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2021/22 Undergraduate Module Catalogue

LUBS1915 Introduction to Financial Accounting

10 creditsClass Size: 257

Module manager: Malek El Diri
Email: M.ElDiri@leeds.ac.uk

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2021/22

Co-requisites

LUBS1925Introduction to Management Accounting

This module is mutually exclusive with

LLLC1387Accounting for Non-Specialists
LUBS1225Accounting for Managers
LUBS1235Introductory Financial Accounting
LUBS1245Introductory Management Accounting
LUBS2035Finance for Small Business

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

Due to COVID-19, teaching and assessment activities are being kept under review - see module enrolment pages for information

Delivery typeNumberLength hoursStudent hours
Lecture112.0022.00
Seminar101.0010.00
Private study hours68.00
Total Contact hours32.00
Total hours (100hr per 10 credits)100.00

Private study

This could include a variety of activities, such as reading, watching videos, question practice and exam preparation.

Opportunities for Formative Feedback

Your teaching methods could include a variety of delivery models, such as face-to-face teaching, live webinars, discussion boards and other interactive activities. There will be opportunities for formative feedback throughout the module.

Methods of assessment

Due to COVID-19, teaching and assessment activities are being kept under review - see module enrolment pages for information


Exams
Exam typeExam duration% of formal assessment
Standard exam (closed essays, MCQs etc)2 hr 00 mins100.00
Total percentage (Assessment Exams)100.00

The resit for this module will be 100% by 2 hour examination.

Reading list

The reading list is available from the Library website

Last updated: 09/09/2021 14:37:42

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