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2023/24 Undergraduate Module Catalogue

LUBS0040 Introductory Accounting and Finance

20 creditsClass Size: 42

Module manager: Jiayi Yuan

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2023/24

This module is not approved as a discovery module

Module summary

The module is designed to give you an introductory level overview of Accounting and Finance. When taken together with other introductory business modules in the International Foundation Year it provides a solid grounding in key elements of the management discipline. Taken as a standalone option it provides you with the opportunity to gain an introductory level understanding of some fundamental concepts and techniques in accounting and finance, as a basis for more advanced study. Prior knowledge of accounting is useful but not required.


The module aims to provide students with a sound overview of fundamental accounting and finance principles, concepts and techniques. It is intended to give students an appreciation of how financial and management accounting information is prepared and used in organisations.

Learning outcomes
Upon completion of this module students will be able to:
- Recognise and explain fundamental concepts and techniques in accounting and finance
- Summarise the effects of simple financial transactions according to financial accounting principles

Skills outcomes
Upon completion of this module students will be able to:
- Work quickly and accurately when applying numerical techniques
- Prepare a report synthesising and interpreting the results of quantitative analysis
- Locate, extract and analyse data and information from multiple sources
- Reference appropriate research sources

Subject specific
- Apply fundamental accounting principles and techniques to prepare basic financial accounting and management accounting information
- Interpret the findings from applying investment appraisal techniques to make suggestions as to what decisions management should take
- Apply basic numerical techniques to interrogate financial statements and other publicly available information and explain the findings to provide a basic insight into the financial position and performance of a listed company


Indicative content:
- Preparation and interpretation of basic income statements and statements of financial position for sole traders and limited companies
- Preparation and interpretation of cash budgets
- Sources of finance
- Investment appraisal techniques
- Review of some topical issues

Teaching methods

Delivery typeNumberLength hoursStudent hours
Private study hours175.00
Total Contact hours25.00
Total hours (100hr per 10 credits)200.00

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

Assessment typeNotes% of formal assessment
Report1,500 words30.00
Total percentage (Assessment Coursework)30.00

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Exam typeExam duration% of formal assessment
Standard exam (closed essays, MCQs etc)2 hr 00 mins70.00
Total percentage (Assessment Exams)70.00

The resit for this module will be 100% by 2 hour examination.

Reading list

The reading list is available from the Library website

Last updated: 04/10/2023


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