Run by Bangor University International College

10.000 Credits or 5.000 ECTS Credits

Semester 1 & 2

Organiser: Mrs Laura McKenzie

1) To introduce students to the basic mechanics and processes of financial accounting in both theory and practice and so prepare them for the later years of their degree studies in Business Management and Accounting and Finance

2) To help students to understand the importance of financial accounting procedures in running a business effectively

This module provides the appropriate foundation in financial accounting to enable students to be successful at Level 4 and beyond in their business-related undergraduate studies.

The main topics covered are:

a) Accounting records and their importance to commercial operations

b) Source materials and their use in preparing journals/day-books and ledger accounts

c) Recording credit and cash transactions using the system of double-entry bookkeeping; checking accuracy and preparing a trial balance

d) Calculation of some key ratios and using these to interpret a basic Statement of Financial Position and Income Statement

e) Trading and profit and loss accounts, depreciation, stock inventories

f) Main applications of ICT in financial accounting

threshold

Grade D

Student has demonstrated sufficient grasp of the theory and practice of financial accounting to achieve the lowest level of pass that can allow progression to the first year of an undergraduate degree programme.

good

Grade B

Student has shown a sound, basic understanding of the main theories and practical applications of financial accounting and so demonstrated a clear suitability for undergraduate level study.

excellent

Grade A

Student has consistently produced a level of attainment which shows a strong understanding of the topics covered in this module, thereby strongly demonstrating the ability to cope with the demands of degree level study.

1. Use key ratios to interpret Statement of Financial Position and Income Statement

2. Explain the value of financial accounting process to a business

3. Demonstrate a knowledge of basic terms and concepts of financial accounting

4. Demonstrate an understanding of basic theory and practice of financial accounting

5. Use double-entry bookkeeping to record financial transactions of a company and prepare a trial balance

6. Demonstrate how ICT supports the contemporary accounting function

Type	Name	Description	Weight
COURSEWORK	Coursework 1	Individual assignment assessing topics studied up to midterm point. Specific and task relevant assessment criteria.	30.00
EXAM	Final exam	Unseen examination with specific task relevant assessment criteria.	40.00
COURSEWORK	Coursework 2	Individual assignment assessing topics studied up to midterm point. Specific and task relevant assessment criteria.	30.00

		Hours
Private study	Private Study – reading time, preparing and taking assessments 50 hours	50
Seminar	50 hours of seminar style classes – 5 hours a week through a 10-week term	50

• Numeracy - Proficiency in using numbers at appropriate levels of accuracy
• Self-Management - Able to work unsupervised in an efficient, punctual and structured manner. To examine the outcomes of tasks and events, and judge levels of quality and importance
• Exploring - Able to investigate, research and consider alternatives
• Information retrieval - Able to access different and multiple sources of information
• Inter-personal - Able to question, actively listen, examine given answers and interact sentistevely with others

• Demonstrate numeracy skills required as a basis for further studies in Economics, Financial Accounting and Management
• Accurately apply business models to show an understanding of efficiency and external pressures to an organisation

Reading list

Dyson,J. & Franklin,E.(2017) Accounting for Non-Accounting students (9th edition) Pearson Education Limited: Harlow

McLaney, E. and Atrill, P. (2018). Accounting and Finance: An Introduction, 9th ed. Pearson

Compulsory in courses:

• N2MB: BA Business Man & Law (4 year with Incorp Foundation) year 0 (BA/BML1)
• NM1B: BA Business and Law (4 year with Incorporated Foundation) year 0 (BA/BUSLAW1)
• NN46: BSc Accounting and Banking (4 year with Incorp Found) year 0 (BSC/ACCB1)
• NN3F: BSc Accounting and Banking year 0 (BSC/ACCBF)
• NL4B: BSc Accounting and Economics (4 year with Incorp Foundation) year 0 (BSC/ACCEC1)
• NL4F: BSc Accounting and Economics year 0 (BSC/ACCECF)
• NN4J: BSc Accounting and Finance (4 year with Incorp Found) year 0 (BSC/ACCF1)
• NN4F: BSc Accounting and Finance year 0 (BSC/ACCFINF)
• L19B: BSc Business Economics (4 year with Incorporated Foundation) year 0 (BSC/BEC1)
• L19F: BSc Business and Economics year 0 (BSC/BECF)
• N39B: BSc Banking and Finance (4 year w Incorporated Foundation) year 0 (BSC/BFIN1)
• N39F: Banking and Finance year 0 (BSC/BFINF)
• N20B: BSc Business Management (4 year with Incorp Foundation) year 0 (BSC/BM1)
• N2NF: BSc Business Man with Account (4 yr with Incorp Foundation) year 0 (BSC/BMA1)
• N3NF: BSc Business Management with Accounting year 0 (BSC/BMAF)
• NN2B: BSc Business Man & Finance (4 year with Incorp Foundation) year 0 (BSC/BMF1)
• N20F: BSc Business Management year 0 (BSC/BMFF)
• NN2F: BSc Business Management and Finance year 0 (BSC/BMFINF)
• N2NC: BSc Business Man & Marketing (4 yr with Incorp Foundation) year 0 (BSC/BMM1)
• N5NF: BSc Business Management and Marketing year 0 (BSC/BMMF)
• N10B: BSc Business Studies (4 year with Incorporated Foundation) year 0 (BSC/BS1)
• NN1J: BSc Business Studies and Finance (4 year with Incorp Found) year 0 (BSC/BSFIN1)
• NN1K: BSc Business Studies & Marketing (4 year with Incorp Found) year 0 (BSC/BSMKT1)
• L11B: BSc Financial Economics (4 year w Incorporated Foundation) year 0 (BSC/FINEC1)
• L11F: BSc Financial Economics year 0 (BSC/FINECF)
• N50B: BSc Marketing (4 year with Incorporated Foundation) year 0 (BSC/MKT1)
• N50F: BSc Marketing year 0 (BSC/MKTF)