Module ETB-1110:
Manag & Financial Accounting
Management and Financial Accounting 2024-25
ETB-1110
2024-25
Bangor Business School
Module - Semester 1 & 2
20 credits
Module Organiser:
Debbie Gilliland
Overview
The financial accounting section of this module introduces book-keeping skills and techniques and also includes accounting concepts and conventions which guide corporate accounting practice. The content encompasses measuring and reporting the financial position of an organisation; measuring and reporting the financial performance of an organisation; and book-keeping and the preparation of company and sole-trader accounts.
The management accounting section of this module encompasses marginal analysis; full costing; marginal and costing profit statements; and cash budgets.
Assessment Strategy
-threshold -D- to D+ (40-49%): No major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives.
-good -B- to B+ (60-69%): Very good performance Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills.
-excellent -A- to A+ (70%+): Outstanding performance. The relevant information accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills.
-another level-C- to C+ (50-59%): Much of the relevant information and skills mostly accurately deployed. Adequate grasp of theoretical/conceptual/practical elements. Fair integration of theory/practice/information in the pursuit of the assessed work's objectives. Some evidence of the use of creative and reflective skills.
Learning Outcomes
- Financial accounting:
Be capable of preparing accounts for sole traders and companies.
- Financial accounting:
Demonstrate an understanding of accounting concepts, conventions and theory.
- Financial accounting:
Demonstrate familiarity with basic book-keeping skills.
- Management Accounting:
Understand the difference between Marginal and Absorption Costing and be able to prepare their Profit Statements
- Management accounting:
Be able to classify, estimate and allocate costs and overheads.
- Management accounting:
Be able to prepare a cash budget and be able to understand how they are used for planning and control.
- Management accounting: Understand the relationships between cost, volume and profit.
Assessment method
Exam (Centrally Scheduled)
Assessment type
Crynodol
Description
Class Test 1
Weighting
20%
Assessment method
Exam (Centrally Scheduled)
Assessment type
Crynodol
Description
Class Test 2
Weighting
10%
Assessment method
Exam (Centrally Scheduled)
Assessment type
Crynodol
Description
Semester 2 exam
Weighting
30%
Assessment method
Case Study
Assessment type
Crynodol
Description
Case Study
Weighting
30%
Assessment method
Exam (Centrally Scheduled)
Assessment type
Crynodol
Description
Class Test 3
Weighting
10%