5B002E - Applied Accounting 01 Sep 2026 - 31 Aug 2032 | Version 0
Associated Module Information
| Module Code: | 5B002E | ||
|---|---|---|---|
| Module Title: | Applied Accounting | ||
| Faculty: | Faculty of Business and Creative Industries | ||
| Faculty Group: | Business Management | ||
| Faculty Sub Group: | Business Management | ||
| Module Leader: | Lucie Corcoran | ||
| Module Team: | Donald Amuah, Louise Miles, Liam Newton | ||
| First Intended Intake: | SEP 2026 | Final Year of Intake: | 2031 |
| Date Closed: | |||
| Credit Value: | 30 | Credit Level: | 5 |
| Language: | English | ||
| Percentage of Module Taught in Welsh: | 0 | ||
| Equivalent Module: | |||
| HECOS codes: | 100105 - accounting | ||
| HECOS Code Weighting: | 100 | ||
Document Version Information
| Version | 0 |
|---|---|
| Valid From | 01 Sep 2026 |
| Valid To | 31 Aug 2032 |
Module Aims
The main aims of the module are:
Gain a solid understanding of key accounting terms and the foundational rules that govern how companies report their finances.
Develop a keen awareness of the broader financial, business, and economic landscapes and how these external factors impact a company's major financial choices.
Master the core principles of both financial accounting (reporting to external parties like investors) and management accounting (reporting to internal managers). This will enable you to create, analyse, and critically assess financial statements and calculations. These skills are essential for making informed decisions related to monitoring, control, regulatory compliance, and overall business strategy.
Content Summary
No business can exist and operate without managing their finances. Understanding finances - how it is generated, invested, spent, and managed - is central to the role of any manager.
This module elevates students’ financial literacy, transforming their ability to understand, create, and assess financial information. It's built for those who manage financial resources, work alongside accountants, or lead business units.
Students taking this module will learn to decipher the specialised language of finance and apply that knowledge to complex, real-world scenarios. We'll focus on how key business and economic factors influence financial outcomes - and allow managers to strategically shape the direction of an organisation.
Students will also develop the analytical skills needed to deconstruct and assess investment choices made by companies, as revealed through their financial reporting - and enabling a holistic and proactive perspective on business performance.
Learning and Teaching Methods
| Activity Type | Hours |
|---|---|
| Lectures | 12 |
| Practical Classes and Workshops | 44 |
| Groupwork | 50 |
| Guided Study | 114 |
| Formative Assessment | 20 |
| Summative Assessment | 60 |
| Total Hours Selected | 300 |
Learning Outcomes
| # | Learning Outcome |
|---|---|
| LO1 | Demonstrate the essential language and principles of accounting to effectively create and critically analyse a company's financial information. |
| LO2 | Critically evaluate financial practices, and be able to assess modern techniques for budgeting and investment decisions, how the economy influences these practices, and how financial data is used to make key business decisions. |
Module Requisites
N/A
Assessment Criteria
| Assessment Category | Assessment Type | Description | Duration | Word Count | Weight (%) | Best of? | Pass Mark |
|---|---|---|---|---|---|---|---|
| Asynchronous Assessment | Portfolio 1 | Students will learn to apply theoretical concepts to real-world problems and will be challenged to use their own research and critical thinking, including a project where they act as consultants for a partner company | 0 | 3000 | 100 | No | 40 |
Assessment Matrix
| Assessment Type | Learning Outcomes | ||
|---|---|---|---|
| LO1 | LO2 | ||
| Portfolio 1 | ✔ | ✔ | |