Introduction to Accounting and Finance

Description

Module description: This module introduces students to the role of accounting and finance in business, with a focus on companies. Module aims The aims of this module are: To introduce students to the various traditions, concepts and techniques in accounting and financial management, and their role in decision-making in business. To enable students to develop a critical understanding of these concepts and methods in practice in the context of both small and large firms. Module learning outcomes By the end of this module, students will be expected to be able to: Demonstrate an understanding of the objectives, functions, importance and limitations of both financial and management accounting in providing useful information to the very users of accounting information for decision making. Obtain knowledge and understanding of the main current technical language and practices of financial accounting; to develop an ability to critically evaluate arguments and evidence; ability to manipulate financial data and prepare a set of financial statements; Explore the role and limitations of accounting information and financial reporting in providing useful information to decision-makers; Demonstrate a good understanding of, and ability to analyse a set of financial statements and explain the limitations in their techniques of analysis; Demonstrate an appreciation of areas which are fundamental to the development of principles of management accounting, understanding of some of the contexts in which management accounting operates and the concepts which underpin management accounting. Obtain knowledge and understanding of the main current technical language and practices of management accounting; to develop an ability to critically evaluate arguments and evidence; ability to manipulate financial data and; Pr Requisites for this module: Pre-requisites: (none) Co-requisites: (none) Pre and / or co-requisites: (none) Prohibited modules: (none) Key module (requisite for): BE141 Key module for: (none) Module description This module introduces students to the role of accounting and finance in business, with a focus on companies. Module aims The aims of this module are: To introduce students to the various traditions, concepts and techniques in accounting and financial management, and their role in decision-making in business. To enable students to develop a critical understanding of these concepts and methods in practice in the context of both small and large firms. Module learning outcomes By the end of this module, students will be expected to be able to: Demonstrate an understanding of the objectives, functions, importance and limitations of both financial and management accounting in providing useful information to the very users of accounting information for decision making. Obtain knowledge and understanding of the main current technical language and practices of financial accounting; to develop an ability to critically evaluate arguments and evidence; ability to manipulate financial data and prepare a set of financial statements; Explore the role and limitations of accounting information and financial reporting in providing useful information to decision-makers; Demonstrate a good understanding of, and ability to analyse a set of financial statements and explain the limitations in their techniques of analysis; Demonstrate an appreciation of areas which are fundamental to the development of principles of management accounting, understanding of some of the contexts in which management accounting operates and the concepts which underpin management accounting. Obtain knowledge and understanding of the main current technical language and practices of management accounting; to develop an ability to critically evaluate arguments and evidence; ability to manipul