Module Code - Title:

AC2002 - INTRODUCTION TO ACCOUNTING

Year Last Offered:

2008/9

Hours Per Week:

Lecture

2

Lab

0

Tutorial

1

Other

0

Private

7

Credits

6

Grading Type:

N

Prerequisite Modules:

Rationale and Purpose of the Module:

Syllabus:

This module introduces the financial accounting framework, accounting concepts and the balance sheet equation. Building on this knowledge, students are introduced to the preparation of an income statement and a balance sheet. To enhance students' understanding of the information content of financial statements the interpretation of financial statements (ratio analysis) is considered. Cash budgets, capital investment appraisal techniques and cost-volume-profit analysis are also introduced.

Learning Outcomes:

Cognitive (Knowledge, Understanding, Application, Analysis, Evaluation, Synthesis)

On successful completion of the module students are expected to be able to: Understand the role of accounting information in the decision making and resource allocation functions of businesses. Prepare an income statement and balance sheet for a sole trader. Analyse and interpret financial statements using ratio analysis for a limited company. Devise and understand cash budget. Apply capital investment techniques. Show how cost, volume and profit are linked

Affective (Attitudes and Values)

Appreciate the major role accounting information plays in resource allocation by corporations and the impact on society.

Psychomotor (Physical Skills)

Not applicable

How the Module will be Taught and what will be the Learning Experiences of the Students:

Research Findings Incorporated in to the Syllabus (If Relevant):

Prime Texts:

Atrill, P., and McLAney, E. (2006) Accounting and Finance for Non-Specialists , Prentice Hall

Other Relevant Texts:

Weetman, P. (2006) Financial and Management Accounting , Prentice Hall

Programme(s) in which this Module is Offered:

Semester(s) Module is Offered:

Module Leader:

colette.grey@ul.ie