IA174-3-FY-CO:
Introduction to Accounting and Finance
2022/23
Essex Pathways
Colchester Campus
Full Year
Foundation/Year Zero: Level 3
Current
Thursday 06 October 2022
Friday 30 June 2023
30
08 April 2022
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),
BSC N114CO 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
Growth mind-set & planning your student journey
Introduction to accounting & starting a company
Income/expenditure/assets/liabilities/equity explanation & accounting equation
Income statement
Statement of financial position
Accounting ratios 1
Accounting ratios 2 & annual reports
Essay submission work (drafts)
Putting it all together – Income statement, statement of financial position with accruals, prepayments and depreciation
Introduction to Finance; corporate vs investments, functions
Long-term finance; debt and equity
Short-term capital; working capital
Financing strategies
Capital/financial markets
Investment appraisal
Introduction to banking
Financial intermediaries
Skills for your professional life (Transferable Skills)
By the end of this module, you will have been offered opportunities:
1) To improve your financial literacy and numeracy skills;
2) To improve your commercial awareness by familiarising with the current developments in accounting and finance;
3) To enhance your communication skills in class discussions;
4) To develop a growth mind set, your personal plan of setting targets and time management to undertake coursework and exam.
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 4 hours of teaching per week over 22 weeks. Each week’s instruction consists of 1 x 2-hour lecture 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.
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.
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 |
Mylab timed Finance Test - Tuesday 14 March 2022 |
|
25% |
| Coursework |
Accounting Essay - 1,000 words |
|
25% |
| Written Exam |
24 Hour Remote Test - Monday 15 May 2023 |
|
50% |
Additional coursework information
Formative assessment
The first formative assessment is a draft essay in week 9. Even though this is not graded, feedback on this work should be incorporated in final essay submitted in week 11. Students will also be required to submit a mock test during the Spring Term, in week 21. 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.
Mylab timed finance test (1 hr and 30 mins, 25%) - examines students’ understanding of corporate finance material covered in the Spring Term.
24-hour remote test (50%) - the test includes questions covering any of the topics taught and included in the syllabus.
Reassessment strategy
Failed coursework - resit a 24-hour remote test which will be marked as 100% of the new module mark. The reassessment task will enable the relevant learning outcomes to be met.
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
Miss Jan O'Driscoll
University of Chester
Dean of Lifelong Learning and Director of Foundation Years
Available via Moodle
Of 171.5 hours, 168 (98%) hours available to students:
2 hours not recorded due to service coverage or fault;
1.5 hours not recorded due to opt-out by lecturer(s), module, or event type.
Essex Pathways
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