ACCOUNTING AND ENTREPRENEURSHIP

Course Code: AC 1513
Credit Points: 15
Course Coordinator: Mr A Mulhern

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

2 one-hour lectures per week and 1 two-hour tutorial per week.

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.