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Unit information: Introduction to Accounting in 2023/24

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)

Grade A or 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 Information

This unit covers both financial accounting and management accounting.

Financial accounting provides an introduction to the preparation and analysis of financial statements and evaluation of the financial well-being of a business. Management accounting 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.

Your learning on this unit

On completion of the unit students should be able to:

  • Apply the Accounting Equation
  • Understand the historical context of double entries and the key roles it plays in today’s financial accounting and reporting
  • Understand and apply the Accounting Concepts and Conventions
  • Understand the characteristics of financial information defined by the Framework
  • Understand how the Balance Sheet and Income Statement are created from the raw financial data
  • Prepare the Statement of Financial Position, the Income Statement, the Statement of Cash Flows and any related statements
  • Analyse the financial statements and comment on the financial well-being of an entity.
  • Understand the types of information that internal management need to run a business.
  • Understand and analyse financial management and capital investment decisions

How you will learn

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

How you will be assessed

This unit will be assessed by 100% exam (3 hours) which covers all learning objectives

Any re-assessment required will be a like for like assessment

Resources

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.

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