Module Catalogue 2022/23

ACC1000 : Introduction to Non-Specialist Accounting and Finance

  • Offered for Year: 2022/23
  • Module Leader(s): Dr Simon Parry
  • Lecturer: Professor David McCollum-Oldroyd, Dr Khansaa Tezeny, Dr Neveen Abdelrehim, Mr Stephen Rodgers
  • Owning School: Newcastle University Business School
  • Teaching Location: Newcastle City Campus
Semesters
Semester 1 Credit Value: 10
Semester 2 Credit Value: 10
ECTS Credits: 10.0
Pre Requisites
Pre Requisite Comment

GCSE Mathematics Grade C (or equivalent)

Co Requisites
Co Requisite Comment

N/A

Aims

To provide an introduction to key concepts, terminology and knowledge in accounting and finance to facilitate career development in business rather than to lead to further accounting studies.

Outline Of Syllabus

1 Introduction to accounting and finance
2 Measuring and reporting financial position
3 Measuring and reporting financial performance
4 Accounting for limited companies
5 Measuring and reporting cash flows
6 Analysing and interpreting financial statements
7 Cost-volume-profit analysis
8 Full costing
9 Activity-based costing
10 Budgeting
11 Accounting for control
12 Financial management

Learning Outcomes

Intended Knowledge Outcomes

By the end of the module students should be able to:
- Develop an understanding of key accounting concepts involved in the preparation of financial statements,
-Recognise and utilise the key techniques for interpreting financial statements,
-Analyse management accounting and investment appraisal techniques and understand their purposes within the contexts of planning, decision making and control,
-Evaluate the concepts of budgeting and short term decision making.

Intended Skill Outcomes

By the end of the module students should be able to:

- Critically assess and interpret financial reports
- Analyse and prepare management accounting reports

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Structured Guided LearningLecture materials31:003:00pre-recorded lecture material (detailed worked example of financial analysis in semester 1)
Scheduled Learning And Teaching ActivitiesLecture231:0023:00PiP lectures x 18. (9 in sem1, 9 in sem2) 13 will be 1 hour sessions, 5 will be 2 hour sessions
Guided Independent StudyAssessment preparation and completion160:0060:00N/A
Guided Independent StudyDirected research and reading166:0066:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching61:006:00PiP Seminars - 3 per semester
Guided Independent StudyIndependent study138:0038:00N/A
Scheduled Learning And Teaching ActivitiesScheduled on-line contact time41:004:00online whole cohort sessions
Total200:00
Jointly Taught With
Code Title
ACC1003Introduction to Accounting and Finance (for Business School Students)
Teaching Rationale And Relationship

The formal lecture programme is the main mode for the delivery of new teaching material to students. This enables the communication of concepts and ideas; it provides the basis for the development of skills. The seminar programme provides students with opportunities to discuss concepts and ideas, and to develop skills.

Reading Lists

Assessment Methods

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

Exams
Description Length Semester When Set Percentage Comment
Written Examination1802A100N/A
Exam Pairings
Module Code Module Title Semester Comment
ACC1003Introduction to Accounting and Finance (for Business School Students)2Exam pairing is for semester 2
Formative Assessments
Description Semester When Set Comment
Prob solv exercises1MSeminar questions provided
Prob solv exercises2MSeminar questions provided
Assessment Rationale And Relationship

ASSESSMENT IS BY WRITTEN EXAMINATION, WITH QUESTIONS STRUCTURED IN ACCORDANCE WITH THE MATERAIL IN THE ASSESSMENT COVERED IN MODULE TEACHING DURING BOTH SEMESTERS. THIS METHOD TESTS STUDENTS’ KNOWLEDGE OF KEY BUSINESS TOPICS FROM THE ACCOUNTING AND FINANCE PERSPECTIVE AND THE ABILITY TO CRITICALLY ASSESS AND INTERPRET FINANCIAL AND MANAGEMENT ACCOUNTING REPORTS.

Timetable

Past Exam Papers

General Notes

N/A

Disclaimer: The information contained within the Module Catalogue relates to the 2022/23 academic year. In accordance with University Terms and Conditions, the University makes all reasonable efforts to deliver the modules as described. Modules may be amended on an annual basis to take account of changing staff expertise, developments in the discipline, the requirements of external bodies and partners, and student feedback. Module information for the 2023/24 entry will be published here in early-April 2023. Queries about information in the Module Catalogue should in the first instance be addressed to your School Office.