Undergraduate Course: Accountancy 1B (ACCN08008)
Course Outline
| School | Business School |
College | College of Arts, Humanities and Social Sciences |
| Credit level (Normal year taken) | SCQF Level 8 (Year 1 Undergraduate) |
Availability | Not available to visiting students |
| SCQF Credits | 20 |
ECTS Credits | 10 |
| Summary | Introduction to management accounting incorporating costing, decision making and planning and control. |
| Course description |
Accountancy 1B is an introduction to the field of Management Accounting. A course which can be studied having not studied accounting before, we look at a number of accounting tools and techniques that management use internally to monitor and control the organisation. Accountancy 1B is a course which would appeal to accounting students wishing to pursue a career in 'industry', but also to non-accounting students who have ambitions to progress into management roles in careers outside of accounting. Irrespective of how you see your career developing both accountants and non-accounting managers will need to have an understanding of the tools and techniques we explore in Accountancy 1B.
The weekly course content is split with two sessions dedicated to introducing the topic and applying our understanding to a number of standalone examples. The final session of each week is reserved for our Start Up Company - Harry Potter Tours. Harry Potter Tours is a semester long case study where we continuously build on our earlier work by introducing our new knowledge we've learnt earlier in the week. For example, we start the course looking at Cost Behaviours, which is the first session of Harry Potter Tours. In the second week of the course, we look at Cost Assignment and we build on from Cost Behaviour in Harry Potter Tours by moving our calculations forward with our knowledge of Cost Assignment. As management accounting is influenced significantly by the choices and decisions managers make, it is only fitting that the direction of Harry Potter Tours is influenced by the students acting as managers. Each week there will be a number of questions which I will ask using a live polling tool called TopHat. Whatever you decide is the direction we take Harry Potter Tours. For example, in one of the earlier weeks you are asked to decide which type of accommodation we are going to offer (3*, 4* or 5*) all of these little decisions have a profound impact on how the business, from the cost, to the selling price to how we identify variances.
Syllabus
Week 1: Cost Behaviours
Week 2: Cost Assignment
Week 3: Standard Costing
Week 4: Pricing Decisions
Week 5: Capital Investment Decisions
Week 6: Budgeting
Week 7: Cost-Volume-Profit Analysis
Week 8: Job Costing
Week 9: Process Costing
Week 10: Segmental Analysis
In addition to the lecture and semester long case study, you'll also benefit from a weekly tutorial with a small group of approximately 14 students.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
Students MUST have passed:
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | The course is only open to students in the following degree programmes:
Accounting & Business
Accounting and Finance
Law and Accountancy
Economics and Accounting |
Course Delivery Information
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| Academic year 2021/22, Not available to visiting students (SS1)
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Quota: 200 |
| Course Start |
Semester 2 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
200
(
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
196 )
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| Assessment (Further Info) |
Written Exam
70 %,
Coursework
30 %,
Practical Exam
0 %
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| Additional Information (Assessment) |
The mid-semester assessment will consist of questions from the first five weeks of teaching, each student will have a unique data set and will be required to submit their answers through Learn.
70% Exam at end of Semester 2, 2 hours.
30% Individual Spreadsheet Exercise, equivalent to a 2,000-word individual assignment.
Resit assessment in August, 2 hours.
Formal assessment is based on the final examination, of two hours duration, which takes place at the end of Semester 2 during the exam diet in April/May.
The examination consists of 3 Sections: two computational and one essay based response. |
| Feedback |
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:
- in lecture feedback from Interactive Polling
- the use of self learning examples with solutions during the course
- tutorial assignments, tutor feedback and solutions
- workshop exercises drawing on past exam papers
Students are expected to be self-motivated to make the most effective use of these informal assessment tools.
Coursework marks will be published via Learn. Coursework feedback will be provided via Learn.
Exam Feedback
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. Generic feedback will be made available on Learn.
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| No Exam Information |
Learning Outcomes
On completion of this course, the student will be able to:
- Produce accounting information to help internal management identify costs, make decisions and control performance.
- Relate accounting to the broader context of the strategic and operational considerations of business.
- Apply skills of numeracy and applications of IT in solving defined problems
- Apply analytical skills in solving defined problems
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Reading List
Financial and Management Accounting
An Introduction
8th Edition
Pauline Weetman
Apr 2019, Paperback, 852 pages
ISBN13: 9781292244419
ISBN10: 1292244410
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Additional Information
| Graduate Attributes and Skills |
Generic Skills
To develop the following key skills:
- The ability to learn.
- Teamwork
- Communication
- Analytical and Problem Solving
- Numeracy and IT
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| Additional Class Delivery Information |
2 x 1 hour online sessions (Weeks 1-10)
1 x 1 hour optional helpdesk (Weeks 3-10)
1 x 1 hour compulsory tutorial (Weeks 3-10)
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| Keywords | Acc1B |
Contacts
| Course organiser | Mr Adam Finkel-Gates
Tel: (0131 6) 51 5976
Email: Adam.Finkel-Gates@ed.ac.uk |
Course secretary | Mrs Judi Robertson
Tel: (0131 6)50 3900
Email: judi.robertson@ed.ac.uk |
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