2014/15 Undergraduate Module Catalogue

LUBS1235 Introductory Financial Accounting

10 Credits Class Size: 136

Module manager: Mr John Smith
Email: J.E.Smith@lubs.leeds.ac.uk

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2014/15

Pre-requisite qualifications

LUBS1235 is a pre-requisite for the study of the following modules; - LUBS3120 LUBS1235 is a partial pre-requisite for the study of the following modules; - LUBS2205 - LUBS2290 - LUBS2295 - LUBS3540 - LUBS3550

Mutually Exclusive

LUBS1225 Accounting for Managers
LUBS1915 Introduction to Financial Accounting
LUBS1925 Introduction to Management Accounting
LUBS2120 Accounting for Managers
LUBS2235 Introduction to Financial Accounting

This module is approved as a discovery module

Module summary

Most UK organisations produce financial statements that are publicly available. This module will enable students to understand how published information is used to assess company performance using CORE analysis, based on a UK quoted company. It will consider the principles underlying the compilation of financial statements and some of the related problems such as valuation of assets and liabilities. Further information about the Business School is available on the website: <a href= " http://lubswww.leeds.ac.uk/undergraduate/index.php?id=64"target=_blank">Business School</a>

Objectives

On completion of this module, students will:
- be familiar with the meaning of (most) accounting terminology;
- be aware of the types of financial statements that are included in a published set of accounts, and have developed an understanding of how these statements are produced;
- be able to interpret financial information arising from virtually any organisation;
- be able to understand the distinctions between accounting information produced by an organisation for external and internal purposes.

Syllabus

- Essential accounting terminology and concepts, and an introduction to basic financial statements of sole traders and limited companies;
- The preparation of accounts;
- The interpretation of accounts, including an introduction to the calculation and interpretation of financial statements and financial ratios as a means of assessing company performance.

Teaching Methods

Delivery type Number Length hours Student hours
Lecture 11 1 11
Seminar 9 1 9
Private study hours 80
Total Contact hours 20
Total hours (100hr per 10 credits) 100

Private study

For each 10 credits of study taken the expectation is that the normal study time (including attendance at lectures and classes, self-study and revision) is 100 hours.

Opportunities for Formative Feedback

- Students will be given solutions to questions considered in classes.
- In addition on-line MCQ tests will provide further additional feedback.
- There will be an opportunity to receive formative feedback on a practice assignment.

Exams
Exam type Exam duration % of formal assessment
Standard exam (closed essays, MCQs etc) 2.0 Hrs 0 Mins 100
Total percentage (Assessment Exams) 100

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Reading List

The reading list is available from the Library website

Last updated: 2/25/2015

Errors, omissions, failed links etc should be notified to the Catalogue Team