Course Information Undergraduate prospectus

Fundamentals of Accounting and Finance

Course summary

Course code: ACCO1164
Level: 0
Credits: 30
School: Business Faculty
Department: Accounting and Finance
Course Coordinator(s): Dawn Reilly

Specification

Aims

To introduce basic concepts of financial management by preparing and interpreting cash budgets.
To introduce decision-making within business including investment decisions informed by the calculation and interpretation of financial ratios.
To introduce the practice of financial accounting by using double entry bookkeeping techniques, extracting a trial balance and preparing financial statements for a simple business.

Learning outcomes

On successful completion of this course a student will be able to:
1 Prepare cash budgets, interpret the effect of a cash surplus or shortfall for a business and recommend appropriate action
2 Apply basic approaches to decision-making and recommend appropriate action
3 Calculate basic financial ratios and use those ratios to assess the performance and position of companies and make financial decisions
4 Apply double entry bookkeeping to record transactions in ledger accounts and extract a trial balance
5 Prepare the financial statements for an unincorporated business

Indicative content

1. Cash budgets
2. Decision-making
3. Financial ratios
4. Double entry bookkeeping
5. Trial balance
6. Financial statements for an unincorporated business

Teaching and learning activity

The course content will be covered through weekly lectures and tutorials. Learning should be furthered by a student’s independent study.

Assessment

In-class test - 30%
LO- 1-3
Pass mark - 40%
Open-book in-class test requiring computations and written discussion of recommended action.

Exam - 70%
LO - 4-5
Pass mark - 40%
Closed-book accounting exam (1.5 hours) testing knowledge and understanding of techniques.

Nature of FORMATIVE assessment supporting student learning:
Mock test in advance of in-class test
Mock exam in advance of final end of year closed book exam