BE100-4-FY-CO:
Introduction to Accounting
PLEASE NOTE: This module is inactive. Visit the Module Directory to view modules and variants offered during the current academic year.
2023/24
Essex Business School
Colchester Campus
Full Year
Undergraduate: Level 4
Inactive
Thursday 05 October 2023
Friday 28 June 2024
30
30 April 2021
Requisites for this module
(none)
(none)
(none)
(none)
BE110, BE111, BE120, BE132, BE142, BE936
This is a full year module, which introduces students to certain principles and techniques of accounting. Although the module is intended as an introduction for students majoring in accounting it should also be of benefit to other students who wish to gain some insight into the practices of accounting.
The module will commence with a discussion of the nature and role of accounting and will consider who uses accounting information and for what purposes. After this, the module will be concerned with the processes used to record, summarise and present accounting data. The objective of this part of the module is to enable students to prepare company financial statements.
The module will also include discussion of the techniques that can be used to analyse and interpret financial statements. In addition, the need for and various sources of accounting regulation will be discussed.
The module aims to introduce to the students the basic concepts of financial accounting and interpretation of financial statements. It aims to provide students with a foundation in double-entry bookkeeping, to enable them to understand and measure the results of the activities of companies and prepare the financial statements for different types of entities.
On successful completion of the module, students will be able to:
1. Describe the role and limitations of financial reporting in providing useful information to decision-makers.
2. Prepare a set of financial statements for a company from a trial balance and incorporating a variety of simple adjustments.
3. Analyse a set of financial statements and explain the limitations of techniques of analysis.
4. Describe the need for regulating the practice of financial reporting.
Skills for Your Professional Life (Transferable Skills)
The module is specifically designed to provide students with a set of transferable skills which will be applicable in their professional life. Specifically, the module seeks to support students to:
1. Develop a range of technical skills enabling them to analyse data and identify key features
2. Develop problem solving skills relating to financial accounting issues
3. Improve their digital and technical fluency by using the software package MyAccountingLab
4. Identify and critically evaluate key features and arguments covered in texts
5. Improve their communication skills by entering into discussions in class
6. Work independently and in a sustained manner to undertake two computer-based tests (time keeping skills)
7. Improve their commercial awareness with examples taken from Annual Reports being used in lectures and classes
8. Develop coherent and well-structured lines of argument supported by relevant analysis and concepts
The module comprises one lecture and one class per week as well as workshops offered fortnightly, over 20 weeks. The purpose of the lecture is twofold: first, to discuss and outline the appropriate analytical concepts and their ramifications and, second, to stimulate your interest and direct your reading. It is very important that students complete all the readings immediately after each lecture because these are an integral part of the course.
The purpose of the classes is for you to demonstrate that you can apply the analytical concepts and general principles to particular problems. These problems, which are a mixture of technical exercises and discussion topics, must be prepared in advance of the designated class. You should note that it may not be possible to cover the answers to all questions in class but, nevertheless, it is expected that students will attempt all the questions set. The purpose of the workshops is to answer your questions from the previous two weeks
In academic year 2021-22 the delivery may involve online learning.
This module does not appear to have a published bibliography for this year.
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
| Exam |
Main exam: Remote, Open Book, 180 minutes during Summer (Main Period)
|
| Exam |
Reassessment Main exam: Remote, Open Book, 180 minutes during September (Reassessment Period)
|
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Overall assessment
Reassessment
Module supervisor and teaching staff
Dr Diogenis Baboukardos, email: d.baboukardos@essex.ac.uk.
Dr Chaoyuan She, email: c.she@essex.ac.uk.
AU Term: Chaoyuan & Rebecca; SP Term: Diogenis Baboukardos & Hao
ebsugcol@essex.ac.uk
No
Yes
No
Dr Idlan Rabihah Zakaria
Available via Moodle
Of 2544 hours, 0 (0%) hours available to students:
2544 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).
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