Unit name | Introduction to Accounting |
---|---|
Unit code | ACCG10052 |
Credit points | 20 |
Level of study | C/4 |
Teaching block(s) |
Teaching Block 2 (weeks 13 - 24) |
Unit director | Dr. Ronald Lui |
Open unit status | Not open |
Units you must take before you take this one (pre-requisite units) |
At least Level 7 in GCSE Mathematics (or equivalent). |
Units you must take alongside this one (co-requisite units) |
None |
Units you may not take alongside this one |
None |
School/department | School of Accounting and Finance - Business School |
Faculty | Faculty of Social Sciences and Law |
Unit Directors:
Why is this unit important?
This unit, covering financial accounting, management accounting, and investment appraisal topics, enables students to understand and apply the basic techniques of accounting and investment appraisal that would serve them well in decision-making roles in their careers ahead.
The first part (Financial Accounting) provides an introduction to the preparation and analysis of financial statements and evaluation of the financial well-being of a business. The second part (Management Accounting and Investment Appraisal) 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 and investment appraisal.
How does this unit fit into your programme of study
This unit is mandatory on BSc Finance, BSc Economics and Management, and BSc Business Analytics; and optional for BSc Economics and some other programmes.
For BSc Finance: a well-rounded finance professional must be able to read financial statements. This unit provides the opportunity to “look under the hood” of the financial statements and of organisations’ operational and strategic decision-making, providing a context for understanding performance reporting and its relevance to corporate finance and asset pricing.
For BSc Economics and Management, it can support your understanding of both disciplines:
For all the degrees mentioned, this unit can open up the possibility to study accounting or finance in more depth later on, according to which units have been selected as appropriate options for your specific degree programme. At level 5 (second year), this includes some or all of the following:
An Overview of Content
The first half of the unit focuses on financial accounting. The topics include:
The second half of the unit focuses on management accounting and investment appraisal. The topics include:
How students will, personally, be different as a result of this unit
You will be able to:
Consequently, you will be better equipped to make informed financial decisions in both your career and personal life.
Learning Outcomes
On completion of the unit students should be able to:
Teaching will be delivered through a combination of synchronous and asynchronous sessions including lectures, tutorials, drop-in sessions, discussion boards and other online learning opportunities
Tasks which help you learn and prepare you for summative tasks (formative):
Tasks which count towards your unit mark (summative):
This unit will be assessed by 100% exam (3 hours) which covers ILO1, ILO2, ILO3, ILO4, ILO5. ILO6. ILO7 and ILO8.
When assessment does not go to plan:
This will be a 3-hour invigilated, closed-book examination, accounting for 100% of your re-assessment grade for the unit (like for like assessment).
If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.
If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. ACCG10052).
How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours
of study to complete. Your total learning time is made up of contact time, directed learning tasks,
independent learning and assessment activity.
See the University Workload statement relating to this unit for more information.
Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit.
The Board considers each student's outcomes across all the units which contribute to each year's programme of study. For appropriate assessments, if you have self-certificated your absence, you will normally be required to complete it the next time it runs (for assessments at the end of TB1 and TB2 this is usually in the next re-assessment period).
The Board of Examiners will take into account any exceptional circumstances and operates
within the Regulations and Code of Practice for Taught Programmes.