Modiwl BIC-0015:
INTRODUCTION TO FINANCIAL ACCOUNTING

Ffeithiau’r Modiwl

Rhedir gan Bangor University International College

10.000 Credyd neu 5.000 Credyd ECTS

Semester 1 a 2

Trefnydd: Mrs Laura McKenzie

Amcanion cyffredinol

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

Cynnwys cwrs

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

Meini Prawf

trothwy

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.

da

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.

ardderchog

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.

Canlyniad dysgu

  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

Dulliau asesu

Math Enw Disgrifiad Pwysau
Coursework 1 30.00
Final exam 40.00
Coursework 2 30.00

Strategaeth addysgu a dysgu

Oriau
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

Sgiliau Trosglwyddadwy

  • Rhifedd - Medrusrwydd wrth ddefnyddio rhifau ar lefelau priodol o gywirdeb
  • Hunanreolaeth - Gallu gweithio mewn ffordd effeithlon, prydlon a threfnus. Gallu edrych ar ganlyniadau tasgau a digwyddiadau, a barnu lefelau o ansawdd a phwysigrwydd
  • Archwilio - Gallu ymchwilio ac ystyried dewisiadau eraill
  • Adalw gwybodaeth - Gallu mynd at wahanol ac amrywiol ffynonellau gwybodaeth
  • Sgiliau Rhyngbersonol - Gallu gofyn cwestiynau, gwrando'n astud ar atebion a'u harchwilio

Sgiliau pwnc penodol

  • 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

Adnoddau

Rhestr ddarllen

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

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