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2012/13 Undergraduate Module Catalogue
LUBS2235 Introduction to Financial Accounting
10 creditsClass Size: 250
Module manager: Mr John Smith
Email: j.e.smith@leeds.ac.uk
Taught: Semester 1 (Sep to Jan) View Timetable
Year running 2012/13
Pre-requisite qualifications
At least Grade B at GCSE MathematicsThis module is mutually exclusive with
| LUBS1235 | Introductory Financial Accounting |
| LUBS1915 | Introduction to Financial Accounting |
| LUBS1925 | Introduction to Management Accounting |
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;
- 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;
- able to interpret financial information arising from virtually any organisation; and
- 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 websiteLast updated: 22/04/2013
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