This module will give a broad overview of the basic components of financial and management accounting that are relevant to a small or medium sized business. It will focus on flows of accounting data that lead to the preparation of final accounts and will integrate relevant elements of management accounting to provide a fundamental view of the financial management environment of a business. The aim of this module is to facilitate knowledge of the underlying principles of financial and management accounting, and to enable the student, through the embedding of key skills, to perform a set of basic accounting tasks.
Users of Accounting Information
Double Entry Accounting
Final Accounts of a Sole Trader with Appropriate Adjustments
Ratio Analysis
Cash Budgeting and Projections
Much of the delivery will be in lecture format. Students will be expected to integrate data from other modules into the accounting framework. Students will actively learn about the significance of basic financial management through student centred strategies such as class discussion, use of guest lecturers, problem solving exercises and case studies. The above strategies will be augmented with cross module, team based projects and self - directed learning
| Module Content & Assessment | |
|---|---|
| Assessment Breakdown | % |
| Formal Examination | 60 |
| Other Assessment(s) | 40 |