Accounting and Finance
Introduction to Financial Accounting
Module code: N1526
15 credits in spring semester
Teaching method: Lecture, Seminar
Assessment modes: Computer based exam, Coursework
Financial Accounting is used by all large organisations to communicate information in financial statements to external stakeholders for the purposes of control and accountability. The aim of this module is to equip you with an initial understanding of the fundamental principles and techniques of financial accounting; and also to lay the foundations for a spirit of inquiry about the merits of alternative methods of preparing and communicating financial information to different stakeholders in a range of organisation forms. You will continue your studies in financial statement in your second year with us.
Module learning outcomes
- Demonstrate knowledge and understanding of the mechanisms of accounting systems which record and control accounting transactions and generate financial statements
- Explain the conceptual and regulatory framework of financial accounting.
- Apply double entry techniques to record transactions and prepare financial statements for a range of accounting entities
- Interpret financial statements and understand and explain the differences between cash flow and income and relate these to user needs.