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ACCOUNTANCY

> Level 1
AC 1009
ACCOUNTING AND ACCOUNTABILITY
CREDIT POINTS 15

Course Co-ordinator: Dr C Alawattage

Pre-requisite(s): None

Co-requisite(s):

The constitution of society: economy, polity and civil society; their interdependencies and contradictions; and understanding the role of accounting within these contradictions and interdependencies.

Constitution of business: various managerial objectives, functions, responsibilities and accountabilities; and the role of accounting within business.

Constitution of accounting as a business function: how accounting is organised within organisations to help achieve their objectives and accountabilities.

Constitution of accountancy as a profession: how accountancy is organised as a profession and how the accountancy profession is regulated.

Future challenges of accountancy: the challenge of accounting and reporting beyond shareholders; and meeting the challenge of global sustainability.

1 one-hour lecture and 1 two-hour tutorial per week.

1st Attempt; 1 two-hour written examination (70%); continuous assessment (30%).

Resit: 1 two-hour written examination (70%); continuous assessment (30%). The student may carry forward their original continuous assessment mark if this is considered to be in their interests.

Formative Assessment and Feedback Information

Details to be finalised, however, will build on tutorial material and course content.

Feedback on summative assessments will be provided by comments on the students’ work and/or separate individual feedback sheets. There may also be classroom discussions on common issues in students’ work.

AC 1513
ACCOUNTING AND ENTREPRENEURSHIP
CREDIT POINTS 15

Course Co-ordinator: Mr A Mulhern

Pre-requisite(s): None.

An introduction to accounting

  • The need for performance measurement and accounting

  • An introduction to business planning

  • An overview of financial accounting.

  • Recording and classifying transactions: Double entry systems

  • Analysing transactions: preparation of financial statements – trading and manufacturing

  • Basic cash flow statements

  • An overview of management accounting

  • Understanding costs – behaviour, labour, materials and overheads

  • An introduction to costing systems – absorption and marginal costing

  • Short term decision making

  • Budgeting
  • 2 one-hour lectures per week and 1 two-hour tutorial per week.

    1st Attempt: 1 two-hour closed-book written examination (70%) and continuous assessment based on work in tutorials and participation in an online computer assisted learning package (30%).

    Resit: 1 two-hour written examination (70%) and continuous assessment (30%). Students can carry forward their continuous assessment marks from a previous sitting. Because of the nature of the continuous assessment, this cannot be retaken within the same academic session. Accordingly, where this is in the interests of the student, the student will be assessed on the resit examination alone.  Some of the tutorial test marks count towards continuous assessment.

    Formative Assessment and Feedback Information

    Formative assessment is conducted in two ways. First, in advance of each tutorial, students are given exercises and problems. The tutor provides feedback to that group and the course co-ordinator also provides feedback via WebCT.  Students are also given tests during tutorials, on which feedback is provided.

    Customised feedback provided through the return by tutors of marked work. Generic feedback is posted on WebCT by the course co-ordinator.

     

    > Level 2
    AC 2028
    PERSONAL INVESTMENT
    CREDIT POINTS 15

    Course Co-ordinator: Dr Mark Whittington

    Pre-requisite(s): None

    1. Introduction to the course. Key personal finance concepts and the importance of the time value of money.

    2. The FSA and the concept of Savings. (a) Tax implications of alternative savings products.

    3. Approaches to investment.

    4. The concept of Borrowing and alternative products available to the individual.

    5. The concept of Pensions and retirement. (a) Alternative pension arrangements and tax implications.

    6. Guest speakers on 'Being a financial advisor' and 'Insolvency' (2 lectures).

    7. The concept of insurance and insurance products.

    8. Ethical and moral approaches to personal finance.

    9. Review of personal finance.

    2 one-hour lectures per week, 1 one-hour tutorial every two weeks.

    1st Attempt: 1 two-hour examination (70%); continuous assessment (30%) consisting of: a group oral presentation (10%), and submit the powerpoint slides for external review; and an individual assignment (20%) of 1500 words in length.

    Resit: 1 two-hour written examination (100%).

    Formative Assessment and Feedback Information

    This will take place via tutorial discussions and availability of a specimen exam with available model answers.

