Management and Financial Accounting
Rhedir gan Bangor Business School
20.000 Credyd neu 10.000 Credyd ECTS
Semester 1 a 2
Trefnydd: Dr Annika Beelitz
This module is avialable through the medium of Welsh (ACB-1110).
This module is a double module, providing an introduction to Financial Accounting in Semester 1 and Management Accounting in Semester 2.
To provide an introduction to basic book-keeping skills, and to develop a broad understanding of accounting theory, concepts and conventions.
To provide an introduction to the role of management accounting in decision-making and managing an organisation.
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.
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.
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.
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.
C- i C+
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.
Management Accounting: Understand the difference between Marginal and Absorption Costing and be able to prepare their Profit Statements
Financial accounting: Demonstrate familiarity with basic book-keeping skills.
Financial accounting: Be capable of preparing accounts for sole traders and companies.
Financial accounting: Demonstrate an understanding of accounting concepts, conventions and theory.
Management accounting: Understand the relationships between cost, volume and profit.
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.
|PRAWF DOSBARTH||Class Test 1||
Mid-term class test to assess students' ability to produce financial statements for sole traders and partnerships.
|PRAWF DOSBARTH||Class Test 2||
Mid-term class test for management accounting
Final exam assessing students' ability to produce financial statements for limited companies as well as knowledge on accounting concepts and conventions.
Final exam for Managment Accounting
Strategaeth addysgu a dysgu
Management accounting: 2 1-hour drop-in sessions
Management Accounting: a 2-hour lecture each week
Financial Accounting: 4 1-hour drop-in sessions
Financial Accounting: a 2-hour lecture each week
- Rhifedd - Medrusrwydd wrth ddefnyddio rhifau ar lefelau priodol o gywirdeb
- Defnyddio cyfrifiaduron - Medrusrwydd wrth ddefnyddio ystod o feddalwedd cyfrifiadurol
- Adalw gwybodaeth - Gallu mynd at wahanol ac amrywiol ffynonellau gwybodaeth
- Dadansoddi Beirniadol & Datrys Problem - Gallu dadelfennu a dadansoddi problemau neu sefyllfaoedd cymhleth. Gallu canfod atebion i broblemau drwy ddadansoddiadau ac archwilio posibiliadau
- Cyflwyniad - Gallu cyflwyno gwybodaeth ac esboniadau yn glir i gynulleidfa. Trwy gyfryngau ysgrifenedig neu ar lafar yn glir a hyderus.
- Rheloaeth - Gallu defnyddio, cydlynu a rheoli adnoddau (dynol, ffisegol ac/neu ariannol)
Sgiliau pwnc penodol
- knowledge of some of the contexts in which accounting can be seen as operating (examples of contexts include the legal, ethical, social and natural environment; the accountancy profession; the business entity; the capital markets; the public sector)
- knowledge of the main current technical language and practices of accounting (for example, recognition, measurement and disclosure in financial statements; managerial accounting; auditing; taxation) in a specified socio-economic domain
- knowledge of some of the alternative technical languages and practices of accounting (for example, alternative recognition rules and valuation bases, accounting rules followed in other socio-economic domains, alternative managerial accounting approaches to control and decision-making)
- skills in recording and summarising transactions and other economic events; preparation of financial statements; analysis of the operations of business (for example, decision analysis, performance measurement and management control); financial analysis and projections (for example, analysis of financial ratios, discounted cash flow analysis, budgeting, financial risks)
- knowledge of contemporary theories and empirical evidence concerning accounting in at least one of its contexts (for example, accounting and capital markets; accounting and the firm; accounting and the public sector; accounting and society; accounting and sustainability) and the ability to critically evaluate such theories and evidence age
- knowledge of theories and empirical evidence concerning financial management, risk and the operation of capital markets (in cases of degrees with significant finance content).
- An ability to understand financial statements, and a basic appreciation of the limitations of financial reporting practices and procedures (eg financial statement analysis; the relation between cash flow accounting and accrual accounting; discretionary accounting practices).
- Numeracy: the use of quantitative skills to manipulate data, evaluate, estimate and model business problems, functions and phenomena.
- Articulating and effectively explaining information.
- Communication and listening including the ability to produce clear, structured business communications in a variety of media.
