Introduction to Accounting

Module description


This module is intended for  Business and Management students- students who would like an introduction to the role of financial accounting from the perspective of the modern manager.


Additional information:



The internationalisation of accounting standards and management accounting practices is emphasised in the teaching of the module. This would allow students not only to get an understanding of working abroad in accounting and general business departments, but also to consider the development and future prospects of related developments.



Sustainable and unsustainable practices will be discussed throughout the module. Corporate accounting is examined as a whole, not only looking at the financial elements, but also trying to identify patterns and explain the social and environmental ones.



Since students will be taught current national and international corporate accounting practices, they will acquire an understanding of basic accounting knowledge that is necessary for working in accounting or general business departments in the UK or abroad. They will also be able to develop their transferable skills in basic writing, problem solving, numeracy, communication, and time management

Full module specification

Module title:Introduction to Accounting
Module code:BEA1013
Module level:1
Academic year:2020/1
Module lecturers:
  • Dr Peta Myers - Convenor
Module credit:15
ECTS value:





Not to be taken with BEA1008 or BEA1009.

Duration of module: Duration (weeks) - term 2:


Module aims

This module aims to provide students with a broad understanding of the fundamentals of recording transactions, the content of financial reports, the scope of financial reporting in the UK and the basics of the interpretation of published accounting information.

ILO: Module-specific skills

  • 1. Explain and apply the financial accounting principles and the concepts which underpin the IASB accounting framework
  • 2. Understand and explain the accounting cycle and the flow involved in processing the information required
  • 3. Understand and explain the purpose of the statements of profit and loss, changes in equity and financial position
  • 4. Understand who the users of the financial statements are and what their financial information needs would be
  • 5. Understand the purpose of and demonstrate how to draw up simple journal entries and general ledger accounts
  • 6. Understand the purpose of a trial balance and the error which a trial balance will not identify
  • 7. Understand, discuss and be able to carry out the adjustments required to ensure that the financial statements are prepared on the accrual basis and the implications of this on the entities financial statements
  • 8. Use the information provided to construct simple statements of profit and loss, changes in equity and financial position
  • 9. Understand the purpose of and be able to prepare simple debtors’, creditors’ and bank reconciliation statements

ILO: Discipline-specific skills

  • 10. Use accounting concepts and conventions to apply accounting principles in practical situations
  • 11. Understand how accounting data is used by diverse stakeholder groups
  • 12. Prepare simple journals entries and general ledger accounts, and a trial balance and from these financial statements, taking into account relevant adjustments, based on the IFRS principles

ILO: Personal and key skills

  • 13. Demonstrate basic written communication skills
  • 14. Demonstrate basic problem solving skills
  • 15. Demonstrate time-management skills

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Scheduled Learning and Teaching Activity18Lectures
Contact Hours2Revision Lecture
Contact Hours10Tutorials

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Audience Response SystemsOnline Multiple Choice self check questions1-15In-class (lectures)
Weekly tutorials for discussion3 hrs preparation by student / 1 hr in class discussion1-15In-class (lectures)

Summative assessment (% of credit)

CourseworkWritten examsPractical exams

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Examination702 hours1-14Mark awarded. Indicative answers posted on line.
In term test, week 5151 hour1-6 & 9-15Mark awarded. Indicative answers posted on line.
In term test, week 9151 hour1-6 & 9-15Mark awarded. Indicative answers posted on line.

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Examination1 hr written examination (100%)1-15August/September reassessment period

Re-assessment notes

Should a re-sit be required for this module, it will be by means of one 1-hour examination accounting for 100% module marks.

Syllabus plan

  • The accounting world, principles and rules 

  • The accounting equation and financial statements

  • Users of financial statements and their accounting needs

  • The accounting cycle: understanding the flow from source document to completed financial statements

  • Financial Statements

  • Adjusting financial statements: accruals, prepayments, depreciation and bad debts

  • Debtors, Creditors and Bank reconciliations

  • Social and environmental accounting

Indicative learning resources - Basic reading

Core Texts

Scott (2016) Accounting for Business [2nd edition] Oxford University Press. (ISBN 978-0-19-871986-1)

Atrill and McLaney (2013) Accounting and Finance for Non-Specialists [8th edition] Pearson Education.

Proctor, R. (2009) Managerial Accounting for Business Decisions [3rd edition] Pearson Education.

Dyson, J. (2010) Accounting for Non-Accounting Students [8th edition] Pearson Education.

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