Durham University
Programme and Module Handbook

Undergraduate Programme and Module Handbook 2014-2015 (archived)

Module ECOS1081: INTRODUCTION TO FINANCIAL ACCOUNTING

Department: Business School (Economics and Finance) [Queen's Campus, Stockton]

ECOS1081: INTRODUCTION TO FINANCIAL ACCOUNTING

Type Tied Level 1 Credits 20 Availability Available in 2014/15 Module Cap None. Location Queen's Campus Stockton
Tied to NN43
Tied to N200
Tied to N420

Prerequisites

  • None.

Corequisites

  • None.

Excluded Combination of Modules

  • None.

Aims

  • To introduce the basic concepts of financial and management accounting and to enable students to understand the financial accounting reports.
  • To investigate the different treatments of financial statements’ components. .

Content

  • Definition of Accounting and objectives of Accounting.
  • Income determination and difference between income and cash.
  • Accounting concepts and statements.
  • Financial statements preparation.

Learning Outcomes

Subject-specific Knowledge:
  • By the end of this module, student should have:
  • a basic knowledge of the legal structure of organisations.
  • an understanding of basic financial accounting concepts and the ability to apply these to produce simple financial accounting reports.
  • appreciation of the limitations of financial accounting reports.
Subject-specific Skills:
  • understanding of the needs of users for financial information
  • understanding of how accounting tries to fulfil needs of users
Key Skills:
  • Written Communication - through summative assessment.
  • Planning, Organisation and Time Management - by preparing for examinations.
  • Problem Solving and Analysis - by applying the necessary analytical and quantitative skills, as well as the ability to manipulate concepts in Financial Accounting.
  • Numeracy - by applying core mathematical skills to answer a range of examination questions.
  • Computer Literacy and Information Retrieval - by accessing and downloading teaching material from DUO

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

  • Teaching is by lectures and tutorials. Learning takes place through attendance at lectures, preparation for and participation in seminar classes, and private study. Formative assessment is by means of one computer-based Multiple Choice test. Summative assessment is by means of a written examination.

Teaching Methods and Learning Hours

Activity Number Frequency Duration Total/Hours
Lectures 38 2 per week 1 hr 38
Seminars 8 1 per fortnight 1 hr 8
Preparation and Reading 154
Total 200

Summative Assessment

Component: Examination Component Weighting: 100%
Element Length / duration Element Weighting Resit Opportunity
One written examination 2 hours 15 mins 100%

Formative Assessment:

Two or more Multiple Choice Tests


Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University