CULP40320

Learning Outcomes:

On successful completion of this module students should be able to:

1. Be familiar with basic accounting terminology
2. Understand and interpret basic financial statements and be able to write an analysis of the statements
3. Understand the financial reporting environment, legal requirements for public presentation of accounting records
4. Appreciate how management accounting information can assist management in their planning role
5. Understand cost behaviour patterns, fixed and variable cost components
6. Use ratios to assist management in their decision making role
7. Prepare a cash budget and demonstrate an understanding of the relationship between the components
8. Prepare a budgeted Income and Expenditure Account
9. Prepare a budgeted Balance Sheet

Indicative Module Content:

The topics covered in this module will include:

Types of business organisations
Statement of Comprehensive Income (P&L)
The Statement of Financial Position/ Balance Sheet
Analysis of Financial Statements
Finance and the arts worker
Budget Preparation
Ratios and financial analysis

Student Effort Hours:

Approaches to Teaching and Learning:

Requirements, Exclusions and Recommendations

Not applicable to this module.

Module Requisites and Incompatibles

Assessment Strategy

Feedback Strategy/Strategies

• Feedback individually to students, post-assessment

How will my Feedback be Delivered?

In the case of the mid-semester short test, feedback will be given on an individual basis within a week of the test. In the case of the end of semester assignment written feedback will be given to students.