Module manager: Ms Cathy Myles
Email: cm@lubs.leeds.ac.uk
Taught: Semesters 1 & 2 (Sep to Jun) View Timetable
Year running 2013/14
LUBS1235 Introductory Financial Accounting AND LUBS1245 Introductory Management Accounting OR LUBS1915 Introduction to Financial Accounting AND LUBS1925 Introduction to Management Accounting
This module is not approved as an Elective
On completion of this module, students will be able to:
- appreciate the need for regulation and standards in financial reporting and the problems caused by necessary flexibility for accounting standards;
- understand the purpose, form and requirements of accounting standards covering a variety of aspects of financial reporting, such as tangible and intangible assets, taxation, group accounts and business combinations;
- understand the difference between accounting for profit and accounting for cash; and
- appreciate the problems concerning the interpretation of financial statements and be able to identify and analyse the effects of creative accounting.
- Introduction to the regulation of accounting and international financial reporting standards
- Form and content of published accounting statements: Income statement, balance sheet, cash flow statement, other legal requirement
- Specific international accounting standards: property, plant and equipment, intangible assets, taxation, investment and group accounts, accounting for business combinations
- Interpretation of financial statements; and current developments.
| Delivery type | Number | Length hours | Student hours |
|---|---|---|---|
| Lecture | 22 | 2 | 44 |
| Seminar | 10 | 1 | 10 |
| Private study hours | 146 | ||
| Total Contact hours | 54 | ||
| Total hours (100hr per 10 credits) | 200 | ||
The following methods of formative feedback are used on this module:
- Model answers and marking schemes for workshop and past examination papers against which students can assess their own performance.
- Individual feedback sheets on coursework assignment (handed in at end of semester 1) which provides formative feedback in terms of performance on module in general (although students should be aware that the examination will not cover the same material as the coursework) and on their performance on a written report which may also be useful for other modules assessed by such coursework (for example LUBS3865, Financial Analysis).
| Assessment type | Notes | % of formal assessment |
|---|---|---|
| In-course Assessment | 1,500 word course work assignment. NOTE : Resit by 3 hour written examination | 30 |
| Total percentage (Assessment Coursework) | 30 | |
Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated
| Exam type | Exam duration | % of formal assessment |
|---|---|---|
| Standard exam (closed essays, MCQs etc) | 2.0 Hrs 0 Mins | 70 |
| Total percentage (Assessment Exams) | 70 | |
Resit by 3 hour written examination
The reading list is available from the Library website
Last updated: 22/04/2013
Errors, omissions, failed links etc should be notified to the Catalogue Team