Durham University
Programme and Module Handbook

Undergraduate Programme and Module Handbook 2014-2015 (archived)

Module ECOS1181: ACCOUNTING

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

ECOS1181: ACCOUNTING

Type Tied Level 1 Credits 20 Availability Available in 2014/15 Module Cap None. Location Queen's Campus Stockton
Tied to N400

Prerequisites

  • None

Corequisites

  • None

Excluded Combination of Modules

  • None

Aims

  • To enable students to have a sound understanding of the techniques of double entry accounting and can apply its principles in recording transactions, adjusting financial records and preparing non-complex financial statements.

Content

  • Maintaining financial records
  • Adjustments to accounting records and financial statements
  • Preparing financial statements

Learning Outcomes

Subject-specific Knowledge:
  • Have knowledge of the use of double entry accounting techniques and the maintenance of accounting records
  • Be familiar with the processes of accounting cycle completion and making adjustments to accounting records and financial statements
  • Have knowledge of the key factors to take into account when preparing primary financial statements, including balance sheets and income statements
Subject-specific Skills:
  • be able to identify and correct omissions and errors in accounting records and financial statements
  • be able to specify the components of financial statements and prepare and present noncomplex accounts for sole traders, partnerships and limited companies
Key Skills:
  • be able to take responsibility for their own advanced studies, to undertake and manage independent investigation and adhere to deadlines.
  • have developed a range of generic transferable skills relating to library research, synthesis of data, critical thinking, problem solving, creativity, and reflection on learning.
  • be able to communicate effectively through written materials and visual aids.

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

  • Learning will be based on knowledge transfer from lectures, seminars and personal study; investigation of cases and real world organisations which will underpin the seminars will encourage students to develop awareness of cultural differences and apply these to development of their skills in managing themselves and others in such contexts.
  • Seminar activities and discussions will provide the technical awareness of topics in a comprehensive form.
  • The formative assignment will provide feedback to students regarding their understanding of the main concepts and technical treatments.
  • The examination will test students’ understanding of the main concepts and technical treatments through problem solving and reflection on learning.

Teaching Methods and Learning Hours

Activity Number Frequency Duration Total/Hours
Lectures 10 4 Per Week 2 Hours 20
Seminars 4 Weekly 2 Hours 8
Case discussions 1 Annual 2 Hours 2
Preparation and Reading 170
Total 200

Summative Assessment

Component: Examination Component Weighting: 100%
Element Length / duration Element Weighting Resit Opportunity
Written examination 2 hour 15 minutes 100% Same

Formative Assessment:

Online assessment involving technical problem solving


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