Module Catalogues, Xi'an Jiaotong-Liverpool University   
 
Module Code: ACC105
Module Title: Introduction to Financial Accounting and Accountability
Module Level: Level 1
Module Credits: 5.00
Academic Year: 2021/22
Semester: SEM1
Originating Department: Department of Accounting
Pre-requisites: N/A
   
Aims
The aim of this module is to

1. provide students with an understanding of the basic principles of financial accounting.

2. teach students about the structure and content of the key financial statements of business organisations and the basic techniques for preparing such statements.

3. teach students an understanding of the fundamentals of the regulatory structure surrounding financial statements, who the main users of such financial statements are, and the main uses to which financial accounting information is put by users.

4. teach students the nature of accountability and its relevance to financial statements and their main users.

Learning outcomes 
A. Demonstrate an understanding of the structure and contents of the key financial statements of business organisations.

B. Articulate the basic principles of financial accounting.

C. Prepare basic financial statements of business organisations.

D. Demonstrate an understanding of the fundamentals of the regulatory structure surrounding the statements.

E. Demonstrate an understanding of who are the main users of financial statements and of the main uses to which financial accounting information is put by users.

F. Demonstrate an understanding of the nature of accountability and its relevance to financial statements and their main users.

G. Understand the relevance of financial accounting and accountability to students of
business-related subjects who are non-accounting specialists.



Method of teaching and learning 
This module will be taught by using a combination of lectures and tutorials. Lectures will cover accounting principles and the preparation and the analysis of financial statements. Tutorials will be used to reinforce practical application through examples and discussion. Interactive Communications Environment (ICE), XJTLU's virtual learning environment, will be used to distribute lecture materials and relevant contemporary and academic articles.
Syllabus 
1 Introduction to the module; introduction to accounting.


2 Measuring and reporting financial position.


3 Measuring and reporting financial performance.


4 Accounting for limited companies.


5 Measuring and reporting cash flows.


6 Analysing and interpreting financial statements.


7 Reporting the financial results of groups of companies.


8 Reporting additional measures of performance.


9 International Accounting Standards.

Delivery Hours  
Lectures Seminars Tutorials Lab/Prcaticals Fieldwork / Placement Other(Private study) Total
Hours/Semester 26    12      112  150 

Assessment

Sequence Method % of Final Mark
1 Review Exercises 10.00
2 Mid-Term Exam 15.00
3 Final Exam 75.00

Module Catalogue generated from SITS CUT-OFF: 12/2/2020 5:01:47 AM