Fundamentals of Financial & Management Accounting
| Code | School | Level | Credits | Semesters |
| BUSI1113 | Nottingham University Business School China | 1 | 20 | Full year China |
- Code
- BUSI1113
- School
- Nottingham University Business School China
- Level
- 1
- Credits
- 20
- Semesters
- Full year China
Summary
Anti-Requisite
BUSI1113 Fundamentals of Financial & Management Accounting should not be taken by students who have taken BUSI1122 Introduction to Accounting.
This module contains:
- 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.
Re-assessment format is decided by the school.
Target Students
Compulsory for FAM/ IBM Qualifying Year students. Optional for IBE Qualifying Year students. Optional for IBC/ IBL Part I students.
Classes
- One 1-hour-30-minute seminar each week for 6 weeks
- Two 1-hour lectures each week for 22 weeks
Assessment
- 50% Exam AUT (1-hour-30-minute): One 1.5hr examination assessed by end of autumn semester (50%)
- 50% Exam SPR (1-hour-30-minute): One 1.5hr examination assessed by end of spring semester (50%)
Assessed in both autumn & spring semest
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.
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
- Mr Andrew EDWARDS