Programme And Module Handbook
Course Details in 2018/19 Session

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Module Title LC Principles of Financial Accounting
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 07 26352
Module Lead Jo Watkins
Level Certificate Level
Credits 20
Semester Full Term
Restrictions BSc Accounting and Finance and BSc Money, Banking and Finance only
Contact Hours Lecture-44 hours
Seminar-9 hours
Practical Classes and workshops-18 hours
Guided independent study-129 hours
Total: 200 hours
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.
Learning Outcomes By the end of the module students should be able to:
  • Understand and apply the principles of double entry bookkeeping
  • Prepare the basic financial statements of sole traders and limited companies
  • Appraise and interpret financial accounting information.
Assessment 26352-01 : Exam : Exam (Centrally Timetabled) - Written Unseen (60%)
26352-03 : Class Test : Class Test (40%)
Assessment Methods & Exceptions One hour class test 40%; 2 hour examination (60%).
Reassessment: 2 hour examination (100%)
Reading List Further Reading: ICEAW (2006). Accounting Professional Stage Study Manual, UK.

Recommended Text: W: Weetman, P. (2011). Financial Accounting: an Introduction (5th) UK, Pearson.