2018/19 Undergraduate Module Catalogue

LUBS1235 Introductory Financial Accounting

10 Credits Class Size: 187

Module manager: Malek El Diri
Email: M.ElDiri@leeds.ac.uk

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2018/19

Mutually Exclusive

LUBS1225 Accounting for Managers
LUBS1915 Introduction to Financial Accounting
LUBS1925 Introduction to Management Accounting
LUBS2035 Finance for Small Business
LUBS2120 Accounting for Managers

This module is approved as a discovery module

Module summary

The module is intended for non-accounting specialists and aims to introduce you to the basic concepts of financial accounting and interpretation of financial statements in a business context. The module provides an insight into how financial information is used and reported in business and provides a platform for those interested in pursuing the more advanced financial accounting modules in levels 2 and 3.

Objectives

The aim of this module is to introduce students to the basic concepts of financial accounting and interpretation of financial statements in a business context and provide grounding in the basic concepts of financial accounting.

Learning outcomes

Upon completion of this module students will be able to:
- Recognise and explain how simple financial transactions are recorded and outline the current technical standards, language and practices of accounting
- Interpret financial and non-financial information and data to provide a basic insight into the operations of a simple business

Skills outcomes

Upon completion of this module students will be able to:
Transferable
- Extract relevant information from structured scenarios and data to identify problems and define solutions

Subject specific
- Competently apply numerical skills to manipulate and interrogate financial data

Syllabus

Indicative Content
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 10 1 10
Private study hours 79
Total Contact hours 21
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

The resit for this module will be 100% by 2 hour examination.

Reading List

The reading list is available from the Library website

Last updated: 12/12/2018

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