2008/09 Undergraduate Module Catalogue
LUBS1920 Introductory Accounting and Financial Management
20 creditsClass Size: 142
Module manager: Professor Allan Hodgson
Email: .
Taught: Semesters 1 & 2 (Sep to Jun) View Timetable
Year running 2008/09
Pre-requisite qualifications
Mathematics of at least GCSE grade A standard.Co-requisites
LUBS1910 | Computing For Accounting |
This module is not approved as an Elective
Objectives
To introduce students to the basic concepts of financial accounting and management accounting, and the preparation and interpretation of financial statements, in a business context. On completion of this module, students will be able to: understand the basic concepts of financial accounting and the preparation of financial statements; prepare a set of financial statements from underlying business transactions; analyse and interpret financial statements; understand the basic concepts of management accounting and its role in planning, decision making and control; and understand and apply the concepts of decision making in the short and long term.Syllabus
Nature of accounting and decision making; the balance sheet, income statements; accounting records; double entry bookkeeping; fixed and intangible assets - valuation, revaluation, depreciation and disposal; company accounts; cash flow statements; analysis and interpretation; management accounting - the framework for planning, decision making and control; cost behaviour and estimation; cost-volume-profit analysis; relevant cost and benefits for decision making; scarce resources in short-term decision making, decision making in the longer term; payback, accounting rate of return, NPV and IRR; capital rationing, sensitivity analysis and the cost of capital; and the budgetary process; and preparation of budgets and behavioural aspects.
Teaching methods
Delivery type | Number | Length hours | Student hours |
Lecture | 22 | 3.00 | 66.00 |
Private study hours | 134.00 | ||
Total Contact hours | 66.00 | ||
Total hours (100hr per 10 credits) | 200.00 |
Opportunities for Formative Feedback
Students will be given solutions to questions considered in the classes. In addition tutor-marked non-assessed coursework will provide further formative feedback.Methods of assessment
Exams
Exam type | Exam duration | % of formal assessment |
Standard exam (closed essays, MCQs etc) | 2 hr 00 mins | 50.00 |
Standard exam (closed essays, MCQs etc) | 2 hr 00 mins | 50.00 |
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: 02/04/2009
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