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
Recording business transactions and the double-entry system.
Recognition and measurement principles relating to Non-current (Fixed) assets, Current assets and liabilities.
Issues relating to Ownership interest /Equity .
Preparation of Financial Statements of a Sole Trader/Partnership/Company.
Evaluating performance using ratio analysis
Implementing controls into an accounting system; Consequences of inadequate/ineffective controls.
Ensuring the quality of financial statements, the regulatory environment
Presentation of Published Financial Statements and Narrative Reports.
Forensic/Investigative Accounting; Fraud vs. Creative Accounting.
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 |
|
Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
Information for Visiting Students
| Pre-requisites | None |
| High Demand Course? |
Yes |
Course Delivery Information
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| Academic year 2017/18, 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 %
|
| Additional Information (Assessment) |
Exam at end of Semester 1, 2 hours.
Resit exam in April/May, 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 (August) | 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
Financial and Management Accounting
An Introduction
7th Edition
Pauline Weetman
Nov 2015, Paperback, 852 pages
ISBN13: 9781292086590
ISBN10: 1292086599
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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 Jiajin Hoefeijzers
Tel: (0131 6)51 5251
Email: |
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