Rhestrau Darllen Bangor (Talis)http://readinglists.bangor.ac.uk/modules/asb-1110.html
McLaney, E. and Atrill, P. (2020). Accounting and Finance: An Introduction, 10th ed., Pearson
*Older editions of the textbook are also OK for this course.*
Rhagofynion a Chydofynion
Rhagofynnol ar gyfer:
Cyrsiau sy’n cynnwys y modiwl hwn
Gorfodol mewn cyrsiau:
- NR43: BA Accounting/Italian year 1 (BA/AIT)
- NR44: BA Accounting/Spanish year 1 (BA/ASP)
- NR41: BA French/Accounting year 1 (BA/FRA)
- NR42: BA German/Accounting year 1 (BA/GA)
- NN44: BSc Accounting and Banking with International Experience year 1 (BSC/ABIE)
- NN43: BSc Accounting and Banking year 1 (BSC/ACCB)
- NN46: BSc Accounting and Banking (4 year with Incorp Found) year 1 (BSC/ACCB1)
- NL41: BSc Accounting and Economics year 1 (BSC/ACCEC)
- NL4B: BSc Accounting and Economics (4 year with Incorp Foundation) year 1 (BSC/ACCEC1)
- NN4J: BSc Accounting and Finance (4 year with Incorp Found) year 1 (BSC/ACCF1)
- NN4H: BSc Accounting and Finance year 1 (BSC/ACCFIN)
- N402: BSc Accounting & Finance (with International Experience) year 1 (BSC/ACCFINIE)
- NL42: BSc Accounting and Economics with International Experience year 1 (BSC/AEIE)
- N101: BSc Business Studies year 1 (BSC/BS)
- N10B: BSc Business Studies (4 year with Incorporated Foundation) year 1 (BSC/BS1)
- NNM1: BSc Business Studies & Marketing with Intl Experience year 1 (BSC/BSMIE)
- NN1M: BSc Business Studies and Marketing year 1 (BSC/BSMKT)
- NN1K: BSc Business Studies & Marketing (4 year with Incorp Found) year 1 (BSC/BSMKT1)
- IN00: BSc Computer Information Systems for Business year 1 (BSC/CISB)
- IN0B: BSc Computer Information Sys for Bus (4 year w Incorp Found) year 1 (BSC/CISB1)
- GN41: BSC Computer Science for Business year 1 (BSC/CSFB)
- GN4B: BSc Computer Science for Business (4 year with Incorp Found) year 1 (BSC/CSFB1)
- N2NK: BSc Management with Accounting year 1 (BSC/MWACC)
- N2NL: BSc Management with Accounting (4 year with Incorp Found) year 1 (BSC/MWACC1)
- M1N4: LLB Law with Acc and Finance year 1 (LLB/LAF)
- M1NB: LLB Law with Accounting & Finance (4yr with Incorp Found) year 1 (LLB/LAF1)
- M103: LLB Law with Accounting & Finance (Intl Exp) year 1 (LLB/LIA)
Opsiynol mewn cyrsiau:
- N1R1: BA Bus Stud with French year 1 (BA/BSFR)
- N1R2: BA Business Studies with German year 1 (BA/BSGER)
- N1R3: BA Business Studies with Italian year 1 (BA/BSIT)
- N1R4: BA Business Studies with Spanish year 1 (BA/BSSP)
- N107: BA Business year 1 (BA/BUS)
- N5R3: BA Marketing with Italian year 1 (BA/MKITAL)
- N5R1: BA Marketing with French year 1 (BA/MKTFR)
- N5R2: BA Marketing with German year 1 (BA/MKTGER)
- N5R4: BA Marketing with Spanish year 1 (BA/MKTSP#)
- N109: BSc Bus Analytics w Financial Tech year 1 (BSC/BAFT)
- L190: BSc Business Economics year 1 (BSC/BEC)
- L19B: BSc Business Economics (4 year with Incorporated Foundation) year 1 (BSC/BEC1)
- L191: BSc Business Economics with International Experience year 1 (BSC/BECIE)
- 8V55: BSc Banking and Finance (with International Experience) year 1 (BSC/BFIE)
- N391: BSc Banking and Finance year 1 (BSC/BFIN)
- N39B: BSc Banking and Finance (4 year w Incorporated Foundation) year 1 (BSC/BFIN1)
- L192: BSc Business Economics (Bangor International College) year 1 (BSC/BICBE)
- L193: BSc Financial Economics (Bangor International College) year 1 (BSC/BICFE)
- N312: BSc Banking with Financial Tech year 1 (BSC/BKFT)
- L111: BSc Financial Economics year 1 (BSC/FINEC)
- L11B: BSc Financial Economics (4 year w Incorporated Foundation) year 1 (BSC/FINEC1)
- N501: BSc Marketing year 1 (BSC/MKT)
- N50B: BSc Marketing (4 year with Incorporated Foundation) year 1 (BSC/MKT1)
- M100: LLB Law year 1 (LLB/L)
- M11B: LLB Law (4 year with Incorporated Foundation) year 1 (LLB/L1)
- M102: LLB Law (International Experience) year 1 (LLB/LI)