AC4020: Introduction to Financial Accounting

Please note this module descriptor is indicative of the structure of this course and may be subject to change.

AC4020: Introduction to Financial Accounting

Module Title Introduction to Financial Accounting
Module Code AC4020
Module Tutor Doaa Aly
School School of Business and Technology
CAT Points 15
Level of Study 4
Brief Description

This module provides a practical introduction to the concepts, conventions and practices used in processing business transactions into general purpose financial statements to enable a critical evaluation of the role accounting information plays in decision made by users of such information.

Indicative Syllabus

this module considers accounting concepts, books of original entry, correction of accounting errors, preparing final accounts of sole proprietorships and limited liability companies and interpreting accounting ratios.

Learning Outcomes

A student passing this module should be able to:

1.       Display an understanding of the regulatory and professional framework within which accounting operates; (PLO1)

2.       Demonstrate an understanding of accounting concepts and their relevance in recording and reporting business transactions; (PLO2)

3.       Evaluate accounting records to identify and correct accounting errors; (PLO3)

4.       Apply accounting concepts and techniques in drafting basic financial statement for sole proprietorships and limited liability companies; (PLO2)

5.       Compute and explain basic accounting ratios; (PLO3)

Evaluate financial accounting information as the basis of decision making. (PLO3)

Learning and Teaching Activities Scheduled Contact Hours: 36
Independent Learning Hours: 114
Assessment (For further details see the Module Guide) 001: 50% Coursework: Individual, standard written: 50% Coursework: Individual, standard, written: 1,000 words or equivalent
002: 50% Written Exam: End of module, digital: 1.00 hours
Special Assessment Requirements
Indicative Resources The current reading list can be found in the Module Guide, which your lecturer should make available via Moodle.

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