ACCT06035 2016 Introduction to Financial accounting

General Details

Full Title
Introduction to Financial accounting
Transcript Title
Intro to Financial Accounting
Code
ACCT06035
Attendance
N/A %
Subject Area
ACCT - Accounting
Department
MRKT - Marketing, Tourism and Leisure
Level
06 - NFQ Level 6
Credit
05 - 05 Credits
Duration
Semester
Fee
Start Term
2016 - Full Academic Year 2016-17
End Term
9999 - The End of Time
Author(s)
Gary Reynolds
Programme Membership
SG_BINTE_H08 201600 Bachelor of Business (Honours) in International Marketing and Languages SG_BTOUR_C06 201600 Higher Certificate in Business in Tourism SG_BMARK_C06 201600 Higher Certificate in Business in Marketing SG_BAPPL_C06 201600 Higher Certificate in Business in Applied Sport SG_BACCO_C06 201800 Higher Certificate in Business in Accounting and Marketing SG_BTOUR_H08 201900 Bachelor of Business (Honours) in Business in Tourism with Event Management SG_BTOUR_B07 201900 Bachelor of Business in Business in Tourism with Event Management SG_BIMGE_H08 201900 Bachelor of Business (Honours) in Business in International Marketing with German SG_BIMSP_H08 201900 Bachelor of Business (Honours) in Business in International Marketing with Spanish
Description

Basic Introduction to Financial accounting. Students will gain an insight into the fundamental basics of Financial Accounting.

Learning Outcomes

On completion of this module the learner will/should be able to;

1.

Explain the relationship between bookkeeping and accounting

2.

Prepare a Bank reconciliation statement

3.

Record the basic adjustments when finalising basic financial statements

4.

Prepare basic Income Statement and Statement of Financial Position

Teaching and Learning Strategies

Both lectures and tutorials.

Module Assessment Strategies

Written assessments and /or Moodle quizzes.

Repeat Assessments

Written assessments and /or Moodle quizzes.

Indicative Syllabus

Introduction to history and objectives of financial accounting

Introduction to double entry bookkeeping , Accounting equation, ledgers and trial balance

Prepare bank reconciliation statement

Introduction to Club Accounts

Preparation of basic Income statement and Statement of financial position

 

Coursework & Assessment Breakdown

Coursework & Continuous Assessment
40 %
End of Semester / Year Formal Exam
60 %

Coursework Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Multiple Choice Class Quizzes/ MCQ Continuous Assessment UNKNOWN 0 % OnGoing 1,2,3,4
2 Continuous Assessment Written assessment Continuous Assessment UNKNOWN 40 % OnGoing 1,2,3,4
             

End of Semester / Year Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Final Exam Written assessment Final Exam UNKNOWN 60 % End of Term 1,2,3,4
             
             

Full Time Mode Workload


Type Location Description Hours Frequency Avg Workload
Independent Learning UNKNOWN Personal study 3 Weekly 3.00
Tutorial Flat Classroom Tutorial 1 Weekly 1.00
Lecture Tiered Classroom Lecture 4 Weekly 4.00
Total Full Time Average Weekly Learner Contact Time 5.00 Hours

Required & Recommended Book List

Recommended Reading
2015-10-15 Frank Wood's Business Accounting Pearson Education Limited
ISBN 1292084669 ISBN-13 9781292084664

'An excellent book, well written with each chapter building logically on the last, allowing students to build their knowledge in manageable steps.' Stephen McNamee, University of Ulster The world's best-selling textbook on book-keeping and accounting, Business Accounting Volume 1 continues to provide an indispensable introduction for students and professionals across the globe. It is renowned for its clarity, with easy-to-understand language and a plethora of examples to aid your understanding. In the 13th edition, which is fully compliant with International Financial Reporting Standards (IFRS), all topics have been fully updated, including areas such as computerised accounting, banking, and accounting concepts and assumptions. With a brand new Chapter 2 on double entry, and more than 100 new review questions and activities, this edition contains all you need to understand and consolidate the key concepts in accounting. Please note that the product you are purchasing does not include MyAccountingLab. MyAccountingLab Join over 11 million students benefiting from Pearson MyLabs. This title can be supported by MyAccountingLab, an online homework and tutorial system designed to test and build your understanding. Would you like to use the power of MyAccountingLab to accelerate your learning? You need both an access card and a course ID to access MyAccountingLab. These are the steps you need to take: 1. Make sure that your lecturer is already using the system Ask your lecturer before purchasing a MyLab product as you will need a course ID from them before you can gain access to the system. 2. Check whether an access card has been included with the book at a reduced cost If it has, it will be on the inside back cover of the book. 3. If you have a course ID but no access code, you can benefit from MyAccountingLab at a reduced price by purchasing a pack containing a copy of the book and an access code for MyAccountingLab (ISBN:9781292088549) 4. If your lecturer is using the MyLab and you would like to purchase the product...Go to www.myaccountinglab.com to buy access to this interactive study programme. For educator access, contact your Pearson representative. To find out who your Pearson representative is, visit www.pearsoned.co.uk/replocator

Module Resources

Other Resources

None

Additional Information

None