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Module Title
LC Financial Accounting and Accountability
School
Birmingham Business School
Department
Accounting
Module Code
07 31806
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
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
31806-01 : Mid module assessment : Coursework (30%)
31806-02 : End of module assessment : Coursework (20%)
31806-05 : Examination : Exam (Centrally Timetabled) - Written Unseen (50%)
Assessment Methods & Exceptions
Assessments:
1 hour class test (30%)
3 hour examination (70%)
Reassessment: 3 hour examination (100%)
Other
Dubai version of existing Birmingham based module 32179