requisites.    

Module aims - intentions of the module

The aim of the module is to give the student an introduction to financial and management accounting. It outlines some of the basic accounting concepts and procedures used in the preparation of financial statements as well as some of those used in management accounting.

Financial terminology in English will be presented and practised through listening, reading, speaking and writing.

Intended Learning Outcomes (ILOs)

ILO: Module-specific skills

On successfully completing the module you will be able to...

  • 1. Demonstrate a basic awareness of the fundamental concepts and principles of accounting in the preparation of financial and management accounts
  • 2. Produce simple financial statements for a business entity
  • 3. Use appropriate budgeting and costing techniques to analyse a business situation and make a reasoned decision
  • 4. Use ratios to analyse and interpret financial information
  • 5. Demonstrate a knowledge of basic financial terminology when analysing a business situation

ILO: Discipline-specific skills

On successfully completing the module you will be able to...

  • 6. With guidance, analyse, synthesise and present appropriate information to assist with decision making
  • 7. Evaluate different approaches and procedures and apply them to practical situations

ILO: Personal and key skills

On successfully completing the module you will be able to...

    Syllabus plan

    Syllabus plan

    • Introduction to accounting
    • Introduction to book keeping
    • Preparation of financial statements using accounting conventions
    • Analysing and interpreting financial reports
    • Examining different costing techniques
    • Budgeting
    • Capital investment appraisal
    • Short-term and long-term financing
    • Understanding the limitations of financial techniques

    Learning and teaching

    Learning activities and teaching methods (given in hours of study time)

    Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad

    Details of learning activities and teaching methods

    CategoryHours of study timeDescription
    Scheduled Learning and Teaching Activities (synchronous)40Lecture (synchronous), Seminars - these will be teacher led. You should prepare for each seminar based on the related lecture.
    Formative Assessed Activities (synchronous)20Working on problem-solving activities, business case studies and online activities
    Guided independent study140ELE resources consisting of concept & language resources, news articles


    Formative assessment

    Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
    Class tests and activities1-2 hours1-7Written comments at the following tutorial session

    Summative assessment (% of credit)

    CourseworkWritten examsPractical exams

    Details of summative assessment

    Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
    Individual report401800 words4-6Marks, examiner report, individual feedback on request
    Written Examination (open book)602 hours, online1-3, 5, 7Performance outcomes


    Details of re-assessment (where required by referral or deferral)

    Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
    Written Examination (open book)Written Examination (open book, 4 hours, online)1-7Next assessment opportunity

    Re-assessment notes

    Deferral – if you miss an assessment for reasons judged legitimate by the Mitigation Committee, the applicable assessment will normally be deferred. See ‘Details of reassessment’ for the form that assessment usually takes. When deferral occurs there is ordinarily no change to the overall weighting of that assessment.

    Referral – if you have failed the module overall (i.e. a final overall module mark of less than 40%) you will be required to take a re-sit exam. Only your performance in this exam will count towards your final module grade. A grade of 40% will be awarded if the examination is passed.


    Indicative learning resources - Basic reading

    Basic reading:

    Accounting: A Smart Approach (3rd Edition)

    Carey, Knowles & Towers Clark (OUP)

    Module has an active ELE page

    Indicative learning resources - Other resources

    Company annual reports

    Class hand-outs and activities

    Online resources

    Key words search

    Accounting and Finance

    Credit value20
    Module ECTS


    Module pre-requisites


    Module co-requisites


    NQF level (module)


    Available as distance learning?


    Origin date


    Last revision date