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AC1517: ACCOUNTING AND ENTREPRENEURSHIP (2023-2024)

Last modified: 23 Jul 2024 10:44


Course Overview

The course provides an understanding of how organisations, particularly small businesses, capture, create and use accounting information both to guide their own activities and to communicate their financial performance and financial position to parties external to themselves. It develops knowledge and understanding of accounting, accounting techniques and accounting information, so that students become informed users of accounting data and information, not creators of that data and information.

Course Details

Study Type Undergraduate Level 1
Term Second Term Credit Points 15 credits (7.5 ECTS credits)
Campus Aberdeen Sustained Study No
Co-ordinators
  • Professor Alan Sangster

What courses & programmes must have been taken before this course?

  • Any Undergraduate Programme (Studied)
  • Either Programme Level 1 or Programme Level 2

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

Are there a limited number of places available?

No

Course Description

This course assumes no prior knowledge of accounting. It provides an introduction to how accounting information is used, and to the secrets and tricks managers and accountants adopt when using financial data to inform their decision making. It covers the four cornerstones of accounting: the mysteries of bookkeeping, treatment of costs, financial accounting, and management accounting, all in sufficient detail to allow data and information to be understood, interpreted, and explained. A clear and accessible approach is adopted throughout that focuses on explanation and developing understanding. While small business and entrepreneurship are emphasised, the roles of accounting in large companies and not-for-profit organizations are also discussed.

 


Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

More Information about Week Numbers


Details, including assessments, may be subject to change until 30 August 2024 for 1st term courses and 20 December 2024 for 2nd term courses.

Summative Assessments

Class Test - Multiple Choice Questions

Assessment Type Summative Weighting 100
Assessment Weeks Feedback Weeks

Look up Week Numbers

Feedback

4 x 20 minute online tests (25% each)

Feedback will be provided after all students have completed each of the tests.

 

Learning Outcomes
Knowledge LevelThinking SkillOutcome
ConceptualAnalyseDemonstrate the ability to interpret accounting data and accounting information.
ConceptualUnderstandDemonstrate understanding of accounting data and accounting information.
FactualUnderstandDemonstrate knowledge and understanding of accounting terms, techniques, and processes.
ProceduralRememberDescribe the process whereby transaction data is converted into accounting data.

Formative Assessment

There are no assessments for this course.

Resit Assessments

Exam - Multiple Choice Questions

Assessment Type Summative Weighting 100
Assessment Weeks Feedback Weeks

Look up Week Numbers

Feedback

Online Invigilated Exam

Feedback will be available after the grades are released.

Learning Outcomes
Knowledge LevelThinking SkillOutcome
Sorry, we don't have this information available just now. Please check the course guide on MyAberdeen or with the Course Coordinator

Course Learning Outcomes

Knowledge LevelThinking SkillOutcome
ConceptualUnderstandDemonstrate understanding of accounting data and accounting information.
ProceduralRememberDescribe the process whereby transaction data is converted into accounting data.
FactualUnderstandDemonstrate knowledge and understanding of accounting terms, techniques, and processes.
ConceptualAnalyseDemonstrate the ability to interpret accounting data and accounting information.

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