Module Details

BE100-4-FY-CO: Introduction To Accounting

Year: 2017/18
Department: Essex Business School
Essex credit: 30
ECTS credit: 15
Available to Study Abroad / Exchange Students: No
Full Year Module Available to Study Abroad / Exchange Students for a Single Term: No
Outside Option: Yes
Comments: Check moodle pages for up to date module information. If you don't have access to moodle contact for further information

Supervisor: Dr Silvia Gaia
Teaching Staff: Silvia Gaia, Diogenis Baboukardos, Anastasia Kopita, Kamran Malikov, Elmahgoub Mohamed, Adams Jackson
Contact details: Email:

Module is taught during the following terms
Autumn Spring Summer

Module Description

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.


After having completed this module students should 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.

Learning and Teaching Methods

The module comprises one lecture and one class per week, 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.


50 per cent Coursework Mark, 50 per cent Exam Mark


Coursework (comprising 50% of your total mark) This comprises three separate elements: o Completion of 10 tests in class during the Autumn and Spring terms, which contribute 10% to the module assessment. The tests will commence in week 6 and further details will be provided in the Autumn term. o One take-home assignment (due in the Spring term), which contributes 20% to the module assessment. Further details of the essay will be given in the Autumn term. o One test in the Spring term, which contributes 20% to the module assessment. This will be done using MyAccountingLab. Please refer to the Essex Business School handbook for dates.

Exam Duration and Period

3:00 during Summer Examination period.

Other information

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:

Develop a range of technical skills enabling them to analyse data and identify key features

Develop problem solving skills relating to financial accounting issues

Improve their digital and technical fluency by using the software package MyAccountingLab

Identify and critically evaluate key features and arguments covered in texts

Improve their communication skills by entering into discussions in class

Work independently and in a sustained manner to undertake the 10 class tests (time keeping skills)

Improve your commercial awareness with examples taken from Annual Reports being used in lectures and classes

Develop coherent and well-structured lines of argument supported by relevant analysis and concepts


  • All reading lists are available here:

Further information