Description
Accounting and Finance
| Module title | Accounting and Finance |
|---|---|
| Module code | INT0058 |
| Academic year | 2021/2 |
| Credits | 30 |
| Module staff | Emdad Aziz (Convenor) |
| Duration: Term | 1 | 2 | 3 |
|---|---|---|---|
| Duration: Weeks | 13 | 13 |
Description - summary of the module content
Module description
This accounting module provides an introduction to financial and management accounting techniques. You are supported to analyse accounting information to inform financial decisions. This module provides an introduction to accounting that may be used as a basis for further study or to help you to understand accounting terminology and techniques that will be very useful in any business related studies.
Module aims - intentions of the module
The aim of this module is to provide an introduction to fundamental financial and management accounting approaches. You will be supported to apply knowledge to analyse accounting information of businesses.
Intended Learning Outcomes (ILOs)
ILO: Module-specific skills
On successfully completing the module you will be able to...
- 1. Demonstrate a basic awareness of fundamental concepts and principles of financial accounting and the information needs of stakeholders
- 2. Preparation of basic financial statements, with adjustments for business entities with awareness of the financial accounting regulatory framework
- 3. Use management accounting techniques to inform short term decision making
- 4. Use management accounting techniques to inform long term decision making
- 5. Analyse and interpret financial information using ratios
- 6. Demonstrate understanding of sources of finance, capital structure and investment decision making
- 7. Be aware of the limitations of accounting techniques
ILO: Discipline-specific skills
On successfully completing the module you will be able to...
- 8. With guidance, analyse, synthesise financial information
ILO: Personal and key skills
On successfully completing the module you will be able to...
- 9. Developing confidence with numerical procedures in solving accounting problems
- 10. Communicating information effectively using written communication to meet user needs
Syllabus plan
Syllabus plan
Introduction to financial and management accounting and stakeholder interests
Financial accounting – accounting concepts and the regulatory framework
Financial accounting – collecting, recording and reporting financial information and the preparation of financial statements with adjustments
Finance – analysing financial statements
Finance – identify sources of finance, capital structure and investment decision making
Management accounting – Costing techniques
Management accounting – using costing techniques for short term decision making
Management accounting – using costing techniques for long term decision making
Considering the limitations of accounting techniques and information and the importance of non-financial factors in decision making
Learning and teaching
Learning activities and teaching methods (given in hours of study time)
| Scheduled Learning and Teaching Activities | Guided independent study | Placement / study abroad |
|---|---|---|
| 90 | 210 | 0 |
Details of learning activities and teaching methods
| Category | Hours of study time | Description |
|---|---|---|
| Scheduled Learning and Teaching Activities (Synchronous) | 60 | Lecture (synchronous); Seminars - these will be teacher led. You should prepare for each seminar based on the related lecture |
| Formative Assessed Activities (Asynchronous) | 30 | Working on problem-solving activities, business case studies and online activities |
| Guided Independent Study | 210 | ELE resources consisting of directed research activities, business case studies, problem solving |
Assessment
Formative assessment
| Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|
| Class tests, case studies and problem solving activities | 1-2 hours | 1-10 | Answers on ELE, marked work from teacher, verbal feedback |
| Online tests | 1-2 hours | 1-6 | Answers and automatic, computer generated feedback and marks |
Summative assessment (% of credit)
| Coursework | Written exams | Practical exams |
|---|---|---|
| 50 | 50 | 0 |
Details of summative assessment
| Form of assessment | % of credit | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|---|
| Financial Accounting - Individual Report | 30 | 1500 words (with summary of calculations in the appendices) | 1, 5, 6, 8-10 | Feedback, examiner report, individual feedback on request |
| Management Accounting - Paired/Small Group Presentation | 20 | 10 minutes per group member | 4, 6, 8-10 | Feedback, examiner report, group feedback on request |
| Written Examination (open book) | 50 | 2 hour exam paper | 2, 3, 7 | Performance outcomes |
Re-assessment
Details of re-assessment (where required by referral or deferral)
| Original form of assessment | Form of re-assessment | ILOs re-assessed | Timescale for re-assessment |
|---|---|---|---|
| Written Examination (open book) | 2 hour exam paper (completed in a fixed window of 24 hours) | 1-10 | Next 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 re-assessment’ 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 (ie a final overall mark of less than 40% achieved) you will be required to take a re-sit exam (open book). 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.
Resources
Indicative learning resources - Basic reading
Accounting, A Smart Approach (4th Edn.) Carey, D. & Knowles, C. OUP
Indicative learning resources - Web based and electronic resources
https://vle.exeter.ac.uk/course/view.php?id=12911
Module has an active ELE page
Indicative learning resources - Other resources
- Electronic case studies
- Company accounts
- Economic data
- Online resources
| Credit value | 30 |
|---|---|
| Module ECTS | 15 |
| Module pre-requisites | N/A |
| Module co-requisites | N/A |
| NQF level (module) | 3 |
| Available as distance learning? | Yes |
| Origin date | 11/11/2020 |
| Last revision date | 12/08/2021 |