2016/17 Undergraduate Module Catalogue

LUBS1915 Introduction to Financial Accounting

10 creditsClass Size: 120

Module manager: Joanna Ying Ye
Email: y.ye@lubs.leeds.ac.uk

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2016/17

Pre-requisite qualifications

LUBS1915 is a pre-requisite for the study of the following modules;
- LUBS3120

LUBS1915 is a partial pre-requisite for the study of the following modules;
- LUBS2215
- LUBS2290
- LUBS2295
- LUBS3540
- LUBS3550

Co-requisites

LUBS1925

Introduction to Management Accounting

This module is not approved as a discovery module

Objectives

This module aims to introduce students to the basic concepts of financial accounting and the preparation and interpretation of financial statements in a business context.

Learning outcomes
On completion of this module, students will be able to:
- Understand the basic concepts of financial accounting and the preparation of financial statements
- Provide a basic insight into the operations of a simple business

Skills outcomes
Subject specific:
- Apply current technical standards, language and practices of accounting to prepare financial statements
- Competently record and summarise financial transactions

Transferable:
- Extract relevant information from structured scenarios and data in order to identify problems and define solutions
- Competently apply numerical skills to manipulate and interrogate financial and non-financial data

Syllabus

Indicative content:
- nature of accounting and decision making
- double entry bookkeeping
- financial statements
- control accounts
- cost of sales, inventory
- accruals and prepayments
- irrecoverable debts
- non-current assets
- company accounts and analysis

Teaching methods

Delivery type	Number	Length hours	Student hours
Lecture	11	2.00	22.00
Seminar	10	1.00	10.00
Private study hours			68.00
Total Contact hours			32.00
Total hours (100hr per 10 credits)			100.00

Private study

Preparation of solutions for weekly classes; preparation of solution to formative non-assessed coursework; preparation for examination.

Opportunities for Formative Feedback

Progress will be monitored through contributions to tutorials.

Methods of assessment

Exams

Exam type	Exam duration	% of formal assessment
Standard exam (closed essays, MCQs etc)	2 hr 00 mins	100.00
Total percentage (Assessment Exams)		100.00

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Reading list

The reading list is available from the Library website

Last updated: 18/08/2016

Disclaimer

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