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MN10248: Introduction to accounting

Follow this link for further information on academic years Academic Year: 2018/9
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Certificate (FHEQ level 4)
Further information on teaching periods Period:
Semester 1
Semester 2
Further information on unit assessment Assessment Summary: EX 100%
Further information on unit assessment Assessment Detail:
  • Examination (EX 100% - Qualifying Mark: 35)
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites: In taking this module you cannot take MN10008 OR take MN10331 OR take MN10476 OR take MN10668
Further information on descriptions Description: Aims:
The unit aims to enable students to:
* Explain the conceptual and regulatory framework of accounting;
* Apply double entry techniques to record transactions and prepare financial statements;
* Apply interpretative techniques to published financial statements;
* Estimate costs for planned activities;
* Manage costs to make short-run decisions;
* Identify relevant costs and make decisions with and without resource constraints.

Learning Outcomes:
On successful completion of this unit students will be able to:
* Understand how accounting serves the purpose of developing and operating a business;
* Prepare financial statements for limited liability companies;
* Interpret financial and management accounting data in order to make decisions.

Skills:

* Financial data manipulation and interpretation;
* Analytical and communication skills in relation to financial information.

Content:

* The framework of accounting - entities and financial reporting statements, international accounting standards, the nature and objectives of accounting, the conceptual framework of accounting, overviews of auditing, corporate governance and ethics.
* Double-entry book-keeping - the accounting equation, the books of account, double entry, journals and the trial balance.
* The preparation of limited liability company financial statements from a trial balance including adjustments for share capital, revaluations, depreciation, inventory provisions, accruals, prepayments, doubtful debts and so on.
* The interpretation of financial statements - analysing performance, liquidity, solvency and investment returns.
* Management accounting concepts - the nature and management of costs, marginal costs and decision-making, business planning and efficiency improvements
* Estimating costs for planned activities : fixed and variable costs; direct and indirect costs; basic elements of product cost.
* Managing costs - cost/volume/profit analysis, cost allocation, apportionment and absorption.
* Decision making with and without constraints - relevant costs, limiting factors, make versus buy decisions and so on.
Further information on programme availabilityProgramme availability:

MN10248 is a Generally Available Unit which is available to all students of the University (subject to the usual constraints) to take either as a Director of Studies approved option within their programme of study or as an 'extra' unit which does not count towards a final award.

MN10248 is Compulsory on the following programmes:

Department of Chemistry
  • USCH-AFB03 : BSc(Hons) Chemistry with Management (Year 1)
  • USCH-AAB04 : BSc(Hons) Chemistry with Management with Study year abroad (Year 1)
  • USCH-AKB04 : BSc(Hons) Chemistry with Management with Industrial Placement (Year 1)
  • USCH-AFM07 : MSci(Hons) Chemistry with Management (Year 1)
  • USCH-AKM07 : MSci(Hons) Chemistry with Management with Industrial Placement (Year 1)
Department of Computer Science
  • USCM-AFB09 : BSc(Hons) Computer Science with Business (Year 1)
  • USCM-AAB10 : BSc(Hons) Computer Science with Business with Study year abroad (Year 1)
  • USCM-AKB10 : BSc(Hons) Computer Science with Business with Year long work placement (Year 1)

MN10248 is Optional on the following programmes:

