Introduction to Accounting and Finance

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

• simple sets of financial statements;
• key capital aspects of the business;
• the management functions of planning, decision making and control and how these are related within a business activity;
• the use of the main schemes of cost classification, costing methods, contribution analysis and capital investment appraisal.

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• define, calculate and interpret ratios that help to analyse and understand business performance;
• discuss who might be the main users of financial statements and their needs;
• appreciate the basic principles underlying costs;
• explain applications of contribution analysis;
• explain the benefits of budgetary control.

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• self-management; learning skills; communication skills; problem solving.

Formative

This is how we’ll give you feedback as you are learning. It is not a formal test or exam.

Set exercises - non-exam

• Assessment Type: Formative
• Feedback: Feedback on exercises provided.
• Final Assessment: No
• Group Work: No

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.