MODULE TITLE
Introduction to Accounting and Finance
MODULE CODE
INT0006
TERM
1
DURATION
WEEKS
CREDIT
VALUE
MODULE CONVENER Debbie Stevens
2
3
Number Students
Taking Module
12
10
(anticipated)
20
170
DESCRIPTION – summary of the module content (100 words)
Accounting, which is concerned with collecting, analysing and communicating financial information, is a key
function in any organisation as it informs decision-making. All business managers should have a working
knowledge of financial reporting and an understanding of the basic techniques of management accounting.
This module, which introduces students to the key financial statements and how to complete and interpret
them, will cover concepts that enable students to understand and evaluate the financial performance and
position of a business.
For this module there is neither a requirement for prior knowledge of accounting and finance, nor prerequisites or co-requisites.
MODULE AIMS – intentions of the module
The aim of the module is to give the student an introduction to financial and management accounting. It
outlines some of the basic accounting concepts and procedures used in the preparation of financial
statements as well as some of those used in management accounting.
Financial terminology in English will be presented and practised through listening, reading, speaking, and
writing.
INTENDED LEARNING OUTCOMES (ILOs) (see assessment section below for how ILOs will be assessed)
On successful completion of this module you should be able to:
Module Specific Skills and Knowledge:
1
demonstrate a basic awareness of the fundamental concepts and principles of accounting in the
preparation of financial and management accounts
2
produce simple financial statements for a business entity
3
use appropriate budgeting and costing techniques to analyse a business situation and make a
reasoned decision.
4
Use ratios to analyse and interpret financial information.
5
demonstrate a knowledge of basic financial terminology when analysing a business situation
Discipline Specific Skills and Knowledge:
6
with guidance, analyse, synthesise and present appropriate information to assist with decision making
7
evaluate different approaches and procedures and apply them to practical situations
Personal and Key Transferable/ Employment Skills and Knowledge:
8
work co-operatively in groups
9
communicate effectively in the written and spoken form
SYLLABUS PLAN – summary of the structure and academic content of the module
 Introduction to Accounting
 Preparation of the financial statements using accounting conventions
 Analysing and interpreting financial reports
 Examining different costing techniques
 Budgeting
 Capital investment appraisal
 Short-term and long-term financing
 Understanding the limitations of financial techniques
1
LEARNING AND TEACHING
LEARNING ACTIVITIES AND TEACHING METHODS (given in hours of study time)
Scheduled Learning &
60 hours
Guided independent
140
Placement/study
Teaching activities
study
hours
abroad
N/A
DETAILS OF LEARNING ACTIVITIES AND TEACHING METHODS
Category
Hours of study time Description
Classes
60
Input of concepts plus in class activities
(individual, paired and group work)
Guided independent study
140
ELE resources consisting of concept &
language resources, news articles
ASSESSMENT
FORMATIVE ASSESSMENT - for feedback and development purposes; does not count towards module grade
Form of Assessment
Size of the assessment
ILOs assessed
Feedback method
e.g. duration/length
Class tests
1 or 2 hours
1-5,9
Written comments at
following tutorial
session
Group presentations
10 minutes
1-9
Immediate verbal
comments from tutor
and peers after delivery
SUMMATIVE ASSESSMENT (% of credit)
Coursework
0%
Written exams
100%
Practical exams
N/A
DETAILS OF SUMMATIVE ASSESSMENT
Form of Assessment
% of
Size of the assessment
credit
e.g. duration/length
Mid-term exam
40%
1.5 hours
ILOs assessed
Feedback method
1-7,9
Marks, examiner
report, individual
feedback on demand.
Marks
Final exam
60%
2 hours
1-7,9
DETAILS OF RE-ASSESSMENT (where required by referral or deferral)
Original form of assessment Form of re-assessment
ILOs re-assessed
Mid-term exam
Exam
As above
Final Exam
Exam
As above
Time scale for reassessment
Sept entry (Cohort 1): with
Jan entry (Cohort 2)
Cohort 2: before the Exam
Board
Cohort 1: with Cohort 2
Cohort 2: before the Exam
Board
RE-ASSESSMENT NOTES
Deferrals
Mid-term Exam: September entry (C1) will sit this exam with January entry (C2.)
Mid-term Exam: Cohort 2 will sit this exam in the resit period before the Cohort 2 Exam Board.
Final Exam: C1 – will sit this exam with January entry (Cohort 2.) semester 1 exams.
Final Exam: C2 – will sit this exam in the resit period before the Cohort 2 Exam Board.
Deferred exams will not be capped. Where only the final exam is deferred, marks for the mid-term exam will
be included in the module grade.
Referrals
Where a student has achieved a mark of less than 40% for the module, they will take a Referral Exam paper
(2 hrs) covering all topics. The exam will be taken in the resit period before the Exam Board and will
constitute 100% of the module grade. The grade for the referral exam will be capped at 40%.
2
RESOURCES
INDICATIVE LEARNING RESOURCES - The following list is offered as an indication of the type & level of
information that you are expected to consult. Further guidance will be provided by the Module Convener.
Basic reading:
Custom textbook: TBC
ELE – http://vle.exeter.ac.uk/course/view.php?id=1912
Web based and electronic resources:
Other resources:
Company annual reports
Class hand-outs and activities
CREDIT VALUE
PRE-REQUISITE MODULES
CO-REQUISITE MODULES
NQF LEVEL (FHEQ)
ORIGIN DATE
KEY WORDS SEARCH
ECTS VALUE
10
20
None
None
AVAILABLE AS DISTANCE LEARNING
3
NO
01/09/2007
LAST REVISION DATE
Aug 6 2015 (JH)
Accounting and Finance
3