Management and Financial Accounting
Rhedir gan Bangor Business School
20.000 Credyd neu 10.000 Credyd ECTS
Semester 1 a 2
Trefnydd: Prof John Ashton
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.
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.
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.
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: Understand the difference between Marginal and Absorption Costing and be able to prepare their Profit Statements
Management accounting: Be able to prepare a cash budget and be able to understand how they are used for planning and control.
Financial accounting: Demonstrate familiarity with basic book-keeping skills.
|Class Test 1||20.00|
|Class Test 2||20.00|
Strategaeth addysgu a dysgu
Financial Accounting: 4 1-hour drop-in sessions
Financial Accounting: a 2-hour lecture each week
Management Accounting: a 2-hour lecture each week
Management accounting: 2 1-hour drop-in sessions
- 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/etb-1110.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.
Cyrsiau sy’n cynnwys y modiwl hwn
Gorfodol mewn cyrsiau:
- N325: BSc Finance, Investment & Risk year 1 (BSC/FIR)
- N223: BSc Industrial Management year 1 (BSC/IM)
- L11M: BSc Business Economics (Franchised) year 1 (BSC/PBE)
- N34M: BSc Banking and Finance (Franchised) year 1 (BSC/PBF)
- N82M: BSc International Bus in Tourism & Hospitality (Franchised) year 1 (BSC/PIBTH)
- N83M: BSc Tourism & Hospitality: Managemt Leadership (Franchised) year 1 (BSC/PTHML)