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AC1515: ACCOUNTING AND ENTREPRENEURSHIP (2017-2018)

Last modified: 24 Jul 2017 12:28


Course Overview

This is an introduction to accounting which aims to provide an understanding of how organisations – particularly small and medium sized businesses – capture, create and use accounting information both to guide their activities internally within the management function and to communicate their financial performance and position to external users of the accounts.  This course allows students to develop practical and analytical skills through a problem-solving approach to accounting-related aspects of business performance reporting and control, particularly in relation to bookkeeping, accounts preparation, budgeting and management accounting.

Course Details

Study Type Undergraduate Level 1
Session Second Sub Session Credit Points 15 credits (7.5 ECTS credits)
Campus None. Sustained Study No
Co-ordinators
  • Dr Naser Makarem

What courses & programmes must have been taken before this course?

  • Any Undergraduate Programme (Studied)
  • Either Programme Level 1 or Programme Level 2

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

None.

Are there a limited number of places available?

No

Course Description

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

Degree Programmes for which this Course is Prescribed

  • Accountancy Joint
  • Accountancy Major
  • Bachelor Of Science In Business Mngmt & Information Systems
  • Bachelor of Laws with Options in Accountancy (Hons)
  • Finance Joint
  • MA Accountancy
  • MA Accountancy-Finance
  • MA Accountancy-Legal Studies
  • MA Business Management
  • MA Economics-Finance
  • MA Information Systems and Management
  • Management Studies Joint
  • Management Studies Major

Contact Teaching Time

72 hours

This is the total time spent in lectures, tutorials and other class teaching.

Teaching Breakdown


Assessment

1st Attempt

  • One 2-hour closed-book written examination (70%)
  • 3 x online quizzes (30%)

Resit

 

  • One 2-hour written examination (100%)

 

Formative Assessment

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.

Feedback

Customised feedback provided through the return by tutors of marked work.

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