2020/21 Undergraduate Module Catalogue
LUBS1235 Introductory Financial Accounting
10 creditsClass Size: 240
Module manager: Jessica Johnson
Email: j.c.johnson@leeds.ac.uk
Taught: Semester 1 (Sep to Jan) View Timetable
Year running 2020/21
This module is mutually exclusive with
| LLLC1387 | Accounting for Non-Specialists |
| LUBS1225 | Accounting for Managers |
| LUBS1915 | Introduction to Financial Accounting |
| LUBS1925 | Introduction to Management Accounting |
| LUBS2035 | Finance for Small Business |
| LUBS2120 | Accounting for Managers |
This module is approved as a discovery module
Module summary
The module is intended for non-accounting specialists and aims to introduce you to the basic concepts of financial accounting and interpretation of financial statements in a business context. The module provides an insight into how financial information is used and reported in business and provides a platform for those interested in pursuing the more advanced financial accounting modules in levels 2 and 3.Objectives
The aim of this module is to introduce students to the basic concepts of financial accounting and interpretation of financial statements in a business context and provide grounding in the basic concepts of financial accounting.Learning outcomes
Upon completion of this module students will be able to:
- Recognise and explain how simple financial transactions are recorded and outline the current technical standards, language and practices of accounting
- Interpret financial and non-financial information and data to provide a basic insight into the operations of a simple business
Skills outcomes
Upon completion of this module students will be able to:
Transferable
- Extract relevant information from structured scenarios and data to identify problems and define solutions
Subject specific
- Competently apply numerical skills to manipulate and interrogate financial data
Syllabus
Indicative Content
Essential accounting terminology and concepts, and an introduction to basic financial statements of sole traders and limited companies
The preparation of accounts
The interpretation of accounts, including an introduction to the calculation and interpretation of financial statements and financial ratios as a means of assessing company performance
Teaching methods
| Delivery type | Number | Length hours | Student hours |
| Lecture | 10 | 1.50 | 15.00 |
| Seminar | 10 | 1.00 | 10.00 |
| Private study hours | 75.00 | ||
| Total Contact hours | 25.00 | ||
| 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
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 | |
The resit for this module will be 100% by 2 hour examination.
Reading list
The reading list is available from the Library websiteLast updated: 04/09/2020
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- Undergraduate module catalogue
- Taught Postgraduate module catalogue
- Undergraduate programme catalogue
- Taught Postgraduate programme catalogue
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