IA174-3-FY-CO:
Introduction to Accounting and Finance
2021/22
Essex Pathways
Colchester Campus
Full Year
Foundation/Year Zero: Level 3
Current
Thursday 07 October 2021
Friday 01 July 2022
30
04 October 2021
Requisites for this module
(none)
(none)
(none)
(none)
(none)
BSC N401 Accounting (Including Foundation Year),
BSC NN43 Accounting and Finance (Including Foundation Year),
BSC NN42 Accounting and Management (Including Foundation Year),
BSC N4L1 Accounting with Economics (Including Foundation Year),
BSC N391 Banking and Finance (Including Foundation Year),
BBA N104 Business Administration (Including Foundation Year),
BBA N104CO Business Administration (Including Foundation Year),
BA L102 Economics (Including Foundation Year),
BSC L103 Economics (Including Foundation Year),
BSC N301 Finance (Including Foundation Year),
BSC GN18 Finance and Mathematics (Including Foundation Year),
BA L118 Financial Economics (Including Foundation Year),
BSC L117 Financial Economics (Including Foundation Year),
BA L160 International Economics (Including Foundation Year),
BSC L161 International Economics (Including Foundation Year),
BA LX14 Financial Economics and Accounting (Including Foundation Year),
BSC N347 Finance and Management (Including Foundation Year),
LLB MN13 Law with Finance (Including Foundation Year),
BSC N358 International Business and Finance (Including Foundation Year),
BSC N358CO International Business and Finance (Including Foundation Year),
BSC N114 Business Administration and Supply Chain Management (Including Foundation Year)
The module aims to provide students with a basic understanding of essential elements of Financial Accounting and Corporate Finance. The syllabus will cover growth-mindset and planning, types of business, financial statements, ratio analysis, corporate finance functions, long-term and short-term finance, financing strategies, investment appraisal and Portfolio Theory.
1. To ensure students understand income statement and statement of financial position preparation by including simple adjustments
2. To enable students to interpret annual reports
3. To give students the opportunity to understand the difference between long-term and short-term finance for organisations
4. To equip students with investment appraisal techniques and understand the role of financial intermediaries
1. An ability to understand income statement and statement of financial position preparation by including simple adjustments
2. An ability to undertake ratio analysis and interpret annual reports
3. An appreciation of difference between long-term and short-term finance for organisations
4. An ability to conduct simple investment appraisal and understand the role of financial intermediaries
Syllabus
University
calendar Lecture Content
Week 2 1 Growth mind-set & planning your student journey
Week 3 2 Introduction to accounting & starting a company
Week 4 3 Income/expenditure/assets/liabilities/equity explanation & accounting equation
Week 5 4 Income statement
Week 6 5 Statement of financial position
Week 7 6 Accounting ratios 1
Week 8 7 Accounting ratios 2 & annual reports
Week 9 8 Essay submission work (drafts)
Week 10 9 Depreciation, accruals & prepayments
Week 11 10 Putting it all together – Income statement, statement of financial position with accruals, prepayments and depreciation
Weeks 12-15 Christmas break
Week 16 11 Introduction to Finance; corporate vs investments, functions
Week 17 12 Long-term finance; debt and equity
Week 18 13 Short-term capital; working capital
Week 19 14 Mock test
Week 20 15 Financing strategies
Week 21 16 Capital/financial markets
Week 22 17 Investment appraisal
Week 23 18 Finance test
Week 24 19 Introduction to banking
Week 25 20 Financial intermediaries
Weeks 26-29 Easter break
Week 30 21 No lecture. One tutorial and one Accounting and Finance revision class
Week 31 22 No lecture. One tutorial and one Accounting and Finance revision class
Assessment
Formative assessment
Students will be required to submit a mock test during the spring term, in week 19. This will not be graded, but feedback and guidance will be given as to how this could be improved in the future. The purpose of the formative assessment is to ensure that students become familiar with not only the test in week 23 but also prepared for exam style-questions.
Summative Assessment
- Accounting essay, (1,000 words, 25%) -the first essay assesses students' understanding of accounting by analysing performance of a real company using accounting knowledge gained in the autumn term.
- A 90-minute online finance test (25%) - examines students' understanding of corporate finance material covered in spring term.
- A 24-hour take home exam (50%) - the take home examination includes questions covering any of the topics taught and included in the syllabus.
Reassessment strategy
Failed Coursework - resubmit a 24-hour take home exam which will be marked as 100% of the new module mark. The reassessment task will enable the relevant learning outcomes to be met.
Teaching and learning on Essex Pathways modules offers students the ability to develop the foundation knowledge, skills, and competences to study at undergraduate level, through a curriculum that is purposely designed to provide an exceptional learning experience. All teaching, learning and assessment materials will be available via Moodle in a consistent and user-friendly manner..
This module is delivered by four hours of teaching per week over 22 weeks. Each week’s instruction consists of 1 x 1-hour online, pre-recorded lecture, 1 x 1-hour tutorial and 1 x 2-hour class.
Lectures - will introduce several of the units from the course textbook outline and identifies the key points of the subjects under discussion..
Tutorials - will provide an opportunity for students to ask questions and discuss the lecture and ensure understanding of the content covered in the lecture, e.g. by zoom (synchronous, timetabled) or Moodle forum / e-mail (asynchronous)..
Classes: students will be given the opportunity to discuss any issues relating to the module material and will work individually and in groups on a range of class exercises..
Learning support .
Summarised lecture material is provided using PowerPoint presentations, which are available on Moodle. Students will be given exam typed questions and relevant articles to work on in classes and all such work will be given feedback..
Discussion and debate on relevant topics will be encouraged. Solutions to tests and past exam papers will also be discussed in class. Students can also contact the Module Leader for any questions via email (hyakubu@essex.ac.uk) or during Academic Support Hours, which are published on the course Moodle site. Academic support hours will also be done online via Zoom.
This module does not appear to have a published bibliography for this year.
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
| Coursework |
Online timed Finance Test - 10 March 2022 |
|
25% |
| Coursework |
Accounting Essay - 1,000 words |
|
25% |
| Written Exam |
IA174 - 24 Hour Take Home Exam - Monday 9 May |
|
50% |
Additional coursework information
This module is core for Essex Pathway students who wish to study courses in the Department of Economics or Essex Business School.
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
Mr Haji Yakubu, email: hyakubu@essex.ac.uk.
Haji Yakubu
Helen Hearn (hhearn@essex.ac.uk or 01206 872842)
No
No
Yes
No external examiner information available for this module.
Available via Moodle
Of 90 hours, 69 (76.7%) hours available to students:
21 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s), module, or event type.
Essex Pathways
Disclaimer: The University makes every effort to ensure that this information on its Module Directory is accurate and up-to-date. Exceptionally it can
be necessary to make changes, for example to programmes, modules, facilities or fees. Examples of such reasons might include a change of law or regulatory requirements,
industrial action, lack of demand, departure of key personnel, change in government policy, or withdrawal/reduction of funding. Changes to modules may for example consist
of variations to the content and method of delivery or assessment of modules and other services, to discontinue modules and other services and to merge or combine modules.
The University will endeavour to keep such changes to a minimum, and will also keep students informed appropriately by updating our programme specifications and module directory.
The full Procedures, Rules and Regulations of the University governing how it operates are set out in the Charter, Statutes and Ordinances and in the University Regulations, Policy and Procedures.