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Module

ACC1012 : Professional Skills for Accounting and Finance

  • Offered for Year: 2021/22
  • Module Leader(s): Miss Melis Besen
  • Demonstrator: Mrs Gill Holden, Mr Philip Morey
  • Lecturer: Mr Aidan Beck
  • 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

Aims

To introduce N400 students to a range of key skills that are vital for success as an Accounting and Finance professional. To introduce the mathematical and statistical techniques and concepts necessary in the field of Accounting and Finance.

Outline Of Syllabus

The key skills element and the mathematics/ statistical element will be taught concurrently.
Professional Skills:
•       Introduction: Time management and study skills
•       Team working
•       Behavioural aspects of the successful professional
•       Presentation skills
Mathematics:
•       Basics of linear and non-linear equations
•       Linear equations and non-linear equations
•       Differentiation, partial differentiation and optimisation
•       Descriptive statistics
•       Basic probability and distribution
•       Estimation and hypothesis testing
•       Regression analysis

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Scheduled Learning And Teaching ActivitiesLecture201:0020:00PIP maths lectures
Scheduled Learning And Teaching ActivitiesLecture61:006:00PIP Professional skills lectures
Structured Guided LearningLecture materials21:002:00Pre-recorded professional skills lectures
Guided Independent StudyAssessment preparation and completion155:0055:00Professional skills assessment preparation and completion.
Guided Independent StudyAssessment preparation and completion145:0045:00Maths assessment preparation and completion
Scheduled Learning And Teaching ActivitiesSmall group teaching31:003:00PIP Maths seminars
Scheduled Learning And Teaching ActivitiesWorkshops31:003:00PIP Maths workshops
Scheduled Learning And Teaching ActivitiesDrop-in/surgery21:002:00Professional skills whole module Q&A sessions live online
Guided Independent StudyIndependent study164:0064:00Maths independent study
Total200:00
Jointly Taught With
Code Title
ACC1053Introductory Quantitative Methods and Principles of Taxation
Teaching Rationale And Relationship

Professional skills lectures will be presented by academic staff with input from professional bodies and firms.

Mathematics and statistics lectures will be presented by colleagues from the School of Maths, who will introduce concepts and techniques. Lectures will be supported by workshop and small group sessions where students will discuss and obtain feedback on their work on case studies designed to put into practice the material taught in lecture materials. Students will also be set weekly Maths practice questions with solutions that develop their ability to apply the key concepts of the module.

The maths element is jointly taught across ACC1012 (the N400 programme) and ACC1053 (the NN14 programme).

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
Exam Pairings
Module Code Module Title Semester Comment
ACC1053Introductory Quantitative Methods and Principles of Taxation2Maths component of ACC1053 is paired with maths component of ACC1012
Other Assessment
Description Semester When Set Percentage Comment
Prof skill assessmnt1M30Group Presentation (10 minutes) and Group Report (maximum 2,500 words)
Prof skill assessmnt1M10CBAs and case studies for a total of 10% of the module marks.
Prof skill assessmnt2M10CBAs, case study and Minitab assignment for a total of 10% of the module mark.
Formative Assessments
Description Semester When Set Comment
Prob solv exercises1MFor maths, students can sit practice mode CBAs and will be provided with practice questions.
Prob solv exercises2MFor maths, students can sit practice mode CBAs and will be provided with practice questions.
Prof skill assessmnt1MFormative presentations for academic and peer to peer feedback (up to 10 minutes)
Prof skill assessmnt1MWritten report for formative academic and peer to peer feedback (up to two sides A4).
Assessment Rationale And Relationship

The formal mathematics examination and individual assignments will test the mathematics and statistical concepts and techniques introduced in the module.

The key professional skills will be assessed via a group report and a group presentation, relating to a business scenario. In this assessment students will therefore need to demonstrate team working, planning and organisation skills, as well as business awareness, numeracy and data interpretation/ analysis skills.

Self and peer review will take place after the report and presentations, and individuals will receive the group mark adjusted according to self and peer review i.e. their own and their team members' assessment of each other's contributions to report and presentation. Each team is to keep a log of its meetings, which should be handed in with the project itself. The Module Leader retains the right to adjust individual marks where it is deemed necessary in the interests of fairness, including the award of a zero mark for individual students who fail to participate and/or fail to contribute effectively to their group.

In the case of an alternative semester 2 assessment (worth 50% of the overall module mark) being necessary due to circumstances, the module leader will in the first instance consult with the DPD as to the requirements of the professional accrediting body to discuss possible acceptable alternatives. In 2020/21 this alternative was a 24 hour take home exam delivered online, and it is envisioned that if circumstances do not allow a present-in-person timed exam at the end of semester 2, and the professional body agrees, then this may well be an example of the type of alternative assessment which could be put in place.

Reading Lists

Timetable