Undergraduate Course: Accounting for Business 1 (ACCN08012)
||College||College of Arts, Humanities and Social Sciences
|Credit level (Normal year taken)||SCQF Level 8 (Year 1 Undergraduate)
||Availability||Available to all students
|Summary||This course provides an introduction to accounting and finance for managers. The course examines the basic principles and underlying concepts and ways in which accounting statements and financial information can be used to improve the quality of decision making.
This course is primarily intended for students who are required, or choose, to study accounting as part of a non-accounting degree. There is a particular emphasis on understanding accounting information and financial management through providing an introduction to those analytical tools necessary to understand the financial management of an organisation and the interrelationship between accounting data, financing requirements and decision making.
It begins by putting the key accounting and finance concepts in context before exploring financial and management accounting principles and practices and how these relate to corporate decision making. It will introduce students to the nature and presentation of financial statements and how these can be used to report financial performance before exploring how accounting approaches can be used for business analysis and budgeting. Finally, it introduces capital budgeting investment decisions and how firms are financed and manage their working capital.
The study programme will involve a combination of lectures, where accounting and finance principles and concepts are introduced, often illustrated with real-world examples, and tutorials where students have the opportunity to explore these in greater depth.
- Measuring and reporting financial position
- Measuring and reporting financial performance
- Measuring and reporting cash flows
- Annual reports of limited liability entities
- Analysing and interpreting financial statements
- Financing a business
- Managing working capital
- Cost structure and cost-volume-profit analysis
- Making capital investment decisions
Lectures will introduce each new topic and slides for the following week will be available on Learn. The tutorials supplement the material covered in lectures. These consist of groups of around 14 students, who meet weekly with a tutor. The tutorials can involve exercises which develop your computational skills, and seminars, in which you will discuss and debate relevant reading material and case studies which may involve role play discussion. The tutor is an important link with the class work. He/she is there to help you in your learning. Working through practical exercises is an essential part of learning accounting. Certain lectures are structured as workshop sessions where the class will be involved in solving a series of practical exercises.
Information for Visiting Students
|High Demand Course?
Course Delivery Information
|Academic year 2020/21, Available to all students (SV1)
|Learning and Teaching activities (Further Info)
Lecture Hours 30,
Seminar/Tutorial Hours 9,
Feedback/Feedforward Hours 2,
Summative Assessment Hours 2,
Revision Session Hours 1,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
|Assessment (Further Info)
|Additional Information (Assessment)
||Weekly questions (best 5 of 8 to count) 20%
Individual short report (400 words) 10%
Examination (mix of multiple choice questions, practical and short answer questions) 70%
||During the course a range of informal methods of providing assessment feedback to students will be used. This type of work will not contribute to your mark for the course but is designed to help you assess your progress and allow you to take action as necessary. Examples of these modes of assessment include::
- self-assessment by working through examples and comparing answers with solutions
- tutorial assignments, tutor feedback and comparing answers with solutions
- online multiple choice end of chapter revision tests
- progress tests/quizzes conducted during tutorials
- practising the sample exam questions and comparing with the solutions
Students are expected to be self-motivated to make the most effective use of these informal assessment tools.
Generic feedback on your coursework, together with individual marks, will be available on Learn 15 working days from the submission date.
Your examination marks will be posted on Learn (together with generic feedback and examination statistics) as soon as possible after the Boards of Examiners' meeting (normally early-mid June). During the summer months (i.e. mid/end June - end August), you may come to the Business School Undergraduate Reception (outside Room 1.11, Business School, 29 Buccleuch Place) to look at your examination scripts. Note that you will not be able to remove any examination scripts from the UG Office as they may be required by the Board of Examiners.
||Hours & Minutes
|Main Exam Diet S1 (December)||2:00|
|Resit Exam Diet (August)||2:00|
On completion of this course, the student will be able to:
- Understand and evaluate the roles of accounting information and financial management in helping managers make decisions in organisations
- Discuss how budgets and cost accounting can promote planning, control and performance
- Review financial statements and evaluate the performance of a firm's operations and capital
- Relate accounting to the broader context of the strategic and operational considerations of the firm
- Apply analytical skills in solving defined problems
|Financial and Management Accounting An Introduction 8th Edition Pauline Weetman Apr 2019, Paperback, 872 pages ISBN13: 9781292244419 ISBN10: 1292244410|
|Graduate Attributes and Skills
To develop the following key skills:
- The ability to learn:
- Analytical and Problem Solving
- Numeracy and use of IT
|Course organiser||Prof Christine Cooper
Tel: (0131 6)51 5077
|Course secretary||Miss Jen Wood
Tel: (0131 6)50 8335