    Written feedback is given on the tutorial presentations and on the individual assessments.

    On a less formal basis, via verbal feedback during tutorial discussions, and after tutorial presentations.

    AC 2029
    MANAGEMENT ACCOUNTING 2
    CREDIT POINTS 15

    Course Co-ordinator: Dr N Anomelechi-Onyeodi

    Pre-requisite(s): AC 1513

    1. Cost volume profit analysis

    2. Pricing

    3. Cost estimation

    4. Inventory management

    5. Total Quality Management

    6. Budgeting and planning

    7. Process costing

    8. Activity Based Costing

    9. Standard costing and variance analysis

    10. Decentralisation, divisionalisation and transfer pricing

    11. Capital expenditure and long term planning

    2 one-hour lectures per week, 8 one-hour tutorial through the semester.

    1st Attempt: 1 two-hour examination (70%); two pieces of continuous assessment (15% each) consisting of two individual management reports or essays of around 1,500 words.

    Resit: 1 two-hour written examination (100%).

    Formative Assessment and Feedback Information

    This will take place via tutorial discussions and availability of a specimen exam with available answers.

    Written feedback is given on the individual assessments.

    On a less formal basis, via verbal feedback during tutorial discussions.

    AC 2030
    BUSINESS FINANCE
    CREDIT POINTS 15

    Course Co-ordinator: Dr E Balaban

    Pre-requisite(s): PO1002 Finance, Risk and Investment

    - Introduction to and development of models of financial valuation, including Discounted Cash Flow and variants.
    - Development of models of organisations' financing, including analysis of debt:equity choices.
    - Portfolio analysis and the basics of portfolio selection and performance measurement.
    - Contemporary developments in the finance of businesses and in financial markets.

    2 one-hour lectures per week, five one hour tutorials during the semester.

    1st Attempt: Examination (60%) 2 hours. One hour multiple choice class test (20%). Group report on Investment game (20%).

    Resit: 1 two-hour written examination (100%).

    Formative Assessment and Feedback Information

    Interim report on investment game (week 6). Feedback on multiple choice (week 8).

    Feedback on: tutorial tasks; written feedback and CAS on group report.

    AC 2526
    FINANCIAL ACCOUNTING 2
    CREDIT POINTS 15

    Course Co-ordinator: Ms L Tibbetts

    Pre-requisite(s): AC 1513.

    1. Introduction & overview

    2. Types of business organisations

    3. Regulation and governance of companies: ASB & IASB

    4. Cash flow statements 1

    5. Non-current assets

    6. Liabilities

    7. Provisions, contingent assets & liabilities

    8. Accounting for groups, associates and foreign operations

    2 one-hour lectures per week, 1 two-hour seminar per week.

    1st Attempt: 1 two-hour examination (70%); Weekly answers to seminar questions (30%). Students will be given a set of questions (numerical and discursive) based on the materials covered in the lectures. They are required to complete the questions and submit their answers at the beginning of the following week, before the start of all the seminar sessions on that week. These submitted answers will be graded and marks will be recorded, and this count towards the continuous assessment for the course. Answers will then be discussed during the seminars after the work is submitted.

    Resit: 1 two-hour written examination (100%).

    Formative Assessment and Feedback Information

    This will take place via seminar discussions and availability of a specimen exam with model answers.

    Written feedback is given on the seminar tests and individual assessments.

    On a less formal basis, via verbal feedback during tutorial discussions.

    AC 2527
    FINANCIAL MARKETS AND REGULATION
    CREDIT POINTS 15

    Course Co-ordinator: Professor R Buckland

    Pre-requisite(s): None

    1. Analysis of the economics of financial markets, services and products.

    2. Identification of the sources and persistence of market failure in financial services and the classic regulatory issues.

    3. Study of the regulatory issues, models and structures exposed in the regulation of the banking industry, in the UK and internationally.

    4. Extension of regulatory principles to the analysis of other segments of financial services, notably markets in insurance.

    2 one-hour lectures per week, five one-hour tutorials during the semester.

    1st Attempt: 1 two-hour written examination (60%). One 3,000 word group report on a case study (40%).

    Resit: 1 two-hour written examination (100%).

