| CODE | IFS0304 | ||||||||
| TITLE | Introduction to Accounts 1 | ||||||||
| UM LEVEL | 00 - Mod Pre-Tert, Foundation, Proficiency & DegreePlus | ||||||||
| MQF LEVEL | 4 | ||||||||
| ECTS CREDITS | 5 | ||||||||
| DEPARTMENT | Business Studies | ||||||||
| DESCRIPTION | This study-unit provides students with a suitable background in Financial Accounting with the aim of preparing them for the more advanced work they are likely to encounter during their undergraduate studies. This study-unit is particularly useful for those students who do not have any prior knowledge of accounting and who intend to eventually join the Bachelor of Commerce or the B.Sc. (Business and Computing) courses and need to satisfy the Special Course Requirements as stipulated in the regulations for these courses. Additionally, this study-unit also introduces students to the accounting requirements of multi-owner organisations, including related advantages and disadvantages - particularly in respect of limited liability companies. Study-Unit Aims: The aims of this study-unit are to: - provide learners with a foundational background and understanding of accounting statements. - provide learners 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: - explain the difference between a sole trader and multi-owner business entities; - analyse the advantages and disadvantages of each of these organizational set-ups; - understand the accounting requirements of multi-owner organizations. 2. Skills: By the end of the study-unit the student will be able to: - describe the format and contents of a typical set of published accounting statements; - prepare a cash-flow statement for a limited liability company; - compile a basic statement of change in equity. Main Text/s and any supplementary readings: - Accounting for Non-Accounting Students (8th edition), John R. Dyson (2010) FT Prentice Hall. ISBN: 10: 0-273-72297-2. ISBN-13: 978-0-273-72297-7. - Accounting (3rd edition), Michael Jones (2013) John Wiley & Sons Ltd. ISBN-10: 1-119-97718-5. ISBN-13: 978-1-119-97718-6. |
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| STUDY-UNIT TYPE | Lecture, Independent Study & Tutorial | ||||||||
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| LECTURER/S | Paulanne Mamo |
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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. |
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