Fundamentals of Financial and Management Accounting
| Code | School | Level | Credits | Semesters |
| BUSI1103 | Nottingham University Business School | 1 | 20 | Full Year Malaysia |
- Code
- BUSI1103
- School
- Nottingham University Business School
- Level
- 1
- Credits
- 20
- Semesters
- Full Year Malaysia
Summary
Key accounting concepts.
The impact of accounting policy selection.
The recording and collating of accounting information, including double entry bookkeeping.
Preparation of financial statement from accounting data.
Cost concepts and allocation of manufacturing overheads.
Absorption and variable costing.
Cost-volume-profit analysis.
Relevant costing.
Budgeting.
Target Students
Available to Qualifying Year Business School, Applied Psychology and Mathematical Sciences students only.
Classes
- One 1-hour-30-minute seminar each week for 6 weeks
- One 2-hour lecture
- One 2-hour lecture each week for 20 weeks
Assessment
- 30% Exam 1 (1-hour): 30% Rogo in Autumn (1 hrs)
- 70% Exam 2 (2-hour): 70% Exam in Spring (2 hrs)
Assessed by end of spring semester
Educational Aims
To introduce the context and essential techniques of accounting, including double-entry bookkeeping, and to consider the uses of accounting both internally to the business (such as assisting in management decision-making) and externally (in the preparation of financial statements).Learning Outcomes
Knowledge and understanding
This module develops a knowledge and understanding of:
- The sources, uses and management of finance.
- The use of accounting and other information systems for planning, control, and decision making.
- The main current technical language and practices of accounting under IFRS. Skills in recording and summarising transactions and other economic events in the preparation of financial statements.
Intellectual skills
This module develops:
- The ability to analyse facts and circumstances to determine the cause of a problem and identifying and selecting appropriate solutions.
- Conceptual and critical thinking, analysis, synthesis and evaluation.
Professional practical skills
This module develops:
- Numeracy and quantitative skills to manipulate data, evaluate, estimate and model business problems, functions and phenomena.
Transferable (key) skills
This module develops:
- Self-management and a readiness to accept responsibility and flexibility, to be resilient, self-starting and appropriately assertive, to plan, organise and manage time.
Conveners
- Dr Jayalakshmy Ramachandran
- Dr Omair Haroon