    Formative Assessment and Feedback Information

    Generic feedback on seminar work following each seminar.
    Feedback on group report.

    Seminar leaders will deliver written feedback to seminar groups after each seminar.
    Groups receive written feedback and indicative CAS on the assessed case study report within 2 weeks of submission.

     

    > Level 3
    AC 3048
    MANAGEMENT ACCOUNTING 3
    CREDIT POINTS 15

    Course Co-ordinator: Dr C Alawattage

    Pre-requisite(s): AC 2525 or AC 2029

    Building upon the material in Management Accounting 2, the course examines in greater detail theoretical, behavioural, organisational, managerial and also historical aspects of various management accounting and control techniques and practices.

    The course comprises.
    (a) A series of 12 two-hour lectures
    (b) A series of 12 one-hour tutorials/seminars at which students will have to prepare, present and discuss their work.

    1st Attempt: There are two elements to assessment:

    1. Two pieces of continuous assessments (circa 1,500 words business reports and/or essays), each accounting for (15%).

    2. A two-hour closed book examination (70%).

    Resit: A two-hour closed book examination. Previous coursework will be taken into account unless doing so would cause a student who passed the resit exam to fail the course overall, in which case the overall mark will be CAS 9.

    Formative Assessment and Feedback Information

    This will take place via tutorial discussions.

    Verbal feedback is given during tutorial discussions.
    Answers are provided to all questions covered in lectures and tutorials
    Written feedback will be provided for continuous assessments.

    AC 3049
    FINANCIAL ACCOUNTING 3
    CREDIT POINTS 15

    Course Co-ordinator: Ms A McGeachin

    Pre-requisite(s): AC 2524

    Building upon the material in Financial Accounting 2, the course examines in greater detail theoretical frameworks applicable to financial reporting. Conceptual frameworks and income theory are used to critically evaluate the accounting treatment of assets and liabilities and the measurement of performance with particular emphasis being placed upon controversial areas of financial reporting.

    The course comprises.
    (a) A series of 18 one-hour lectures
    (b) A series of 11 two-hour workshops at which students will have to prepare, present and discuss their work.

    1st Attempt: There are three elements to assessment:

    1. An incomplete records exercise (10%).

    2. Weekly workshop/seminar questions ? both numerical and essay based (20%).

    3. A two-hour closed book examination in January (70%).

    Resit: 1 two-hour written examination.

    Formative Assessment and Feedback Information

    This will take place via tutorial discussions.

    Verbal feedback is given during tutorial discussions.
    Answers are provided to all questions covered in lectures and tutorials

    Weekly tutorial questions are handed in, marked and returned

    AC 3050
    CORPORATE FINANCE
    CREDIT POINTS 30

    Course Co-ordinator: Dr O Kliwinkowska

    Pre-requisite(s): AC 2030 or EC 2003

    Corporate Finance (AC 3047) course covers the following topics:
    - Portfolio theory
    - Capital Asset Pricing Model and cost of capital
    - Project valuation methods
    - Capital structure ( Modigliani-Miller Irrelevance Theory)
    - Introduction to options (financial options, real options)
    - Bond markets
    - Financing decisions and market efficiency
    - Mergers and acquisitions
    - Risk Management

    1 two-hour lecture per week (Thursday 9:00-11:00)
    10 one-hour tutorial (timetable to be arranged)

    1st Attempt: 1 two-hour examination (70%); 1 in-course assessment with open and multiple choice questions (30%):

    Resit: 1 two-hour written examination (100%).

    Formative Assessment and Feedback Information

    This will take place via tutorial discussions.

    General feedback is given to the students in the oral form during each tutorial class through topic discussions and problem solving.

    Feedback on the in-class assessment is given to the student in the oral form during one tutorial class. The solutions are as well provided at MyAberdeen.

    AC 3550
    INTERNATIONAL FINANCIAL MANAGEMENT
    CREDIT POINTS 30

    Course Co-ordinator: Professor R Buckland

    Pre-requisite(s): AC 2030 Business Finance and PO 2504 Understanding Statistics

    Environment and objectives of MNCs
    Modes of International Business
    4-way equivalence
    Exchange rates
    Strategy and appraisal
    Short term decisions
    Mergers and acquisitions
    Treasury Management
    Currency market developments
    Tax and Regulation

    The course comprises.
    (a) A series of 24 lectures
    (b) A series of 6 fortnightly one-hour seminars
    (c) A series of 6 fortnightly 2-hour computer classes.

