BMM4133 - Principles of Accounting and Finance

Objectives:

Assessment tasks are designed to enable students to demonstrate the Learning and Employability outcomes for the relevant level of study. Level Learning Outcomes are embedded in the assessment task(s) at that level. This enables a more integrated view of overall student performance at each level.

Content:

- Introduction to Accounting: the uses and users of financial and management accounting and an outline of the regulatory system. The changing face of accounting.
- Measuring and reporting financial position, financial performance analysis and reporting cash flows. Analysing and interpreting financial statements using key financial ratios.
- The relevance and behaviour of costs, full costing and budgeting. Absorption (full) cost and marginal cost-based pricing methods.
- Budgetary basis and budgetary variance analysis and reporting (BVA).
- Introduction to Finance, financial markets and financial institutions.
- Financing a business, making capital investment decisions and managing working capital.
- Fintech, digital finance, payment system and alternative finance.

In addition to module subject content there will be a focus on accounting and financial skills development and application of theory, including problem identification and problem solving, pair work, group work and discussion, financial analysis, consequence chain analysis, pathway identification and evaluation, target setting and formation of objectives, measurement of performance, assessment of viability and action planning.

Learning and Teaching Information:

Lectures
Hours: 20
Intended Group Size: All cohort

Workshops
Hours: 20
Intended Group Size: 20

Tutorials
Hours: 10
Intended Group Size: 10

Guided independent study
Hours: 250

Further details relating to assessment
Formative assessment is built into the module through the use of pre-prepared workshop materials, led by students, which allow for the application of principles of accounting and finance. As workshops topics are based on examination themes, these workshops also allow students to reflect on and consolidate (as well as apply) module content whilst developing confidence and competence in required exam subject material. Tutorials allow for the discussion of exam technique and the development of a mark scheme, by students, based on a recent past paper. A full trial examination is scheduled for week 10.

The use of a terminal unseen closed book examination to cover K1-4 is a requirement of ACCA accreditation of the BA Accounting and Business programme.

The terminal unseen exam will be marked against a specific marking scheme which will incorporate;

- Arithmetical accuracy and supporting analysis
- Interpretation and use of case study material to inform and support your answers
- Correct use and application of accounting terminology, accounting concepts and assumptions
- The relevance of your answer to the question
- The structure and development of analysis and evaluation
- The standard of written presentation – including spelling, grammar, and syntax.
Full details of the assessment are contained within the Module Handbook.

Assessment:

001 Unseen closed book exam; 3 hours; end of semester 1 100%

Fact File

Module Coordinator - Hammed Afolabi
Level - 4
Credit Value - 30
Pre-Requisites - NONE
Semester(s) Offered - 4S1

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