AC1515: ACCOUNTING AND ENTREPRENEURSHIP (2021-2022)

Last modified: 31 May 2022 13:05

Course Overview

This is an introduction to accounting which aims to provide an understanding of how organisations – particularly small and medium sized businesses – capture, create and use accounting information both to guide their activities internally within the management function and to communicate their financial performance and position to external users of the accounts. This course allows students to develop practical and analytical skills through a problem-solving approach to accounting-related aspects of business performance reporting and control, particularly in relation to bookkeeping, accounts preparation, budgeting and management accounting.

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?

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

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

None.

Are there a limited number of places available?

Course Description

An introduction to accounting

The need for performance measurement and accounting
An introduction to business planning

An overview of financial accounting

Recording and classifying transactions: Double entry systems
Analysing transactions: preparation of financial statements – trading and manufacturing
Basic cash flow statements

An overview of management accounting

Understanding costs – behaviour, labour, materials and overheads
An introduction to costing systems – absorption and marginal costing
Short term decision making
Budgeting

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

Alternative Assessment

4 x MCQ Tests (30%)

Final exam (70%)

Alternative Resit Assessment

Final Exam (100%)

Formative Assessment

There are no assessments for this course.

Course Learning Outcomes

Knowledge Level	Thinking Skill	Outcome
Factual	Remember	ILO’s for this course are available in the course guide.