    1st Attempt: There are two elements to assessment:
    1. Continuous assessment
    a. Group presentation (5%)
    b. Individual report (25%, maximum 2,500 words)

    2. Exam
    a. Objective test (during exam period) (20%)
    b. A two hour closed book examination (50%).

    An objective test and a two hour closed book examination. Previous coursework will be taken into account unless doing so would cause a student who passed the resit exam to fail the course overall, in which case the overall mark will be CAS 9.

    Formative Assessment and Feedback Information

    This will take place via tutorial discussions and four multiple choice tests. There will also be a 1,500 word case study.

    Verbal feedback is given during tutorial discussions.
    Answers are provided to all questions covered in lectures and tutorials.
    Answers and marks provided for the multiple choice test
    Feedback on the case study.

    AC 3552
    AUDITING
    CREDIT POINTS 30

    Course Co-ordinator: Ms L A Tibbetts

    Pre-requisite(s): Financial Accounting 2 (AC 2524) Available normally only to students in Programme 3 taking Designated or Honours degrees in Accountancy.

    This course introduces students to the concepts and the techniques of auditing and the legal and professional framework within which it operates. Areas covered include the historical development of auditing, legal and professional requirements, case law, auditing concepts, standards and techniques, and computerised auditing. Some teaching will be resourced by incorporation of visiting lecturers from local professional accountancy firms.

    22 one-hour lectures and 2 one-hour revision sessions;
    12 one-hour workshops;
    5 one-hour tutorials

    1st Attempt: The course will be assessed in three parts:
    Coursework 1, 1,000 word essay, which contributes (10%) of the final assessment

    Coursework 2, 2,000 word essay, which contributes (20%) of the final assessment

    Closed book, three-hour examination which contributes (70%) of the final assessment

    Resit: A two-hour closed book examination. Previous coursework will be taken into account unless doing so would cause a student who passed the resit exam to fail the course overall, in which case the overall mark will be CAS 9.

    Formative Assessment and Feedback Information

    This will take place via tutorial discussions.

    Feedback is given in the trial computer aided assessment on a question-by-question basis, giving students guidance on how to approach the question successfully. Oral feedback is given on the tutorial presentation.

    On a less formal basis, via verbal feedback during tutorial discussions, and after tutorial presentations.

    AC 3553
    FINANCIAL STATEMENT ANALYSIS
    CREDIT POINTS 15

    Course Co-ordinator: Mr M Whittington

    Pre-requisite(s): AC 1513.

    Building upon knowledge of financial statements and decision making, the course examines in greater detail the analysis and interpretation of financial performance.

    10 two-hour lectures, 4 one-hour computer workshops and 6 one-hour seminars.

    1st Attempt: Two pieces of continuous assessment

    • Group presentation (10%)

    • Individual report of circa 2,000 words (20%)

    1 two-hour closed book examination (70%).
    Students will be given an annual report and potentially other documentation (eg. annual review or corporate responsibility report) three weeks before the exam. 60% of the exam marks will be awarded for questions focused on the pre-distributed accounts.

    Resit: 1 two-hour written examination.

    Students will be given an annual report and potentially other documentation (e.g. annual review or corporate responsibility report) three weeks before the exam. 60% of the exam marks will be awarded for questions focused on the pre-distributed accounts.

    Formative Assessment and Feedback Information

    This will take place via tutorial discussions.

    Verbal feedback is given during tutorial discussions.
    Answers are provided to all questions covered in lectures and tutorials.
    Written feedback will be provided for continuous assessments.

     

    > Level 4

    PLEASE NOTE: Resit: (for Honours students only): Candidates achieving a CAS mark of 6-8 may be awarded compensatory level 1 credit. Candidates achieving a CAS mark of less than 6 will be required to submit themselves for re-assessment and should contact the Course Co-ordinator for further details.

