| CODE | EMA1314 | ||||||||||||
| TITLE | Financial Accounting and Control 1 | ||||||||||||
| UM LEVEL | 01 - Year 1 in Modular Undergraduate Course | ||||||||||||
| MQF LEVEL | 5 | ||||||||||||
| ECTS CREDITS | 4 | ||||||||||||
| DEPARTMENT | Faculty of Economics, Management and Accountancy | ||||||||||||
| DESCRIPTION | This study-unit provides students with an introduction to the realm of financial accounting covering the following topics: - Objectives and scope of Financial Accounting. The identification of business transactions and their recording in the books of prime entry, with eventual posting into the ledgers. - Extraction of the trial balance. - Bank Reconciliation Statements. - Preparation of final accounts of sole traders and companies. - Control Accounts. - Incomplete Records and Single-Entry Book-keeping. - Accounting from cash records and preparation of accounts for Not-for-Profit Organisations. - The Statement of Cash Flows. - Interpretation of Accounts. - The Annual Report and Published Accounting 福利在线免费. Study-unit Aims: The aim of this study-unit is to provide students with the necessary analytical skills to interpret a set of financial statements. Learning Outcomes: 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: - Define what accounting is and distinguish the distinct branches within the accountancy profession. - Recognise that in the ideal situation double-entry book-keeping is applied to record business transactions. - Analyse a complete set of financial statements through the application of ratio analysis. 2. Skills: By the end of the study-unit the student will be able to: - Demonstrate what the principal financial statements are and what information each of them transmit to interested users. - Interpret a complete set of financial statements. - Prescribe an optimal course of action depending on the results obtained from the interpretation carried out. Main Text/s and any supplementary readings: Financial Accounting by Michael Jones - Wiley Publishers. ISBN 978-0-470-05898-5. Introduction to Accounting 3rd Edition by Pru Marriott, JR Edwards & HJ Mellett - SAGE Publications. ISBN 0-7619-7038 X. Accounting for Non-Accounting Students 6th Edition by JR Dyson - FT Prentice Hall. ISBN 0-273-64683-4. Management, 8th Edition by Schermerhorn, J.R. - Wiley. |
||||||||||||
| STUDY-UNIT TYPE | Lecture and Tutorial | ||||||||||||
| METHOD OF ASSESSMENT |
|
||||||||||||
| LECTURER/S | Ivan Paul Grixti |
||||||||||||
|
The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2025/6. It may be subject to change in subsequent years. |
|||||||||||||