Module Information for BF1100, 2015/6 - APPROVED
Module Title/Name: Introduction to Financial Accounting
Module Code: BF1100
School: Aston Business School
Module Type: Standard Module
New Module? No
Module Credits: 10
Module Management Information
Module Leader Name
Email Address
Telephone Number
Office
Ilias Basioudis
I.G.Basioudis@aston.ac.uk
+44 (0) 121204 3024
ABS408
Additional Module Tutor(s):
None Specified
Level Description:
Cert He/Level 4 (Enhanced Honours)
Programmes in which available:
BSc International Business And Economics. BSc
Economics And Management. BSc Finance. BSc
Accounting For Management.
Contributing School & Subject Groups (and %):
None
Credit Value & ECTS Credits:
10
Available to Exchange Students?
No
Module Dependencies
Pre-requisites:
None Specified
Co-requisites:
None Specified
Prohibited Combinations:
None Specified
Module Learning Information
Module Aims:
The overall aim of the module is to familiarise intending business managers with financial accounting, so that they can manage
more effectively by using and understanding information produced by the accounting system of the firm. In addition, for those
students continuing accounting studies, the module provides a general foundation upon which later more detailed studies can be
built.
Module Learning Outcomes:
On successful completion of the module students will be able to:? understand the terminology of financial accounting
? perform fundamental accounting operations including ledger keeping
? prepare key accounting statements
? understand and explain accounting concepts
? communicate with accounting professionals
Indicative Module Content:
Week 1 Introduction to the module. Basic accounting concepts and principles.
Week 2 The accounting equation. Assets, liabilities, revenues and expenses. Introduction to double entry bookkeeping.
Week 3 Double entry bookkeeping. Trial Balance. Balance sheet and Income Statement .
Week 4 Credit sales and bad debts, accruals and prepayments.
Week 5 Reading week.
Week 6 Skills and Study week
Week 7 Accruals and prepayments .
Week 8 inventory and inventory valuation methods.
Week 9 Capital and revenue expenditure. Depreciation .
Week 10 Transaction processing and recording, dealing with adjustments and provisions, incomplete records.
Week 11 Accounts for incorporated firms and outline of published accounts.
Week 12 Revision class/workshop.
Weeks 13/14 Exams weeks.
International Dimensions:
International comparisons are discussed throughout the module.
Corporate Connections:
A number of accounting firms collaborate with Aston Business School in many areas. The BF1100 module has
corporate/professional connections with Birmingham?s accounting firms. One of them is that some of these firms are engaged
partly in the teaching of this module.
Ethical Approval:
No primary research is expected to be done by students and no ethical approval for research is required in this module.
Links to Research:
The academic staff responsible for delivering the module is research active in the areas of auditing, financial accounting, financial
reporting, and accounting and auditing education. His research may be discussed in lectures and tutorials throughout the module.
Ethics, Social Responsibility and Sustainability:
Where it is appropriate, references to professional ethics, relevant international/national standards, codes of conduct,
environmental sustainability, accountability, and transparency is incorporated in the teaching of the module.
Module Delivery
Methods of Delivery & Learning Hours (by each method):
Method of Delivery
Learning Hours
Lecture:
22 hours
Tutorial:
10 hours
Independent Study:
43 hours
Online Activity:
20 hours
Formative Assessment:
Total Learning Hours:
5 hours
100 hours
Learning & Teaching Rationale:
Method of Teaching ? Lectures and tutorials and various online activities.
Lectures (2 hours per week for 10 weeks, weeks 1-10) are used to introduce the key concepts and theories.
Tutorials (1 hour per week for 10 weeks, weeks 2-11) provide an opportunity to clarify and reinforce students? understanding of
the subject and give them more practice in solving accounting problems.
Week 12 is a revision week where the material taught during the first 11 weeks are revised during the 2-hours lecture.
Formative online tests, online discussion board, and lecture and tutorial online activities are incorporated in the module.
Module Assessment
Methods of Assessment & associated weighting (including approaches to formative assessment as well as summative):
Assessment Type
Category
Duration/
Submission
Date
December/January
Exam
Closed
Book
3:00hrs
Details
Class Test
Details
Common Modules/
Exempt from
Anonymous
Marking
Assessment Weight
no
70%
The closed book class test format at the end of term 1 is used to
assess whether students have understood the key techniques and
can apply them to relevant examples.
Closed
Book
1:00hrs
no
30%
The multiple choice class is an one-hour formal class test
consisting of multiple-choice questions during week 10. It is used to
assess the learning objectives and skills students have acquired.
This test is used explicitly to guide students in their study and to
assist them in judging their strengths and weaknesses before the
final exam at the end of term 1.
Total:
100%
Method of Submission:
Hard Copy Only
Assessment Rationale:
The multiple choice class is an one-hour formal class test consisting of multiple-choice questions during week 10. It is used to
assess the learning objectives and skills students have acquired. This test is used explicitly to guide students in their study and to
assist them in judging their strengths and weaknesses before the final exam at the end of term 1.
The closed book class test format at the end of term 1 is used to assess whether students have understood the key techniques
and can apply them to relevant examples.
Feedback Rationale:
Ongoing feedback is provided via BB online, during the lectures in the class, via email exchange, and during the office hours of the
lecturer and the tutors.
Module Teaching Frequency, Room & AV Requests
Teaching Frequency:
2-hours lecture every week plus weekly tutorials in weeks 2-12 in
Term 1.
Room & AV Requirements:
Powerpoint, internet, and playing video clips Lecture
theatre