2008/09 Undergraduate Module Catalogue

LUBS2235 Introduction to Financial Accounting

10 creditsClass Size: 320

Module manager: Ms Denise Gallagher
Email: dg@lubs.leeds.ac.uk

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2008/09

Pre-requisite qualifications

At least Grade B at GCSE Mathematics

This module is mutually exclusive with

LUBS1235	Introductory Financial Accounting
LUBS1920	Introductory Accounting and Financial Management

This module is not approved as an Elective

Objectives

On completion of this module, students will: be familiar with the meaning of (most) accounting terminology; be aware of the types of financial statements that are included in a published set of accounts, and have developed an understanding of how these statements are produced; be able to interpret financial information arising from virtually any organisation; and be able to understand the distinctions between accounting information produced by an organisation for external publication in the form of financial statements and accounting information produced for the internal purposes of planning, decision making and control.

Syllabus

Essential accounting terminology and concepts, and an introduction to basic financial statements; The preparation of accounts; problems associated with valuing assets and liabilities; including consideration of depreciation methods and the valuation of inventories and work in progress; and The interpretation of accounts, including company profiling, an introduction to the calculation and interpretation of financial ratios as a means of assessing company performance, and CORE Analysis as a means of strategic performance appraisal using financial statements.

Teaching methods

Delivery type	Number	Length hours	Student hours
Workshop	10	1.00	10.00
Lecture	11	1.00	11.00
Private study hours			79.00
Total Contact hours			21.00
Total hours (100hr per 10 credits)			100.00

Opportunities for Formative Feedback

Students will be expected to complete non-assessed coursework during the semester. This coursework takes the form of one piece of tutor-marked coursework together with two multiple-choice quizzes. The tutor-marked coursework will be marked and returned to the student with comments and a detailed answer. Each multiple-choice quiz contains questions relevant to particular topic areas of the module and should completed electronically via the LUBS2235 Nathan Bodington site. Students will be expected to review their performance in the quiz, obtaining feedback on the questions answered incorrectly and the actual solutions

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: 02/04/2009

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