Undergraduate Programme and Module Handbook 2020-2021 (archived)
Module ACCT1041: INTRODUCTION TO FINANCIAL ACCOUNTING
Department: Accounting
ACCT1041:
INTRODUCTION TO FINANCIAL ACCOUNTING
| Type |
Tied |
Level |
1 |
Credits |
20 |
Availability |
Available in 2020/21 |
Module Cap |
None. |
Location |
Durham
|
| Tied to |
NN43 |
| Tied to |
N302 |
| Tied to |
N304 |
| Tied to |
N305 |
| Tied to |
N306 |
| Tied to |
N307 |
| Tied to |
NN42 |
| Tied to |
N204 |
| Tied to |
N206 |
Prerequisites
Corequisites
Excluded Combination of Modules
Aims
- To introduce the basic concepts of financial accounts' preparation 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, including cash flow statement.
- Interpretation of accounts using ratio
analysis.
Learning Outcomes
- 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.
- understanding of the needs of users for financial information
- understanding of how accounting tries to fulfil needs of users
- Written Communication
- Planning, Organisation and Time Management
- Problem Solving and Analysis
- Numeracy
- Computer Literacy and Information Retrieval
Modes of Teaching, Learning and Assessment and how these contribute to
the learning outcomes of the module
- Learning takes place through attendance at, preparation for, and participation in lectures, seminars, directed study, and independent study.
- Formative assessment is by means of
an assessment examining a financial accounting topic(s).
- Summative assessment is by means of a written examination.
Teaching Methods and Learning Hours
| Activity |
Number |
Frequency |
Duration |
Total/Hours |
|
| Lectures |
10 |
1 per week |
3 hour |
30 |
|
| Seminars |
10 |
1 per week |
1 hour |
10 |
|
| Preparation and Reading |
|
|
|
160 |
|
| Total |
|
|
|
200 |
|
Summative Assessment
| Component: Examination |
Component Weighting: 100% |
| Element |
Length / duration |
Element Weighting |
Resit Opportunity |
| One written examination |
2 hours |
100% |
same |
An assignment on a financial accounting topic(s).
■ 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