Department of Chemistry Department of Economics
  • UHES-AFB03 : BSc(Hons) Economics (Year 1)
  • UHES-AAB03 : BSc(Hons) Economics with Study year abroad (Year 1)
  • UHES-AKB03 : BSc(Hons) Economics with Year long work placement (Year 1)
  • UHES-ACB03 : BSc(Hons) Economics with Combined Placement and Study Abroad (Year 1)
Department for Health
  • UHHL-AFB18 : BSc(Hons) Health and Exercise Science (Year 2)
  • UHHL-AKB18 : BSc(Hons) Health and Exercise Science with Professional Placement (Year 2)
  • UHHL-AFM18 : MSci(Hons) Health and Exercise Science (Year 2)
  • UHHL-AKM18 : MSci(Hons) Health and Exercise Science with Professional Placement (Year 2)
Department of Mathematical Sciences
  • USMA-AFB15 : BSc(Hons) Mathematical Sciences (Year 2)
  • USMA-AAB16 : BSc(Hons) Mathematical Sciences with Study year abroad (Year 2)
  • USMA-AKB16 : BSc(Hons) Mathematical Sciences with Year long work placement (Year 2)
  • USMA-AFB05 : BSc(Hons) Statistics (Year 2)
  • USMA-AAB06 : BSc(Hons) Statistics with Study year abroad (Year 2)
  • USMA-AKB06 : BSc(Hons) Statistics with Year long work placement (Year 2)
  • USMA-AFM14 : MMath(Hons) Mathematics (Year 2)
  • USMA-AAM15 : MMath(Hons) Mathematics with Study year abroad (Year 2)
  • USMA-AKM15 : MMath(Hons) Mathematics with Year long work placement (Year 2)
Department of Politics, Languages and International Studies
  • UHPL-AYB13 : BA(Hons) French and Politics with Year Abroad (Year 1)
  • UHPL-AYB12 : BA(Hons) German and Politics with Year Abroad (Year 1)
  • UHPL-AYB16 : BA(Hons) Italian ab initio and Politics with Year Abroad (Year 1)
  • UHPL-AYB17 : BA(Hons) Spanish and Politics with Year Abroad (Year 1)
  • UHPL-AFB30 : BSc(Hons) Politics and International Relations (Year 1)
  • UHPL-AAB30 : BSc(Hons) Politics and International Relations with Study year abroad (Year 1)
  • UHPL-AKB30 : BSc(Hons) Politics and International Relations with Year long work placement (Year 1)
  • UHPL-AFB10 : BSc(Hons) Politics with Economics (Year 1)
  • UHPL-AAB10 : BSc(Hons) Politics with Economics with Study year abroad (Year 1)
  • UHPL-AKB10 : BSc(Hons) Politics with Economics with Year long work placement (Year 1)
Programmes in Natural Sciences
  • UXXX-AFB01 : BSc(Hons) Natural Sciences (Biochemistry with Chemistry stream) (Year 1)
  • UXXX-AAB02 : BSc(Hons) Natural Sciences (Biochemistry with Chemistry stream) with Study year abroad (Year 1)
  • UXXX-AKB02 : BSc(Hons) Natural Sciences (Biochemistry with Chemistry stream) with Year long work placement (Year 1)
  • UXXX-AFB01 : BSc(Hons) Natural Sciences (Biochemistry with Pharmacology stream) (Year 1)
  • UXXX-AAB02 : BSc(Hons) Natural Sciences (Biochemistry with Pharmacology stream) with Study year abroad (Year 1)
  • UXXX-AKB02 : BSc(Hons) Natural Sciences (Biochemistry with Pharmacology stream) with Year long work placement (Year 1)
  • UXXX-AFB01 : BSc(Hons) Natural Sciences (Biology with Chemistry stream) (Year 1)
  • UXXX-AAB02 : BSc(Hons) Natural Sciences (Biology with Chemistry stream) with Study year abroad (Year 1)
  • UXXX-AKB02 : BSc(Hons) Natural Sciences (Biology with Chemistry stream) with Year long work placement (Year 1)
  • UXXX-AFB01 : BSc(Hons) Natural Sciences (Biology with Pharmacology stream) (Year 1)
  • UXXX-AAB02 : BSc(Hons) Natural Sciences (Biology with Pharmacology stream) with Study year abroad (Year 1)
  • UXXX-AKB02 : BSc(Hons) Natural Sciences (Biology with Pharmacology stream) with Year long work placement (Year 1)
  • UXXX-AFB01 : BSc(Hons) Natural Sciences (Chemistry with Biochemistry stream) (Year 1)
  • UXXX-AAB02 : BSc(Hons) Natural Sciences (Chemistry with Biochemistry stream) with Study year abroad (Year 1)
  • UXXX-AKB02 : BSc(Hons) Natural Sciences (Chemistry with Biochemistry stream) with Year long work placement (Year 1)
  • UXXX-AFB01 : BSc(Hons) Natural Sciences (Chemistry with Biology stream) (Year 1)
  • UXXX-AAB02 : BSc(Hons) Natural Sciences (Chemistry with Biology stream) with Study year abroad (Year 1)
