ULMS Electronic Module Catalogue |
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module. |
Title | INTRODUCTION TO ACCOUNTING AND FINANCE (NON-SPECIALIST) | ||
Code | ACFI107 | ||
Coordinator |
Dr MJ Michalski Finance and Accounting M.Michalski@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2019-20 | Level 4 FHEQ | Second Semester | 15 |
Pre-requisites before taking this module (other modules and/or general educational/academic requirements): |
Modules for which this module is a pre-requisite: |
Programme(s) (including Year of Study) to which this module is available on a required basis: |
Programme(s) (including Year of Study) to which this module is available on an optional basis: |
Teaching Schedule |
Lectures | Seminars | Tutorials | Lab Practicals | Fieldwork Placement | Other | TOTAL | |
Study Hours |
24 |
10 |
34 | ||||
Timetable (if known) |
120 mins X 1 totaling 24
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Private Study | 116 | ||||||
TOTAL HOURS | 150 |
Assessment |
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EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Assessment 1: Unseen Examination Assessment Type: Written Examination Duration: 2 hours Weighting: 100% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL Penalty Ap | 2 hours | 100 | ||||
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Aims |
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1. A framework to allow understanding of the structure and contents of the key financial statements of business organisations; |
Learning Outcomes |
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(LO1) Students will be able to explain the nature and roles of accounting and finance; |
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(LO2) Students will be able to identify the main users of accounting and discuss their needs; |
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(LO3) Students will be able to distinguish between financial and management accounting; |
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(LO4) Students will be able to explain the nature and purpose of the three major financial statements; |
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(LO5) Students will be able to prepare simple balance sheets, cashflow statements and profit and loss accounts from relevant financial information; |
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(LO6) Students will be able to use ratios to analyse the financial performance and position of a business; |
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(LO7) Students will be able to explain the relationship between costs, volume and profit and conduct break-even analysis; |
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(LO8) Students will be able to deduce the full cost of a unit of output in a single-product environment; |
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(LO9) Students will be able to define a budget and show how budgets, corporate objectives and long-term plans are related; |
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(LO10) Students will be able to construct simple budget from relevant information |
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(LO11) Students will be able to identify and apply the four main investment appraisal methods used in practice. |
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(S1) Adaptability |
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(S2) Problem solving skills |
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(S3) Numeracy |
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(S4) commercial awareness |
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(S5) Organisational skills |
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(S6) Communication skills |
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(S7) IT skills |
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(S8) International awareness |
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(S9) lifelong learning skills |
Teaching and Learning Strategies |
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Teaching Method 1 - Lecture Teaching Method 2 - Seminar Self Directed Learning Hours: 116 Costs Information: No costs will be incurred This module is a pre-requisite for the following modules: Skill/Other Attribute 1: lifelong learning skills Skill/Other Attribute 2: International awareness Skill/Other Attribute 4: Communication skills Skill/Other Attribute 5: Organisational skills Skill/Other Attribute 6: Commercial awareness Skill/Other Attribute 7: Numeracy Skill/Other Attribute 8: Problem solving skills Skill/Other Attribute 9: Adaptability |
Syllabus |
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1 Introduction to Accounting |
Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |