Accounting
| Module title | Accounting |
|---|---|
| Module code | BEP1070 |
| Academic year | 2024/5 |
| Credits | 15 |
| Module staff | Mr David Kolitz (Convenor) |
| Duration: Term | 1 | 2 | 3 |
|---|---|---|---|
| Duration: Weeks | 11 |
| Number students taking module (anticipated) | 60 |
|---|
Module description
Financial literacy is an important skill in the business world. It helps you to understand how you can support the mission of any organisation and how you can add (or destroy) value. Whether you are an employee, a small business owner or in management of a larger business, understanding the principles of accounting helps you to understand the financial operations of the organisation.
The module incorporates the Colour Accounting Learning System™, an innovative way of presenting financial information using colour and diagrams. At the heart of the system is a diagram called the BaSIS Framework™ that is a holistic and graphical view of a balance sheet and income statement. It is highly creative and involves colour, movement, language, visualisation and breathtaking simplicity.
We examine the principles of accounting and financial statements and explore how to understand them.
Module aims - intentions of the module
The aim of this module is to provide you with a foundation in accounting literacy, which leads to financial literacy and ultimately to business acumen. You will be introduced to the recording of transactions, the content of financial statements, and the interpretation financial information.
The focus of the module is from the perspective of a user of financial information.
Intended Learning Outcomes (ILOs)
ILO: Module-specific skills
On successfully completing the module you will be able to...
- 1. explain and discuss the nature of accounting and accounting information;
- 2. analyse and process a broad range of typical business transactions;
- 3. explain and process electuary transactions relating to recognition and measurement of items on a statement of financial position;
- 4. explain and process elementary transactions relating to recognition and measurement of items on a statement of profit or loss;
- 5. prepare a set of basic financial statements
- 6. describe the forms of business organisation; explain and process elementary transactions relating to financing of a business;
- 7. analyse and interpret financial statements.
ILO: Discipline-specific skills
On successfully completing the module you will be able to...
- 8. use accounting concepts and conventions to apply accounting principles in practical situations.
ILO: Personal and key skills
On successfully completing the module you will be able to...
- 9. demonstrate basic written communication skills and numerical skills;
- 10. demonstrate basic problem solving skills.
Syllabus plan
- Introduction and Funding butterfly
- BaSIS framework
- Analysing transactions on the BaSIS Board: Part 1
- Analysing transactions on the BaSIS Board: Part 2
- Analysing transactions on the BaSIS Board: Part 3
- Business organisations and funding of a business
- Analysis of fianncial statements: Part 1
- Analysis of financial statements: Part 2
Learning activities and teaching methods (given in hours of study time)
| Scheduled Learning and Teaching Activities | Guided independent study | Placement / study abroad |
|---|---|---|
| 31 | 119 | 0 |
Details of learning activities and teaching methods
| Category | Hours of study time | Description |
|---|---|---|
| Scheduled learning and teaching activities | 20 | Lectures, seminars and workshops |
| Scheduled learning and teaching activities | 1 | Revision session |
| Scheduled learning and teaching activities | 10 | Tutorials |
| Guided independent Study | 50 | Preparation for taught sessions |
| Guided independent Study | 69 | Reading, reviewing of material and revision |
Formative assessment
| Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|
| Weekly tutorials | 3-4 hours preparations by student / 1 hour in-class discussion | 1-10 | Discussion in tutorial and suggested solutions on ELE |
Summative assessment (% of credit)
| Coursework | Written exams | Practical exams |
|---|---|---|
| 0 | 100 | 0 |
Details of summative assessment
| Form of assessment | % of credit | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|---|
| Mid-term exam (MCQ) | 30 | 1 hour | 1-5, 8-10 | Tutorial discussion |
| End of module examination | 70 | 2 hours | 1-10 | Indicative answers posted online |
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 |
|---|---|---|---|
| Mid-term exam (MCQ) (30%) | MCQ 1 hour (30%) | 1-5, 8-10 | Referral/Deferral period |
| End of module examination (70%) | Examination (2 hours) | 1-10 | Referral/Deferral period |
Re-assessment notes
Deferral if you have been deferred for any assessment, you will be expected to complete relevant deferred assessments as determined by the Mitigation Committee. The mark given for reassessment taken because of deferral will not be capped and will be treated as if it were your first attempt at the 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 undertake reassessments as described in the table above for any of the original assessment that you failed. The mark given for a reassessment taken because of referral will be capped at 40%.
Indicative learning resources - Basic reading
Frampton, P, and Robilliard, M. (2020) The Joy of Accounting, 2020
Core text:
Colour Accounting pack (provided to all BSc Business students and BSc Business & Environment registered for this module)
Core material
Colour Accounting pack (provided to all BSc Business students registered for this module)
Other recommended texts
Carey, M. and Knowles, K. Accounting: A smart Approach 2020
Kolitz, DL. (2019) A Concepts-Based Introduction to Financial Accounting, 6th edition, Juta.
Weetman, P. Financial Accounting: An introduction, Pearson
Indicative learning resources - Other resources
Other resources: as provided and recommended during classes and via ELE
| Credit value | 15 |
|---|---|
| Module ECTS | 7.5 |
| Module pre-requisites | None |
| Module co-requisites | None |
| NQF level (module) | 4 |
| Available as distance learning? | No |
| Origin date | 01/09/2014 |
| Last revision date | 07/03/2024 |
