Undergraduate Course: Accountancy 1A (ACCN08007)
Course Outline
| School | Business School |
College | College of Humanities and Social Science |
| Credit level (Normal year taken) | SCQF Level 8 (Year 1 Undergraduate) |
Availability | Available to all students |
| SCQF Credits | 20 |
ECTS Credits | 10 |
| Summary | Nature and scope of accounting. Preparation of accounting reports for internal and external use. Issues in external reporting. Analysis and use of accounting information. |
| Course description |
The course has a dual set of objectives and learning outcomes relating respectively to technical and generic skill acquisition and development.
- Produce financial statements (statement of financial position, income statement, statement of cash flows) from the relevant transactions and events affecting a business.
- Analyse, interpret and facilitate the use of accounting information (for example, through coherent report presentation and the use of ratio analysis).
- Relate accounting to the broader context of the strategic and operational aspects of business.
Syllabus
Introduction to the Course;
Recording transactions
Non-current (Fixed) Assets
Current Assets
Liabilities
Examining Financial Data1-Evaluating performance using ratio analysis
Examining Financial Data 2-Implementing controls into an accounting system; Consequences of inadequate/ineffective controls
Examining Financial Data 3-Ensuring the quality of financial statements: Qualitative; Measurement; Regulation; Published Financial Statements; Reporting Corporate Performance
Examining Financial Data 4-Forensic/Investigative Accounting; Fraud vs. Creative Accounting
Financial Statements of a Sole Trader/Partnership/Company
Student Learning Experience
Lectures will introduce each new topic and slides for the following week will be available on Learn on Thursday of the previous week.
The tutorials supplement the material covered in lectures. These consist of groups of around 14 students, who meet weekly with a tutor. The tutorials can involve exercises which develop your computational skills, and seminars, in which you will discuss and debate relevant reading material and case studies which may involve role play discussion. The tutor is an important link with the class work. He/she is there to help you in your learning.
Working through practical exercises is an essential part of learning accounting. Certain lectures are structured as workshop sessions where the class will be involved in solving a series of practical exercises.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
Information for Visiting Students
| Pre-requisites | None |
Course Delivery Information
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| Academic year 2015/16, Available to all students (SV1)
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Quota: None |
| Course Start |
Semester 1 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
200
(
Lecture Hours 30,
Seminar/Tutorial Hours 9,
Feedback/Feedforward Hours 9,
Summative Assessment Hours 2,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
146 )
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| Assessment (Further Info) |
Written Exam
100 %,
Coursework
0 %,
Practical Exam
0 %
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| Additional Information (Assessment) |
Exam at end of Semester 1, 2 hours.
Resit exam in August, 2 hours.
Formal assessment is based on the final examination which takes place at the end of Semester 1 during the exam diet in December.
The examination consists of 3 Sections:
Section A- 25 multiple choice questions (50 Marks)
Section B- Computational questions (there is no choice of questions) (30 Marks)
Section C- Essay question (one essay from a choice of two) (20 Marks)
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| Feedback |
During the course a range of informal methods of providing assessment feedback to students will be used. This type of work will not contribute to your mark for the course but is designed to help you assess your progress and allow you to take action as necessary.
Examples of these modes of assessment include:
- self-assessment by working through examples and comparing answers with solutions
- tutorial assignments, tutor feedback and comparing answers with solutions
- online multiple choice end of chapter revision tests
- progress tests conducted during tutorials
- practising the sample and prior year exam questions and comparing with the solutions
Students are expected to be self-motivated to make the most effective use of these informal assessment tools.
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| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
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| Main Exam Diet S1 (December) | Accountancy 1A | 2:00 | | | Resit Exam Diet (April/May Sem 1 resits only) | Accountancy 1A resit | 2:00 | |
Learning Outcomes
On completion of this course, the student will be able to:
- Produce financial statements (statement of financial position, income statement, statement of cash flows) from the relevant transactions and events affecting a business.
- Analyse, interpret and facilitate the use of accounting information (for example, through coherent report presentation and the use of ratio analysis).
- Relate accounting to the broader context of the strategic and operational considerations of business.
- Apply skills of numeracy and applications of IT in solving defined problems
- Apply analytical skills in solving defined problems
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Reading List
The recommended textbook for the course is a COMBINED textbook for both Financial and Management Accounting and will also be used by students going on to take Accountancy 1B in Semester 2 for the 2014-15 academic year.
Financial & Management Accounting; An Introduction
Pauline Weetman ¿ 6th Edition (2013),
Pearson Education
Textbook only ISBN 9780273789215
Textbook with e-text & MyAccountingLab access ISBN 9780273789529
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Additional Information
| Graduate Attributes and Skills |
Generic Skills
To develop the following key skills:
- The ability to learn.
- Teamwork
- Communication
- Analytical and Problem Solving
- Numeracy and IT
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| Additional Class Delivery Information |
3 x 1 hour lectures per week, weeks 1-10 - Mondays, Tuesdays and Thursdays at 11:10-12:00.
Plus compulsory tutorials 1 hour per week (NB same time each week), weeks 2-10.
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| Keywords | Acc1A |
Contacts
| Course organiser | Mrs Frances-Helen Hay
Tel: (0131 6)50 8336
Email: |
Course secretary | Mrs Anna Domagala
Tel: (0131 6)50 3900
Email: |
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