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MN10248: Introduction to accounting

Follow this link for further information on academic years Academic Year: 2012/3
Follow this link for further information on owning departmentsOwning Department/School: School of Management
Follow this link for further information on credits Credits: 6
Follow this link for further information on unit levels Level: Certificate (FHEQ level 4)
Follow this link for further information on period slots Period: Semester 1
Semester 2
Follow this link for further information on unit assessment Assessment: CW 25%, EX 75%
Follow this link for further information on supplementary assessment Supplementary Assessment: Like-for-like reassessment (where allowed by programme regulations)
Follow this link for further information on unit rules Requisites: In taking this unit you cannot take MN10008 or take MN10331 or take MN10476
Follow this link for further information on unit content 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.
Follow this link for 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.

  • UXXX-AFN99 : Generally available catalogue - No specified year

MN10248 is a Designated Essential Unit on the following programmes:

Department of Chemistry
  • USCH-AFB03 : BSc (hons) Chemistry with Management (Full-time) - Year 1
  • USCH-AKB04 : BSc (hons) Chemistry with Management with Industrial Training (Full-time with Thick Sandwich Placement) - Year 1
  • USCH-AAB04 : BSc (hons) Chemistry with Management with Study Year Abroad (Full-time with Study Year Abroad) - Year 1
  • USCH-AFM07 : MSci (hons) Chemistry with Management (Full-time) - Year 1
  • USCH-AKM07 : MSci (hons) Chemistry with Management with Industrial Training (Full-time with Thick Sandwich Placement) - Year 1

MN10248 is Compulsory on the following programmes:

Department of Computer Science
  • USCM-AFB11 : BSc (hons) Computer Information Systems (Full-time) - Year 1
  • USCM-AKB12 : BSc (hons) Computer Information Systems (Full-time with Thick Sandwich Placement) - Year 1
  • USCM-AAB12 : BSc (hons) Computer Information Systems with Study Year Abroad (Full-time with Study Year Abroad) - Year 1
  • USCM-AFB09 : BSc (hons) Computer Science with Business (Full-time) - Year 1
  • USCM-AKB10 : BSc (hons) Computer Science with Business (Full-time with Thick Sandwich Placement) - Year 1
  • USCM-AAB10 : BSc (hons) Computer Science with Business with Study Year Abroad (Full-time with Study Year Abroad) - Year 1

MN10248 is Optional on the following programmes:

Department of Biology & Biochemistry
  • RSBB-AFM07 : Integrated PhD Postgenomic Biosciences (Biosciences Route) (Full-time) - Year 1
  • TSBB-AFM03 : MRes Biosciences (Full-time) - Year 1
Department of Chemistry
  • USCH-AFB01 : BSc (hons) Chemistry (Full-time) - Year 1
  • USCH-AKB02 : BSc (hons) Chemistry with Industrial Training (Full-time with Thick Sandwich Placement) - Year 1
  • USCH-AAB02 : BSc (hons) Chemistry with Study Year abroad (Full-time with Study Year Abroad) - Year 1
  • USCH-AFM02 : MChem (hons) Chemistry (Full-time) - Year 1
  • USCH-AKM02 : MChem (hons) Chemistry with Industrial Training (Full-time with Thick Sandwich Placement) - Year 1
  • USCH-AAM03 : MChem (hons) Chemistry with Study Year Abroad (Full-time with Study Year Abroad) - Year 1
  • TSCH-AFM01 : MRes Chemistry (Full-time) - Year 1
Department of Economics
  • UHES-AFB03 : BSc (hons) Economics (Full-time) - Year 1
  • UHES-AKB03 : BSc (hons) Economics (Full-time with Thick Sandwich Placement) - Year 1
Programmes in Natural Sciences
  • UXXX-AFB01 : BSc (hons) Natural Sciences (Full-time) - Year 1
  • UXXX-AKB02 : BSc (hons) Natural Sciences with Industrial Placement (Full-time with Thick Sandwich Placement) - Year 1
  • UXXX-AAB02 : BSc (hons) Natural Sciences with Study Year Abroad (Full-time with Study Year Abroad) - Year 1
Department for Health
  • UHHL-AFB01 : BSc (hons) Sport and Exercise Science (Full-time) - Year 1
  • UHHL-ACB04 : BSc (hons) Sport and Exercise Science with Combined Professional Placement & Study Abroad (Full-time with Combined Placement) - Year 1
  • UHHL-AKB04 : BSc (hons) Sport and Exercise Science with Professional Placement (Full-time with Thick Sandwich Placement) - Year 1
  • UHHL-AAB02 : BSc (hons) Sport and Exercise Science with Study Year Abroad (Full-time with Study Year Abroad) - Year 1
Department of Mathematical Sciences
  • USMA-AFB15 : BSc (hons) Mathematical Sciences (Full-time) - Year 2
  • USMA-AKB16 : BSc (hons) Mathematical Sciences (Full-time with Thick Sandwich Placement) - Year 2
  • USMA-AAB16 : BSc (hons) Mathematical Sciences with Study Year Abroad (Full-time with Study Year Abroad) - Year 2
  • USMA-AFB05 : BSc (hons) Statistics (Full-time) - Year 2
  • USMA-AKB06 : BSc (hons) Statistics (Full-time with Thick Sandwich Placement) - Year 2
  • USMA-AAB06 : BSc (hons) Statistics with Study Year Abroad (Full-time with Study Year Abroad) - Year 2
  • USMA-AFM14 : MMath Mathematics (Full-time) - Year 2
  • USMA-AAM15 : MMath Mathematics with Study Year Abroad (Full-time with Study Year Abroad) - Year 2
Department of Politics, Languages and International Studies
  • UHPL-AYB13 : BA (hons) French and Politics (Full-time with Year Abroad) - Year 1
  • UHPL-AYB12 : BA (hons) German and Politics (Full-time with Year Abroad) - Year 1
  • UHPL-AYB16 : BA (hons) Italian (ab initio) and Politics (Full-time with Year Abroad) - Year 1
  • UHPL-AYB14 : BA (hons) Italian and Politics (Full-time with Year Abroad) - Year 1
  • UHPL-AYB15 : BA (hons) Russian (ab initio) and Politics (Full-time with Year Abroad) - Year 1
  • UHPL-AYB17 : BA (hons) Spanish and Politics (Full-time with Year Abroad) - Year 1
  • UHPL-AAB10 : BSc (hons) Politics with Economics (Full-time with Study Year Abroad) - Year 1
  • UHPL-AFB10 : BSc (hons) Politics with Economics (Full-time) - Year 1
  • UHPL-AKB10 : BSc (hons) Politics with Economics (Full-time with Thick Sandwich Placement) - Year 1
  • UHPL-AAB29 : BSc (hons) Politics with International Relations (Full-time with Study Year Abroad) - Year 1
  • UHPL-AFB29 : BSc (hons) Politics with International Relations (Full-time) - Year 1
  • UHPL-AKB29 : BSc (hons) Politics with International Relations (Full-time with Thick Sandwich Placement) - Year 1

Notes:
* This unit catalogue is applicable for the 2012/13 academic year only. Students continuing their studies into 2013/14 and beyond should not assume that this unit will be available in future years in the format displayed here for 2012/13.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.