Introduction to Accounting and Finance
Essex Business School
Undergraduate: Level 4
Monday 13 January 2020
Friday 20 March 2020
13 August 2019
Requisites for this module
BBA N100 Business Administration,
BBA N103 Business Administration (Including Placement Year),
BBA N104 Business Administration (Including Foundation Year),
BBA N104CO Business Administration (Including Foundation Year),
BBA N110 Business Administration (Including Year Abroad),
BSC N120 International Business and Entrepreneurship,
BSC N121 International Business and Entrepreneurship (Including Year Abroad),
BSC N123 International Business and Entrepreneurship (Including Placement Year),
BSC N124 International Business and Entrepreneurship (Including Foundation Year),
BSC N124CO International Business and Entrepreneurship (Including Foundation Year),
BSC N501 Marketing,
BSC N502 Marketing (Including Year Abroad),
BSC N504 Marketing (Including Placement Year),
BSC N505 Marketing (Including Foundation Year),
BSC N505CO Marketing (Including Foundation Year),
BSC N832 Tourism Management,
BSC N833 Tourism Management (Including Year Abroad),
BSC N834 Tourism Management (Including Placement Year),
BSC N835 Tourism Management (Including Foundation Year),
BSC N835CO Tourism Management (Including Foundation Year)
This module introduces students to the role of accounting and finance in business, with a focus on companies. The module examines the principles of financial and management accounting; the recording of transactions; the preparation of financial statements and their analysis; the principles of cost accumulation and decision making in businesses; techniques of cost control; the management of working capital; the sources of funding and investment appraisal. The module will draw upon the financial and management accounting literature, use key theoretical concepts and problem-solving exercises to build an understanding and appreciation of accounting and financial management for firms.
The main aim of the module is to introduce students to the various traditions, concepts and techniques in accounting and financial management, and their role in decision-making in business. Further, the module aims to enable students to develop a critical understanding of these concepts and methods in practice in the context of both small and large firms.
On successful completion of this module, students should be able to:
1. Demonstrate an understanding of the objectives, functions, importance and limitations of both financial and management accounting in providing useful information to the very users of accounting information for decision making.
2. Obtain knowledge and understanding of the main current technical language and practices of financial accounting; to develop an ability to critically evaluate arguments and evidence; ability to manipulate financial data and prepare a set of financial statements;
3. Explore the role and limitations of accounting information and financial reporting in providing useful information to decision-makers;
4. Demonstrate a good understanding of, and ability to analyse a set of financial statements and explain the limitations in their techniques of analysis;
5. Demonstrate an appreciation of areas which are fundamental to the development of principles of management accounting, understanding of some of the contexts in which management accounting operates and the concepts which underpin management accounting.
6. Obtain knowledge and understanding of the main current technical language and practices of management accounting; to develop an ability to critically evaluate arguments and evidence; ability to manipulate financial data and;
7. Prepare a set of financial statements for internal management purposes.
No additional information available.
A combination of:
- Lectures; Seminars; Discussion of case studies; Class exercises
- Self-learning via Individual work outside the classroom
The lectures will be developed around the key concepts as mentioned in the indicative module content and will use a range of live examples and cases from business practice to demonstrate the application of theoretical concepts. The lectures will follow a weekly format of 2 hours per week for 10 weeks in two terms.
Seminars in the form of class exercises will be built into the lectures to develop critical analytical and problem solving skills. Seminars will use a range of activities, such as discussion of case studies from the core text, topical business news items and will involve students working in pairs or groups or individually to discuss, reflect on problems and answer questions, present their ideas and thoughts to the class for discussion. Seminars will take place during class time at the lecturer's discretion – i.e. some classes will warrant a full two-hour lecture.
- Atrill, Peter; McLaney, E. J. (2019) Accounting and finance for non-specialists, Harlow, England: Pearson.
The above list is indicative of the essential reading for the course. The library makes provision for all reading list items, with digital provision where possible, and these resources are shared between students. Further reading can be obtained from this module's reading list.
Assessment items, weightings and deadlines
|Coursework / exam
||Online Class Test (SP) (Week 25)
||120 minutes during Summer (Main Period) (Main)
Module supervisor and teaching staff
Dr Dila Agrizzi
No external examiner information available for this module.
Available via Moodle
Of 30 hours, 4 (13.3%) hours available to students:
26 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).
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