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MN10466: Accounting and organisations

Follow this link for further information on academic years Academic Year: 2013/4
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 6
Further information on unit levels Level: Certificate (FHEQ level 4)
Further information on teaching periods Period: Semester 2
Further information on unit assessment Assessment: CW 25%, EX 75%
Further information on supplementary assessment Supplementary Assessment: Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites: This unit is not available to visiting/exchange students.
Further information on descriptions Description: Aims:
The unit aims to introduce students to:
* key ideas about the role and limitations of financial reporting;
* make students aware of the role of financial reporting in organisational control;
* provide foundation knowledge and understanding of issues in financial reporting that that can be built on in subsequent accounting and finance modules;
* understanding and reviewing the key issues relating to reporting income, assets values and transactions with owners/funders for different organisational forms such as sole traders, partnerships and limited companies.

Learning Outcomes:
On completing this unit students will be able to:
* Understand the impact on financial reporting of key historical developments in industry and commence.
* Understand key issues in the IASB's conceptual framework for financial reporting.
* Prepare elemental financial statements for a range of organizational forms namely sole traders, partnerships and limited companies.
* Explain and describe the role of governance, audit and social responsibility accounting across organization form namely.
* Work in teams on group projects.

Intellectual skills
* investigate concepts and views effectively and discuss and defend ideas through written language (T/F/A)
* explore concepts, processes and organisational structures for control evaluation and assessment (T/F/A)
* understand the complexities of accounting processes and requirements in a variety of organisations (T/A)
* expansion of accounting knowledge and understanding gained in Semester 1
Professional/Practical skills
* introduction to the risks and control mechanisms in organisations (T/A)
Transferable/Key skills
* use internet and library search skills to access contemporary relevant information (F/A)
Personal/Interpersonal skills
* group development through working on n assessed group project (F/A)

Course contents:
* Organisational form, agency relationships and accounting
* Accounting and contracting
* Accounting and control
* Accounting for Sole traders
* Accounting for Partnerships
* Accounting for Limited companies Manufacturing accounts; IAS2.
Further information on programme availabilityProgramme availability:

MN10466 is Compulsory on the following programmes:

School of Management
  • UMMN-AFB02 : BSc (hons) Accounting and Finance (Full-time) - Year 1
  • UMMN-AKB02 : BSc (hons) Accounting and Finance (Full-time with Thick Sandwich Placement) - Year 1

* This unit catalogue is applicable for the 2013/4 academic year only. Students continuing their studies into 2014/15 and beyond should not assume that this unit will be available in future years in the format displayed here for 2013/14.
* 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.