Management and Financial Accounting
Rhedir gan Bangor Business School - (Changsha)
20.000 Credydau neu 10.000 Credyd ECTS
Semester 1 a 2
Trefnydd: Ms Wendy Ashurst
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.
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.
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.
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.
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.
|Class test 1||20.00|
|Class test 2||20.00|
Strategaeth addysgu a dysgu
Management accounting: 2 1-hour drop-in sessions
Management Accounting: a 2-hour lecture each week
Financial Accounting: a 2-hour lecture each week
Financial Accounting: 4 1-hour drop-in sessions
- Numeracy - Proficiency in using numbers at appropriate levels of accuracy
- Computer Literacy - Proficiency in using a varied range of computer software
- Information retrieval - Able to access different and multiple sources of information
- Critical analysis & Problem Solving - Able to deconstruct and analyse problems or complex situations. To find solutions to problems through analyses and exploration of all possibilities using appropriate methods, rescources and creativity.
- Presentation - Able to clearly present information and explanations to an audience. Through the written or oral mode of communication accurately and concisely.
- Management - Able to utilise, coordinate and control resources (human, physical and/or financial)
Rhestr ddarllen Talishttp://readinglists.bangor.ac.uk/modules/asb-1170.html
McLaney, E. and Atrill, P. (2018). Accounting and Finance: An Introduction, 9th ed. Pearson, ISBN: 978-1-292-20448-2. 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:
- N405: BSc Accounting & Finance (Bangor College, China) year 1 (BSC/AFBC)
- N392: BSc Banking & Finance (Bangor College, China) year 1 (BSC/BFINBC)