Undergraduate

modules

Modules

ACC1053 : Introductory Quantitative Methods and Principles of Taxation

Semesters
Semester 1 Credit Value: 10
Semester 2 Credit Value: 10
ECTS Credits: 10.0

Aims

•       To introduce the mathematical and statistical techniques and concepts necessary in the field of Accounting and Finance.
•       To enable students to understand the general objectives of taxation
•       To study the principles of income tax, capital gains tax, corporation tax, VAT, national insurance and ethical issues in relation to taxation.
•       To prepare tax computations for individuals and companies.

Outline Of Syllabus

The mathematics/ statistical element will be taught throughout semesters one and two, the principles of tax element will be taught in semester two only.
Maths/stats:
• Basics of linear and non-linear equations (2 lecture sessions for non-A-Level students ONLY)
• Linear equations and non-linear equations (2 lecture sessions)
• Differentiation, partial differentiation and optimisation (4 lecture sessions)
• Descriptive statistics (3 lecture sessions)
• Basic probability and distribution (3 lecture sessions)
• Estimation and hypothesis testing (3 lecture sessions)
• Regression analysis (3 lecture sessions)
• Revision (2 lecture session)
Principles of Tax:
•       Obligations the system of taxes imposes on taxpayers and implications for taxpayers of non-compliance
•       UK ethical issues arising in the course of performing tax work
•       Income tax for individuals and trustees
•       Capital gains tax for individuals and trustees
•       National insurance
•       Corporation tax
•       VAT

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Guided Independent StudyAssessment preparation and completion601:0060:00N/A
Scheduled Learning And Teaching ActivitiesLecture152:0030:00Principles of Tax (NN14 students only)
Scheduled Learning And Teaching ActivitiesLecture201:0020:00Maths and Stats element taught with N400 students on ACC1012
Guided Independent StudyDirected research and reading421:0042:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching31:003:00Seminars for Maths and Stats
Scheduled Learning And Teaching ActivitiesWorkshops31:003:00IT Clusters for Maths and Stats
Guided Independent StudyIndependent study421:0042:00N/A
Total200:00
Jointly Taught With
Code Title
ACC1012Professional Skills for Accounting and Finance
Teaching Rationale And Relationship

Mathematics and statistics (for both N400 and NN14 students) will be taught by formal lectures to introduce concepts and techniques, supported by workshop sessions (classroom and computer based) where students have the opportunity to practice and obtain feedback on their attempts at the questions set. Principles of Tax (NN14 only) will be taught in the cohort group which allows for both formal lectures and question practice (with feedback).

NB- only the Maths and Stats elements will be jointly taught with the ACC1012 Maths and Stats elements.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Exams
Description Length Semester When Set Percentage Comment
Written Examination1202A50N/A
Written Examination902A30N/A
Exam Pairings
Module Code Module Title Semester Comment
ACC1012Professional Skills for Accounting and Finance2Only the 50% Maths and Stats exam is paired with the maths and stats exam on ACC1012.
Other Assessment
Description Semester When Set Percentage Comment
Prof skill assessmnt1M20Data Analysis Report (including case study and computer based assessments)
Assessment Rationale And Relationship

The formal examination and individual assignment will test the mathematics and statistical concepts and techniques introduced in the module. The principles of tax examination will assess knowledge and understanding as well as relevant cognitive and professional skills. Its use also meets ICAEW’s Certificate Level examination requirements.

Reading Lists

Timetable