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DRPS : Course Catalogue : Business School : Accounting

Undergraduate Course: Accountancy 1B (ACCN08008)

Course Outline
SchoolBusiness School CollegeCollege of Arts, Humanities and Social Sciences
Credit level (Normal year taken)SCQF Level 8 (Year 1 Undergraduate) AvailabilityNot available to visiting students
SCQF Credits20 ECTS Credits10
SummaryThe course will give course participants an understanding of the internal management accounting systems and processes used by businesses in the planning, costing, controlling, and decision making activities, in order to achieve the overall aims and objectives of the business. Key accounting tools used in these areas will be examined, and having completed the course participants will be able to apply the principles of these techniques to solve problems and answer questions faced by management regarding its financial operations.
Course description Accountancy 1B looks at the area of Management Accounting, and uses the knowledge gained in the Accountancy 1A (Financial Accounting) course as a foundation for the study of the topics covered here. This course looks at preparing accounting information which will be primarily only be seen by users within the business, and it has a forward looking focus to the information being prepared. Course participants will apply the principles of accounting techniques to solve problems and answer questions faced by management regarding the financial operation of the business, and to plan for the future operations.

The course is valuable for both those who intend to follow a professional career in the accountancy field, as well as those who propose to have a career in business more generally.

Outline Content

- The budgeting process and its importance for a business or organization

- The role of costing and the terminology and processes used in this area

- The use of break-even analysis in making decisions for a business

- Full costing and its use in the costing of services and products and its role in setting prices.

- Standard costing and variance analysis

- Capital investment decisions

- Principles of Pricing

- Crises of Accounting and environmental and social costs in cost analyses
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Students MUST have passed: Accountancy 1A (ACCN08007)
Prohibited Combinations Students MUST NOT also be taking Accounting for Business 1 (ACCN08012)
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
Finance and Business
Course Delivery Information
Academic year 2024/25, Not available to visiting students (SS1) Quota:  None
Course Start Semester 2
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 200 ( Lecture Hours 30, Seminar/Tutorial Hours 9, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 157 )
Assessment (Further Info) Written Exam 70 %, Coursework 30 %, Practical Exam 0 %
Additional Information (Assessment) 70% Written Exam (Individual) - 2 hours - Assesses all course Learning Outcomes

30% Coursework (Individual) - MCQ tests (Best 3 of 4) - Assesses all course Learning Outcomes

Feedback Formative: Feedback will be provided throughout the course.

Summative: Feedback will be provided on assessments within agreed deadlines.
Exam Information
Exam Diet Paper Name Hours & Minutes
Main Exam Diet S2 (April/May)Accountancy 1B2:00
Learning Outcomes
On completion of this course, the student will be able to:
  1. Explain the role and purpose of management accounting in a business or organization and its role in assisting managers to make key decisions in a business.
  2. Differentiate between, and prepare, various budgets used by a business and perform variance analysis to compare budgeted figures to actuals.
  3. Perform costing calculations to demonstrate the way in which this kind of analysis can be used when making short-term decisions for the business, and in the costing of products and services.
  4. Apply capital investment appraisal techniques for use determine longer term investment decisions.
  5. Apply analytical skills in solving defined problems.
Reading List
Financial and Management Accounting, An Introduction, by Pauline Weetman, 8th Edition. Publisher: Pearson.

Note: This is the same textbook as used on the Accountancy 1A course
Additional Information
Graduate Attributes and Skills Communication, ICT, and Numeracy Skills

After completing this course, students should be able to:

Convey meaning and message through a wide range of communication tools, including digital technology and social media; to understand how to use these tools to communicate in ways that sustain positive and responsible relationships.

Critically evaluate and present digital and other sources, research methods, data and information; discern their limitations, accuracy, validity, reliability and suitability; and apply responsibly in a wide variety of organisational contexts.

Knowledge and Understanding

After completing this course, students should be able to:

Demonstrate a thorough knowledge and understanding of contemporary organisational disciplines; comprehend the role of business within the contemporary world; and critically evaluate and synthesise primary
and secondary research and sources of evidence in order to make, and present, well informed and transparent organisation-related decisions, which have a positive global impact.

Identify, define and analyse theoretical and applied business and management problems, and develop approaches, informed by an understanding of appropriate quantitative and/or qualitative techniques, to explore and solve them responsibly.
Course organiserMs Deirdre Ruddy
Course secretaryMr Scott Fitzsimmons
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