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Module Title
LC Financial Accounting and Accountability
School
Birmingham Business School
Department
Accounting
Module Code
07 32179
Module Lead
Jo Watkins
Level
Certificate Level
Credits
20
Semester
Semester 1
Pre-requisites
Co-requisites
Restrictions
None
Exclusions
Description
This module introduces the function and practice of financial accounting. The syllabus explores the underlying concepts and regulatory framework which underpin financial accounting, the principles of double entry bookkeeping, the nature of internal control, the preparation of the final accounts and the interpretation of financial accounting information.The module also introduces the concept of accountability and holding stakeholders to account.
Learning Outcomes
By the end of the module, students should be able to:
Explain the need for the provision of accounting information.
Apply the principles of double entry bookkeeping.
Prepare the basic financial statements of sole traders and limited companies.
Discuss the information in published financial reports.
Appraise and interpret financial accounting information.
Examine different aspects of accountability and the importance of holding stakeholders and others to account.
Assessment
32179-01 : MCQ Class Test : Class Test (40%)
32179-02 : 3 hour Exam : Exam (Centrally Timetabled) - Written Unseen (50%)
32179-10 : Canvas Quiz 1 : Class Test (3.3%)
32179-11 : Canvas Quiz 2 : Class Test (3.3%)
32179-12 : Canvas Quiz 3 : Class Test (3.4%)
Assessment Methods & Exceptions
Assessments: Class test (40%), Online quizzes (10%) and 3 hour exam (50%)