    AC 4027
    ACCOUNTING THEORY
    CREDIT POINTS 30

    Course Co-ordinator: Professor C Roberts

    Pre-requisite(s): AC 3041 Financial Accounting 3 and AC 3042 Management Accounting 3.

    The content is organised into three main areas covering mainstream, positive and critical theoretical literature in accounting.

    • Financial reporting practices
    • Financial reporting regulations
    • Critical perspectives on accounting practices & regulations.

      A series of weekly two-hour lectures.

      A series of weekly two-hour seminars at which students will have to present and discuss their work.

      1st Attempt: There are THREE elements to the assessment:
      Portfolio of work (25%), 2,000 word essay (15%), 1 two-hour examination (60%).

      Formative Assessment and Feedback Information

      This will take place via tutorial discussions.

      Verbal feedback is given during tutorial discussions.

      Written feedback will be given to assessed coursework.

      AC 4028
      EMPIRICAL METHODS IN FINANCE
      CREDIT POINTS 30

      Course Co-ordinator: Dr J Williams

      Pre-requisite(s): AC 3047.

      Building upon a mathematical, statistical modelling and decision making, the course examines in greater detail the analysis and interpretation of models of quantitative data.

      The course comprises:

      • A series of 10 two-hour lectures, introduction and revision
      • A series of 12 one-hour computer classes at which students will have to prepare, present and discuss their work.

      1st Attempt: There are two elements to assessment:

      1. One piece of in course assessment: Assignment (20%)
      2. 1 two-hour closed book examination (80%).

      Resit: 1 two-hour closed book examination. Previous coursework will be taken into account unless doing so would cause a student who passed the resit exam to fail the course overall, in which case the overall mark will be CAS 9.

      Formative Assessment and Feedback Information

      This will take place via tutorial discussions.

      Verbal feedback is given during tutorial discussions.
      Answers are provided to all questions covered in lectures and tutorials
      Written feedback will be provided for continuous assessments.

      AC 4029
      FINANCIAL ACCOUNTING THEORY
      CREDIT POINTS 30

      Course Co-ordinator: Professor C Roberts

      Pre-requisite(s): AC3041 Financial Accounting 3

      The content is organised into three main areas covering mainstream, positive and critical theoretical literature in accounting related to:
      1. Financial reporting practices
      2. Financial reporting regulations
      3. Accounting research methodologies

      1 two-hour lecture per week and 1 two-hour seminar per week at which students will have to present and discuss their work.

      1st Attempt: There are THREE elements to the assessment:
      Portfolio of work (30%), 2000 word essay (20%), 1 two-hour exam (50%).

      No Resit

      Formative Assessment and Feedback Information

      This will take place via tutorial discussions.

      Verbal feedback is given during tutorial discussions.

      Written feedback will be given to assessed coursework.

      AC 4030
      MANAGEMENT ACCOUNTING THEORY
      CREDIT POINTS 30

      Course Co-ordinator: Dr C Alawattage

      Pre-requisite(s): AC 3042: Management Accounting 3.

      Note(s): This course will be available in 2013/14.

      The content is organised into three main areas covering mainstream, positive and critical theoretical literature in accounting:
      1. Strategic issues in cost management
      2. Organisational theories of management accounting practices
      3. Sociological and political perspectives on management accounting practices and history.

      1 two-hour lecture per week and 1 two-hour seminar per week at which students will have to present and discuss their work.

      1st Attempt: There are THREE elements to the assessment:
      Student presentation (10%), 2 essays/management reports each circa 2,000 words (15%), 1 two-hour exam (60%).

      Copies of the slides in the presentation will be kept for external examiner review.

      Formative Assessment and Feedback Information

      This will take place via tutorial discussions.

      Verbal feedback is given during tutorial discussions.

      Written feedback will be given to assessed coursework.

      AC 4031
      FINANCIAL STRATEGY AND INVESTMENT MANAGEMENT
      CREDIT POINTS 30

      Course Co-ordinator: Dr M Whittington

      Pre-requisite(s): AC 1513 Accounting and Entrepreneurship and AC 3047 Corporate Finance.

      This course consists of 12 weeks of material that concentrates on the main points of overlap between users and providers of accounting information. In particular it would focus on the investor's perspective on financial information. Advanced portfolio and investment theory. Choosing Investments from a large universe of assets. Accounting information as signals in investment management.
      Types of investor:

      • Mutual and pension funds
      • Closed end funds
      • Private equity and venture capital
      • Hedge funds and boutiques

      Capital market responses to events and event studies, as in:
      • Tax arbitrage

      The role of investment banks:
      • Mergers and acquisitions
      • Corporate actions
      • Book building and IPOs

      The role of auditor and the accountant as a consultant.

      The course comprises.

      • A series of 12 two-hour lectures
      • A series of 12 one-hour seminar/tutorial classes at which students will have to prepare, present and discuss their work.

      1st Attempt: Assessment would be via two pieces of coursework and one written examination:
      Coursework 1: Accounting related coursework, case study based 2,000 words (20%)
      Coursework 2: finance related coursework, either empirical research exercise or case study based, 2,000 words (20%)
      Examination: 2 hours closed examination in January diet (60%).

      Formative Assessment and Feedback Information

      This will take place via tutorial discussions.

      Verbal feedback is given during tutorial discussions.
      Answers are provided to all questions covered in lectures and tutorials
      Written feedback will be provided for continuous assessments.

      AC 4528
      DISSERTATION IN ACCOUNTANCY
      CREDIT POINTS 30

      Course Co-ordinator: Professor C Roberts

      Pre-requisite(s): Student should be in Programme Year 4.

      The primary and final product of the course is the independent writing of the dissertation.

      There is a minimal taught element on the dissertation course consisting of an introductory session in week 17 to introduce students to the formal requirements of the dissertation and two organized meetings with supervisors in semester 2.

      1st Attempt: Continuous assessment (100%) (word count 10,000).

      Resit: None.

      Formative Assessment and Feedback Information

      This will take place via discussions with supervisors and chapter feedback.

      Students are required to prepare material for the supervisory meetings and informal feedback will be given on these. They are also required to submit one draft chapter of the thesis and written feedback is given on this.

      AC 4529
      DISSERTATION IN FINANCE
      CREDIT POINTS 30

      Course Co-ordinator: Professor C Roberts

      Pre-requisite(s): Student must be in Programme Year 4.

      The primary and final product of the course is the independent writing of the dissertation.

      There is a minimal taught element on the dissertation course consisting of an introductory session in week 17 to introduce students to the formal requirements of the dissertation and two organized meetings with supervisors in semester 2.

      1st Attempt: Continuous assessment (100%) (10,000 words).

      Resit: None.

      Formative Assessment and Feedback Information

      This will take place via discussions with supervisors and chapter feedback.

      Students are required to prepare material for the supervisory meetings and informal feedback will be given on these. They are also required to submit one draft chapter of the thesis and written feedback is given on this.

      AC 4530
      DERIVATIVES AND TREASURY MANAGMENT
      CREDIT POINTS 30

      Course Co-ordinator: Professor R Buckland

      Pre-requisite(s): AC 30** Corporate Finance.

      Risk modelling
      Futures
      Futures and hedging
      Pricing and regulatory issues
      Decomposition and synthesis
      Option pricing
      Real options and option applications
      Portfolio performance
      Treasury management
      Development of pricing models
      Regulation and accounting for derivatives

      The course comprises:

      • a series of 24 lectures
      • a series of 6 fortnightly one-hour seminars
      • a series of 12 weekly one-hour computer classes.

      1st Attempt: There are two elements to assessment:
      1. Continuous assessment

      • Group presentation (5%)
      • Individual report,maximum 2,500 words (25%)

      2. Examination
      • objective test (20%)
      • 1 two-hour closed book examination (50%).

      Resit: An objective test and 1 two-hour closed book examination.
      Previous coursework will be taken into account unless doing so would cause a student who passed the resit exam to fail the course overall, in which case the overall mark will be CAS 9. There is no August resit opportunity.

      Formative Assessment and Feedback Information

      This will take place via tutorial discussions and mid-course multiple choice test. Exercises from the textbook.

      Verbal feedback is given during tutorial discussions.

      Answers and marks provided for the multiple choice test
      Answers available for textbook exercises.