2012/13 Undergraduate Module Catalogue

LUBS1915 Introduction to Financial Accounting

10 Credits Class Size: 120

Module manager: Miss Joanna Ying Ye
Email: yy@lubs.leeds.ac.uk

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2012/13

Co-requisites

LUBS1925 Introduction to Management Accounting

Module replaces

LUBS1920 Introduction to Accounting & Financial Management

This module is not approved as an Elective

Objectives

To introduce students to the basic concepts of financial accounting and the preparation and interpretation of financial statements, in a business context.

Learning outcomes

On completion of this module, students will be able to:
- understand the basic concepts of financial accounting and the preparation of financial statements;
- prepare a set of financial statements from underlying business transactions;
- analyse and interpret financial statements.

Skills outcomes

On completion of this module, each student will be able to undertake: the preparation of financial records from underlying business transactions; the preparation of financial statements from accounting records; analyse and interpret financial statements

Syllabus

- Nature of accounting and decision making;
- The balance sheet, income statements; accounting records - double entry bookkeeping;
- Fixed and intangible assets - valuation, revaluation, depreciation and disposal;
- Company accounts; cash flow statements; analysis and interpretation.

Teaching Methods

Delivery type Number Length hours Student hours
Lecture 11 2 22
Seminar 10 1 10
Independent online learning hours 9
Private study hours 59
Total Contact hours 32
Total hours (100hr per 10 credits) 100

Private study

Preparation of solutions for weekly classes; preparation of solution to formative non-assessed coursework; preparation for examination.

Opportunities for Formative Feedback

Progress will be monitored through contributions to tutorials and through the non-assessed (but marked) coursework.

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: 3/22/2013

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