ACC10060 Introduction to Accounting

Academic Year 2024/2025

This module is intended for non-business degree students and will provide students with an introduction to financial and management accounting. Among the areas covered are: the nature and purpose of accounting; the users of accounting information; preparation and interpretation of Trading, Profit and Loss Accounts, Balance Sheets; VAT,The purpose of management accounting is to provide information to assist management in making informed decisions and evaluations. Management needs to plan, control and make decisions.

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Curricular information is subject to change

Learning Outcomes:

On completion of this module students should be able to:
- Understand the nature and role of accounting information
- Classify users of accounting information and how each user might use this information
- Prepare Trading, Profit and Loss Accounts, Balance Sheets and Cash Flow Statements
- Demonstrate knowledge and understanding of the financial statements by being able to analyse and interpret a set of accounts
- prepare VAT return
- Understand the role of management accounting.
- Understand the importance of cost classifications
- Understand the relationships between cost volume and profit.
- Be able to do breakeven analysis
- Be able to prepare various budgets leading up to and including the cash budget

Student Effort Hours: 
Student Effort Type Hours
Lectures

36
Specified Learning Activities

50
Autonomous Student Learning

39
Total

125
Approaches to Teaching and Learning:
lectures
Enquiry & problem based learning 
Requirements, Exclusions and Recommendations
Learning Exclusions:

This module is offered only to non-business students. It is not offered to students in the following Programmes:
-Bachelor of Commerce (BComm)
-Bachelor of Commerce (International) (BComm International)
-Bachelor of Business and Law (BBL)
-Bachelor of Science (Economics and Finance) (BSc Economics and Finance)
-BSc Business
-Bachelor of Actuarial and Financial Studies (BAFS)


Module Requisites and Incompatibles
Incompatibles:
ACC10040 - Financial Accounting 1

Additional Information:
This course is recommended for students who have no prior knowledge of accounting.


 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Quizzes/Short Exercises: In class MCQ n/a Standard conversion grade scale 40% No

20
Exam (In-person): Final written exam n/a Standard conversion grade scale 40% No

70
Participation in Learning Activities: Attendance and participation n/a Standard conversion grade scale 40% No

10

Carry forward of passed components
Yes
 
Remediation Type Remediation Timing
Repeat Within Two Trimesters
Please see Student Jargon Buster for more information about remediation types and timing. 
Feedback Strategy/Strategies

• Group/class feedback, post-assessment

How will my Feedback be Delivered?

Feedback will be given after each assessment