  • UXXX-AKB02 : BSc(Hons) Natural Sciences (Chemistry with Biology stream) with Year long work placement (Year 1)
  • UXXX-AFB01 : BSc(Hons) Natural Sciences (Chemistry with Pharmacology stream) (Year 1)
  • UXXX-AAB02 : BSc(Hons) Natural Sciences (Chemistry with Pharmacology stream) with Study year abroad (Year 1)
  • UXXX-AKB02 : BSc(Hons) Natural Sciences (Chemistry with Pharmacology stream) with Year long work placement (Year 1)
  • UXXX-AFB01 : BSc(Hons) Natural Sciences (Environmental Science with Biochemistry stream) (Year 1)
  • UXXX-AAB02 : BSc(Hons) Natural Sciences (Environmental Science with Biochemistry stream) with Study year abroad (Year 1)
  • UXXX-AKB02 : BSc(Hons) Natural Sciences (Environmental Science with Biochemistry stream) with Year long work placement (Year 1)
  • UXXX-AFB01 : BSc(Hons) Natural Sciences (Pharmacology with Biochemistry stream) (Year 1)
  • UXXX-AAB02 : BSc(Hons) Natural Sciences (Pharmacology with Biochemistry stream) with Study year abroad (Year 1)
  • UXXX-AKB02 : BSc(Hons) Natural Sciences (Pharmacology with Biochemistry stream) with Year long work placement (Year 1)
  • UXXX-AFB01 : BSc(Hons) Natural Sciences (Pharmacology with Biology stream) (Year 1)
  • UXXX-AAB02 : BSc(Hons) Natural Sciences (Pharmacology with Biology stream) with Study year abroad (Year 1)
  • UXXX-AKB02 : BSc(Hons) Natural Sciences (Pharmacology with Biology stream) with Year long work placement (Year 1)
  • UXXX-AFB01 : BSc(Hons) Natural Sciences (Pharmacology with Chemistry stream) (Year 1)
  • UXXX-AAB02 : BSc(Hons) Natural Sciences (Pharmacology with Chemistry stream) with Study year abroad (Year 1)
  • UXXX-AKB02 : BSc(Hons) Natural Sciences (Pharmacology with Chemistry stream) with Year long work placement (Year 1)
  • UXXX-AFM01 : MSci(Hons) Natural Sciences (Biochemistry with Chemistry stream) (Year 1)
  • UXXX-AAM02 : MSci(Hons) Natural Sciences (Biochemistry with Chemistry stream) with Study year abroad (Year 1)
  • UXXX-AKM02 : MSci(Hons) Natural Sciences (Biochemistry with Chemistry stream) with Professional Placement (Year 1)
  • UXXX-AFM01 : MSci(Hons) Natural Sciences (Biochemistry with Pharmacology stream) (Year 1)
  • UXXX-AAM02 : MSci(Hons) Natural Sciences (Biochemistry with Pharmacology stream) with Study year abroad (Year 1)
  • UXXX-AKM02 : MSci(Hons) Natural Sciences (Biochemistry with Pharmacology stream) with Professional Placement (Year 1)
  • UXXX-AFM01 : MSci(Hons) Natural Sciences (Biology with Chemistry stream) (Year 1)
  • UXXX-AAM02 : MSci(Hons) Natural Sciences (Biology with Chemistry stream) with Study year abroad (Year 1)
  • UXXX-AKM02 : MSci(Hons) Natural Sciences (Biology with Chemistry stream) with Professional Placement (Year 1)
  • UXXX-AFM01 : MSci(Hons) Natural Sciences (Biology with Pharmacology stream) (Year 1)
  • UXXX-AAM02 : MSci(Hons) Natural Sciences (Biology with Pharmacology stream) with Study year abroad (Year 1)
  • UXXX-AKM02 : MSci(Hons) Natural Sciences (Biology with Pharmacology stream) with Professional Placement (Year 1)
  • UXXX-AFM01 : MSci(Hons) Natural Sciences (Chemistry with Biochemistry stream) (Year 1)
  • UXXX-AAM02 : MSci(Hons) Natural Sciences (Chemistry with Biochemistry stream) with Study year abroad (Year 1)
  • UXXX-AKM02 : MSci(Hons) Natural Sciences (Chemistry with Biochemistry stream) with Professional Placement (Year 1)
  • UXXX-AFM01 : MSci(Hons) Natural Sciences (Chemistry with Biology stream) (Year 1)
  • UXXX-AAM02 : MSci(Hons) Natural Sciences (Chemistry with Biology stream) with Study year abroad (Year 1)
  • UXXX-AKM02 : MSci(Hons) Natural Sciences (Chemistry with Biology stream) with Professional Placement (Year 1)
  • UXXX-AFM01 : MSci(Hons) Natural Sciences (Chemistry with Pharmacology stream) (Year 1)
  • UXXX-AAM02 : MSci(Hons) Natural Sciences (Chemistry with Pharmacology stream) with Study year abroad (Year 1)
  • UXXX-AKM02 : MSci(Hons) Natural Sciences (Chemistry with Pharmacology stream) with Professional Placement (Year 1)

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