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 websiteLast updated: 18/08/2016
Browse Other Catalogues
- Undergraduate module catalogue
- Taught Postgraduate module catalogue
- Undergraduate programme catalogue
- Taught Postgraduate programme catalogue
Errors, omissions, failed links etc should be notified to the Catalogue Team.PROD