Modiwl ASB-1120:
Principles of Financial Accoun
Principles of Financial Accounting 2023-24
ASB-1120
2023-24
Bangor Business School
Module - Semester 1
20 credits
Module Organiser:
Wendy Ashurst
Overview
The module introduces book-keeping skills and techniques and also includes accounting concepts and conventions which guide corporate accounting practice.
The content encompasses measuring and reporting the financial position of an organisation; measuring and reporting the financial performance of an organisation; and book-keeping and the preparation of company and sole-trader accounts.
Assessment Strategy
-threshold -D- to D+ (40-49%): No major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives. -good -B- to B+ (60-69%): Very good performance Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills. -excellent -A- to A+ (70%+): Outstanding performance. The relevant information accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills. -another level-C- to C+ (50-59%): Much of the relevant information and skills mostly accurately deployed. Adequate grasp of theoretical/conceptual/practical elements. Fair integration of theory/practice/information in the pursuit of the assessed work's objectives. Some evidence of the use of creative and reflective skills.
Learning Outcomes
- Be capable of preparing accounts for sole traders and companies.
- Demonstrate an understanding of accounting concepts, conventions and theory.
- Demonstrate familiarity with basic book-keeping skills.
- Develop confidence and competence in a range of learning process
- Develop the ability to find materials relevant to particular issues and to appraise their provenance and limitations
Assessment method
Exam (Centrally Scheduled)
Assessment type
Crynodol
Description
Final Exam Exam that will assess all learning outcomes, and will require a mixture of computational and written work
Weighting
75%
Assessment method
Class Test
Assessment type
Crynodol
Description
Class Test 1 Mid-semester multiple-choice question - testing students understanding on the double entry process.
Weighting
25%
Due date
28/10/2022