- Course Code
- AC 1513
- Credit Points
- 15
- Course Coordinator
- Professor D Heald
Pre-requisites
None.
Overview
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
Structure
18 one-hour lectures; and 9 two-hour tutorials.
Assessment
1st Attempt: 1 two-hour closed-book written examination (70%) and continuous assessment based on work in tutorials and participation in an online computer assisted learning package (30%).
Resit: 1 two-hour written examination (70%) and continuous assessment (30%). Students can carry forward their continuous assessment marks from a previous sitting. Because of the nature of the continuous assessment, this cannot be retaken within the same academic session. Accordingly, where this is in the interests of the student, the student will be assessed on the resit examination alone. Some of the tutorial test marks count towards continuous assessment.
Formative Assessment
Formative assessment is conducted in two ways. First, in advance of each tutorial, students are given exercises and problems. The tutor provides feedback to that group and the course co-ordinator also provides feedback via WebCT. Students are also given tests during tutorials, on which feedback is provided.
Feedback
Customised feedback provided through the return by tutors of marked work. Generic feedback is posted on WebCT by the course co-ordinator.