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University of Exeter Business School

Introduction to Accounting

Module titleIntroduction to Accounting
Module codeBEA1013
Academic year2023/4
Module staff

Dr Peta Myers (Convenor)

Duration: Term123
Duration: Weeks


Number students taking module (anticipated)


Module description


This module is intended for  Business and Management 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

Module aims - intentions of the module

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.

Intended Learning Outcomes (ILOs)

ILO: Module-specific skills

On successfully completing the module you will be able to...

  • 1. explain and apply the financial accounting principles and the concepts which underpin the IASB accounting framework
  • 2. explain the accounting cycle and the flow involved in processing the information required
  • 3. explain the purpose of the statements of profit and loss, changes in equity and financial position
  • 4. explain who the users of the financial statements are and what their financial information needs would be
  • 5. explain the purpose of and demonstrate how to draw up simple journal entries and general ledger accounts
  • 6. explain the purpose of a trial balance and the errors which a trial balance will not identify
  • 7. explain, discuss and 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. interpret the information contained in simple financial statements, with regard to the financing of companies and the presentation of simple company accounts.
  • 10. explain the purpose and the basic principles on which a cash flow statement is constructed.
  • 11. discuss the profitability and liquidity of a business using ratio analysis
  • 12. distinguish between fixed and variable costs, demonstrate how to calculate the break-even point
  • 13. apply absorption costing methods and calculate a simple activity-based cost.

ILO: Discipline-specific skills

On successfully completing the module you will be able to...

  • 14. use accounting concepts and conventions to apply accounting principles in practical situations;
  • 15. explain how accounting data is used by diverse stakeholder groups;
  • 16. 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

On successfully completing the module you will be able to...

  • 17. demonstrate basic written communication skills;
  • 18. demonstrate basic problem solving skills;
  • 19. demonstrate time-management skills.

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

Ratio Analysis

Management Accounting, fixed and variable costs, absorption and activity-based costs

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
Scheduled Learning and Teaching Activity2Revision Lecture
Scheduled Learning and Teaching Activity10Tutorials
Guided Independent Study120Reading and preparation for lectures, tutorials, and assessments

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
Examination601 hours1-15Mark awarded. Indicative answers posted on line.
In term test, week 5201 hour1-6 & 9-15Mark awarded. Indicative answers posted on line.
In term test, week 10201 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
In-term test Week 5 (20%)1 hour Test – 20%1-15August/September Reassessment Period
In-term test Week 10 (20%) 1 hour Test – 20%1-15August/September Reassessment Period
Examination (60%)1 hour Examination – 60 %1-15August/September Reassessment Period

Re-assessment notes

Should a re-sit be required for either of the tests or examination for this module, it will be by means of one hour tests accounting for 20% each or a one-hour examination accounting for 60% module marks, as relevant.

Indicative learning resources - Basic reading

Core Texts:

Carey, M., & Knowles, C., (2020). Accounting a Smart Approach (4th ed.). Oxford: Oxford University Press.

Recommended Reading:

Scott, P. (2019). Accounting for business (3rd ed.). Oxford: Oxford University Press.  

Atrill, P. & McLaney, E. (2019). Accounting and finance for non-specialists (11th ed.). Harlow: Pearson Education.

Dyson, J.R., & Franklin, E. (2017). Accounting for non-accounting students (9th ed.). Harlow: Pearson Education.

Indicative learning resources - Web based and electronic resources

ELE – College to provide hyperlink to appropriate pages

Key words search

Introductory accounting, basic accounting, business accounting, accounting.

Credit value15
Module ECTS


Module pre-requisites


Module co-requisites

Not to be taken with BEA1008 or BEA1009.

NQF level (module)


Available as distance learning?


Origin date


Last revision date