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Introduction to Accounting

Unit details

Unit Code: ACCG10052
Level: 1
Credit point value: 20
Unit director: Suzy Matthews
Lecturers: Suzy Matthews
Matt Bamber
Teaching block: 2
Prerequisites: GCSE level Mathematics, grade A.
Number of lectures: 24 lectures; 24 clinics (optional)
Number of tutorials: 23

Assessment methods

Summative assessment
100% Three-hour closed book examination in May/June.

Formative assessment
Weekly exercises and regular tests.

Main texts

Atrill and McLaney, Accounting: An Introduction, Prentice Hall (latest edition).

Unit description

The first half of the course provides an introduction to the meaning and uses of information generated by external financial reporting, preparation and analysis of accounts, and evaluation of the financial well-being of a business. The second half of the course provides an introduction to the production and uses of financial information for the internal management of a business.  By the end of the unit participants should be able to apply and comment on a range of techniques for product costing, control and investment appraisal.

Learning objectives

Introduction to Accounting is intended to enable participants to make use of financial information, in order to analyse the performance of a business and to comment on how this might be improved, and to plan and control the activities of a business.

Students are taught:

  • To understand the meaning and uses of financial information.
  • To prepare Financial Statements (Statement of Financial Position, Income Statement and  Statement of Cash Flows) and any related statements.
  • To understand how trial balances are prepared and how they are used to prepare the Financial Statements.
  • How to analyse accounts and to comment on the financial well being of an organisation.
  • To understand the types of information that internal management need to run a business.
  • To understand and prepare product costings.
  • To be able to prepare budgets.
  • To be introduced to financial management and investment decision making techniques.