AC100
Elements of Accounting and Finance
This information is for the 2015/16 session.
Teacher responsible
Dr Yasmine Chahed OLD 3.30, Dr Elisabetta Bertero STC677, Mr Ahmed Abdalla OLD 2.15 and Mrs Chrisoulla Constantinou
Availability
This course is compulsory on the BSc in Accounting and Finance and BSc in Management Sciences. This course is available on the BSc in Business Mathematics and Statistics. This course is available as an outside option to students on other programmes where regulations permit and to General Course students.
Course content
Financial accounting: role, nature, scope and limitations of accounting conventions. Regulatory accounting framework. Financial statements: construction, use and interpretation. Group accounting. Legal and economic considerations including elements of taxation. Extending the scope of financial reporting (eg, inflation accounting and reporting, approaches to equity maintenance etc).
Introduction to managerial accounting. The design, use and role of accounting information in the management of organisational activities. Costing and budgeting. The design and use of performance measurement systems.
Introduction to finance. The financial system and flow of funds. Introductory financial formulae. The financial decisions of firms, capital budgeting. The recent global financial turmoil.
Teaching
20 hours of lectures and 10 hours of classes in the MT. 20 hours of lectures and 10 hours of classes in the LT. 2 hours of lectures and 1 hour of classes in the ST.
Formative coursework
Written answers to numerical problems and discussion questions will be expected weekly; two pieces of written work per terms will be collected during classes for marking and feedback.
Indicative reading
Detailed reading lists will be made available at the beginning of the course. Illustrative texts include Peter Atrill and Eddie McLaney Financial Accounting for Decision Makers, 7th edn, Financial Times, Prentice Hall, 2013; Peter Atrill and Eddie McLaney Management Accounting for Decision Makers, 8th edn, Financial Times, Pearson, 2015; Bodie Z, Merton R & Cleeton C, Financial Economics, 2nd edn, Prentice Hall International, 2009.
Assessment
Exam (100%, duration: 3 hours and 15 minutes) in the main exam period.
The first 15 minutes will be reading time.
Student performance results
(2012/13 - 2014/15 combined)
Classification | % of students |
---|---|
First | 43.9 |
2:1 | 25.6 |
2:2 | 13.5 |
Third | 10.6 |
Fail | 6.3 |
Key facts
Department: Accounting
Total students 2014/15: 417
Average class size 2014/15: 14
Capped 2014/15: No
Value: One Unit
PDAM skills
- Self-management
- Team working
- Problem solving
- Application of information skills
- Communication
- Application of numeracy skills
- Specialist skills
Course survey results
(2012/13 - 2014/15 combined)
1 = "best" score, 5 = "worst" scoreThe scores below are average responses.
Response rate: 81%
Question |
Average | ||||||
---|---|---|---|---|---|---|---|
Reading list (Q2.1) |
2.4 | ||||||
Materials (Q2.3) |
2.2 | ||||||
Course satisfied (Q2.4) |
2.2 | ||||||
Lectures (Q2.5) |
2.7 | ||||||
Integration (Q2.6) |
2.2 | ||||||
Contact (Q2.7) |
2.4 | ||||||
Feedback (Q2.8) |
2.4 | ||||||
Recommend (Q2.9) |
|