Module Title:   Introduction to Accounting

Module Credit:   20

Module Code:   MAN1079L

Academic Year:   2015/6

Teaching Period:   Semester 1

Module Occurrence:   A

Module Level:   FHEQ Level 4

Module Type:   Linked 10+10

Provider:   Management

Related Department/Subject Area:   School of Management

Principal Co-ordinator:   Dr Mohamed Eldaly

Additional Tutor(s):   -

Prerequisite(s):   None

Corequisite(s):   None

Aims:
To provide a broad understanding of financial accounting and management accounting concepts and techniques that are relevant in today`s business environment. This module aims to promote the awareness of issues relating to sustainable and responsible reporting.

Learning Teaching & Assessment Strategy:
There will be a one hour lecture per week followed by a one-hour tutorial. Lectures will cover core concepts and techniques in accounting (LOs 1a and 1b).
Tutorials will offer the opportunity for you to apply core accounting concepts and techniques by working through a set of exercises and case studies Guidance and feedback will be given by the tutors in each tutorial.(LOs2a, 2b, and 2c).
In the tutorials, you will have the opportunity to work in groups to devise and present workable solutions to the accounting problems presented, which will enhance your cognitive and personal skills. You will be required to evaluate the benefits and limitations of different techniques of financial and management accounting. (LOs 3a, and 3c)
Assessment of understanding of the conceptual and practical aspects of the subject, including preparation of accounting information, applications of accounting techniques and analysis of accounting information, will be by way of two one and a half hour examinations at the end of semesters 1 and 2. As stated above, to unify problem, context and solution, in practical applications, case studies and technical exercises will be introduced in the module to enable you to develop your written analysis and reflective observations as the lectures and tutorials progress. The progressive work carried out on these cases will then form part(s) of the exam papers. (LO 3b)

Lectures:   24.00          Directed Study:   150.00           
Seminars/Tutorials:   23.00          Other:   0.00           
Laboratory/Practical:   0.00          Formal Exams:   3.00          Total:   200.00

On successful completion of this module you will be able to...

a) understand the role of financial reporting and management accounting in organisations; and b) understand the key concepts and techniques used in accounting.

On successful completion of this module you will be able to...

a) prepare and interpret financial statements, including understanding their limitations; b) understand the application of management accounting information in organisational decision-making processes; and c) appreciate in broad terms the financial corporate objectives of the organisation.

On successful completion of this module you will be able to...

a) demonstrate numerical skills; b) demonstrate writing skills; c) demonstrate the ability to use computer packages; and d) demonstrate time management skills.

  Examination - closed book 1.50 50%
 
  Examination - closed book - semester 1
  Examination - closed book 1.50 50%
 
  Examination - closed book - semester 2

Supplementary Assessment:
As Original

Outline Syllabus:
The role of accounting and its development.
The nature and significance of accounting information.
Record keeping and data processing.
Financial statements, performance and asset measurement. Accounting concepts and conventions, accounts of limited companies.
Basic interpretation of accounts.
Relevant costs, cost behaviour, break-even analysis, cost-profit-volume analysis, marginal costing.
Full costing; overhead absorption and job costing.
Introduction to budgeting and variance analysis.
Promote awareness of issues related to sustainable and responsible reporting.

Version No:  1