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2017/18 Undergraduate Module Catalogue

LUBS1915 Introduction to Financial Accounting

10 creditsClass Size: 120

Module manager: Joanna Ying Ye

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2017/18


LUBS1925Introduction to Management Accounting

This module is mutually exclusive with

LUBS1225Accounting for Managers
LUBS1235Introductory Financial Accounting
LUBS1245Introductory Management Accounting
LUBS2035Finance for Small Business

This module is not approved as a discovery module


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

- 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


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

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

Private study

Preparation of solutions for weekly classes; preparation of solution to formative non-assessed coursework; preparation for examination.

Opportunities for Formative Feedback

Progress will be monitored through contributions to tutorials.

Methods of assessment

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 examination.

Reading list

The reading list is available from the Library website

Last updated: 20/12/2017


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