Basic module details

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Module title
Accounting for Management and Economics
Module code
INT1011
Academic year(s)
2015/6
Credits
15
Basic module details
Module staff
Stephen Astbury - Lecturer
Corinne Tuck - Lecturer
Duration (weeks) - term 1
12
Duration (weeks) - term 2
Duration (weeks) - term 3
Number students taking module (anticipated)
50
Description - summary of the module content
Module description
This module is intended for non-accounting students who need an introduction to the role of financial and management
accounting from the perspective of the modern manager.
The internationalisation of accounting standards and management accounting practices is emphasised in the teaching of the
module. This would allow students not only to get an understanding of working abroad in accounting and general business
departments, but also to consider the development and future prospects of related developments.
Sustainable and unsustainable practices will be discussed throughout the module. Corporate accounting is examined as a
whole, not only looking at the financial elements, but also trying to identify patterns and explain the social and environmental
ones.
Since students will be taught current national and international corporate accounting practices, they will acquire an
understanding of basic accounting knowledge that is necessary for working in accounting or general business departments in
the UK or abroad. They will also be able to develop their transferable skills in basic writing, problem solving, numeracy,
communication and time management.
This module is equivalent to BEA1006
Module aims - intentions of the module
Module aims
This module aims to provide students with a broad understanding of the fundamentals of recording transactions, the content of
financial reports, the scope of financial reporting in the UK and the basics of the interpretation of published accounting
information.
The module also introduces management accounting and shows how accounting information can be provided to support an
organisation’s management in decision-making and control. It concludes by examining recent developments in social and
environmental accounting. The overall aim is therefore to give an introduction to accounting from a wider user perspective.
Intended learning outcomes (ILOs)
ILO: Module-specific skills
1. explain and apply the accounting concepts which underpin the IASB accounting framework
2. construct simple statements of financial performance and position and understand the key accounting adjustments made to
these statements
3. understand fundamentals of ratio analysis
4. describe the elements of cost accounting
5. identify different costing systems
6. apply management accounting information for short-run decision making
7. apply management accounting information for long-run decision making employing basic investment appraisal techniques
8. describe the role of budgeting in financial planning and control
ILO: Discipline-specific skills
9. use accounting concepts and conventions to apply accounting principles in practical situations
10. understand how accounting data is used by diverse stakeholder groups
11. with guidance identify, synthesise, analyse and present appropriate information to assist management in controlling the
business and taking financial decisions
ILO: Personal and key skills
12. demonstrate basic written communication skills
13. demonstrate basic problem solving skills
Syllabus plan
Syllabus plan
The accounting world, principles and rules
The accounting equation and financial statements
Adjusting financial statements: accruals, prepayments, depreciation and bad debts.
Introduction to ratio analysis and the cash flow statement
Classification of costs and costing systems (marginal costing)
Principles of capital investment appraisal and long-term decision making
Planning and control – introduction to budgeting
Absorption costing
Learning and teaching
Learning activities and teaching methods (given in hours of study time)
Scheduled Learning and Teaching
Activities
Guided independent study
Placement / study abroad
72
78
0
Details of learning activities and teaching methods
Category
Hours of study time
Description
Contact hours
24
Lectures
36
Seminars
12
Study Clinic
20
Online learning (myaccountinglab)
20
In-house workbook
20
Directed homework
18
Self-study
Independent Learning
Assessment
Formative assessment
Form of assessment
Size of the assessment (eg
length / duration)
ILOs assessed
Feedback method
Online multiple-choice selfcheck questions
6 Hours
1-14
Answers online and in
seminars
Progress Test (Week 5)
2 Hours
1-14
Answers and verbal feedback
in class seminar.
Summative assessment (% of credit)
Coursework
Written exams
Practical exams
30
70
0
Details of summative assessment
Form of assessment
% of credit
Size of the
assessment (eg
length / duration)
ILOs assessed
Feedback method
Online tests using
Pearson
Myaccountinglab.
30
3 x 1 Hour (Weeks 4, 7
and 9)
1-7, 10-14
Online answers
Exam (50% cold
questions; 50% based
upon background
information provided in
advance)
70
2 Hours
1-14
Written.
Re-assessment
Details of re-assessment (where required by referral or deferral)
Original form of assessment Form of re-assessment
ILOs re-assessed
Timescale for reassessment
On-Line tests and
examination
1-14
During the next exam period
Exam (2 hour)
Re-assessment notes
In cases of referral, the exam will replace the total marks for the module. In case of deferral, the final exam is to be retaken and
the mark combined with the marks from the portfolio and online testing.
Resources
Indicative learning resources - Basic reading
Core text:
Atrill and McLaney (2013) Accounting and Finance for Non-Specialists 8th Edition Pearson Education
ISBN 978-0-273-77803-5
Other Useful Resources
Procter, R. (2009) Managerial Accounting for Business Decisions, 3rd edition, Pearson Education.
Dyson, J. (2010) Accounting for non-accounting students, 8th edition, Pearson Education.
ELE – http://vle.exeter.ac.uk (to be written)
Module has an active ELE page?
No
Indicative learning resources - Web based and electronic resources
Pearson Myaccountinglab: http://myaccountinglab.mathxl.com/login_malintl.htm
Indicative learning resources - Other resources
In-house designed progressive workbook with spreadsheet solutions.
"Brett the Brewer" - S.Astbury, Accounting workbook and spreadsheet tutorial.
Other details
Module ECTS
7.5
Module pre-requisites
None
Module co-requisites
None
NQF level (module)
4
Available as distance learning?
No
Origin date
11/06/2014
Last revision date
10/11/2014
Key words search
Introductory accounting, basic accounting, business accounting, accounting
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