Course Resources Archive
AC4020: Introduction to Financial Accounting
| Module Title | Introduction to Financial Accounting |
|---|---|
| Module Code | AC4020 |
| Module Tutor | Charles A Afriyie |
| School | Accounting and Law |
| CAT Points | 15 |
| Level of Study | 4 |
| Pre-requisites | None |
| Co-requisites | None |
| Restrictions | Cannot be counted with ACC120 |
| Brief Description | This module provides a practical introduction to the concepts, conventions and practices used in processing business transactions into general purpose financial statements to enable a critical evaluation of the role accounting information plays in decision made by users of such information. |
| Indicative Syllabus | this module considers accounting concepts, books of original entry, correction of accounting errors, preparing final accounts of sole proprietorships and limited liability companies and interpreting accounting ratios. |
| Learning Outcomes | A student passing this module should be able to: 1. Display an understanding of the regulatory and professional framework within which accounting operates; (PLO1) 2. Demonstrate an understanding of accounting concepts and their relevance in recording and reporting business transactions; (PLO2) 3. Evaluate accounting records to identify and correct accounting errors; (PLO3) 4. Apply accounting concepts and techniques in drafting basic financial statement for sole proprietorships and limited liability companies; (PLO2) 5. Compute and explain basic accounting ratios; (PLO3) Evaluate financial accounting information as the basis of decision making. (PLO3) |
| Learning and Teaching Activities | Scheduled Contact Hours: 36 Independent Learning Hours: 114 |
| Assessment (For further details see the Module Guide) | 001: 25% Written Exam: In-class, multiple choice: 0.45 hours 002: 50% Coursework: Group work, standard, written: 1500 words or equivalent 003: 25% Written Exam: In-class, multiple choice: 0.45 hours |
| Special Assessment Requirements | |
| Indicative Resources | The Library Catalogue contains full details of the current reading list for this module. Further details may also be found in the Module Guide. |
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