AF3S152 - Principles of Accounting 01 Aug 2021 - 31 Aug 2027 | Version 1
Associated Module Information
| Module Code: | AF3S152 | ||
|---|---|---|---|
| Module Title: | Principles of Accounting | ||
| Faculty: | Faculty of Business and Creative Industries | ||
| Faculty Group: | Accounting and Finance | ||
| Faculty Sub Group: | Accounting and Finance | ||
| Module Leader: | Alison Lane, louise miles | ||
| Module Team: | Tammy Laugharne, Adrienne Evans, , Natalie Bartram, Louise Hung, Lucie Corcoran, Liam Hutchinson, Claire Reed, , Jared Davies | ||
| First Intended Intake: | SEP 2021 | Final Year of Intake: | 2026 |
| Date Closed: | |||
| Credit Value: | 20 | Credit Level: | 6 |
| Language: | English | ||
| Percentage of Module Taught in Welsh: | 0 | ||
| Equivalent Module: | |||
| HECOS codes: | 100845 - financial reporting | ||
| HECOS Code Weighting: | 100 | ||
Document Version Information
| Version | 1 |
|---|---|
| Valid From | 01 Aug 2021 |
| Valid To | 31 Aug 2027 |
Module Aims
To develop a knowledge and understanding of the fundamental principles of financial accounting, financial reporting and management accounting in a business management context.
Content Summary
• Fundamental financial accounting principles and their practical application.
• The structure, content and preparation of the main financial statements used in business.
• The analysis and interpretation of financial statement information.
• Cost accounting principles, terminology and application in a business context.
• Budgeting theory and practice.
• Sources of business finance and investment appraisal techniques
Learning and Teaching Methods
| Activity Type | Hours |
|---|---|
| Groupwork | 8 |
| Formative Assessment - Independent | 2 |
| Directed Study | 40 |
| Independent Study | 110 |
| Practical classes and workshops | 30 |
| Lecture | 10 |
| Total Hours Selected | 200 |
Learning Outcomes
| # | Learning Outcome |
|---|---|
| LO1 | Explain the nature, source and purpose of financial and management accounting information and develop critical analytical skills in evaluating the usefulness of such information. |
| LO2 | Prepare financial and management accounting information in a business context, applying appropriate accounting techniques. |
Module Requisites
N/A
Assessment Criteria
| Assessment Category | Assessment Type | Description | Duration | Word Count | Weight (%) | Best of? | Pass Mark |
|---|---|---|---|---|---|---|---|
| Set Exercise - Time Constrained (EX) | Classroom Test Time Constrained (EX) 2 | In class time constrained test | 120 | N/A | 50 | No | 40 |
| Set Exercise - Time Constrained (EX) | Classroom Test Time Constrained (EX) 1 | In class time constrained test | 120 | N/A | 50 | No | 40 |
Assessment Matrix
| Assessment Type | Learning Outcomes | ||
|---|---|---|---|
| LO1 | LO2 | ||
| Classroom Test Time Constrained (EX) 2 | ✔ | ✔ | |
| Classroom Test Time Constrained (EX) 1 | ✔ | ✔ | |