ACC1003 : Introduction to Accounting and Finance (for Business School Students)
- Offered for Year: 2023/24
- Module Leader(s): Mr Aidan Beck
- Co-Module Leader: Mr Stephen Rodgers
- Lecturer: Miss Melis Besen, Dr Khansaa Tezeny, Dr Neveen Abdelrehim
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
| Semester 1 Credit Value: | 10 |
| Semester 2 Credit Value: | 10 |
| ECTS Credits: | 10.0 |
| European Credit Transfer System | |
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
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Scheduled Learning And Teaching Activities | Lecture | 23 | 1:00 | 23:00 | PiP lectures - 18 (9 in sem1, 9 in sem2) 5 will be 2 hours, remainder will be 1 hour |
| Structured Guided Learning | Lecture materials | 3 | 1:00 | 3:00 | Pre-recorded lecture material - detailed guided exercise in financial analysis in sem1 |
| Guided Independent Study | Assessment preparation and completion | 1 | 60:00 | 60:00 | N/A |
| Guided Independent Study | Directed research and reading | 1 | 66:00 | 66:00 | N/A |
| Scheduled Learning And Teaching Activities | Small group teaching | 6 | 1:00 | 6:00 | PiP seminars - 3 per semester |
| Guided Independent Study | Independent study | 1 | 38:00 | 38:00 | N/A |
| Scheduled Learning And Teaching Activities | Scheduled on-line contact time | 4 | 1:00 | 4:00 | online whole cohort sessions |
| Total | 200:00 |
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.
Assessment Methods
The format of resits will be determined by the Board of Examiners
Exams
| Description | Length | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|---|
| Digital Examination | 180 | 2 | A | 100 | N/A |
Exam Pairings
| Module Code | Module Title | Semester | Comment |
|---|---|---|---|
| Introduction to Non-Specialist Accounting and Finance | 2 | Exam Paired with ACC1000 for semester 2 |
Formative Assessments
Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.
| Description | Semester | When Set | Comment |
|---|---|---|---|
| Prob solv exercises | 1 | M | Seminar questions provided |
| Prob solv exercises | 2 | M | Seminar questions provided |
Assessment Rationale And Relationship
ASSESSMENT IS BY DIGITAL 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.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- ACC1003's Timetable