Module Details

Module Code: ACCT6013
Title: Intro to Accounting
Long Title: Intro to Accounting
NFQ Level: Fundamental
Valid From: Semester 1 - 2017/18 ( September 2017 )
Duration: 1 Semester
Credits: 5
Field of Study: 3440 - Accounting, Auditing and Accountability
Module Delivered in: 2 programme(s)
Module Description: Introduction to the concepts and principles involved in preparing accounts.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Outline and define the basic concepts and principles of accounting.
LO2 Record financial transactions using double entry accounting.
LO3 Prepare year end financial statements (with adjustments) for sole traders.
LO4 Complete bank reconciliation statements with accuracy.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named MTU module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements

This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.
No requirements listed
 
Indicative Content
Introduction to accounting
Terminology, users, accounting concepts and principles, the accounting equation
Accounting systems
Double entry accounting, balancing accounts and trial balance
Financial statements and year end adjustments
Bad debts, depreciation, prepayments and accruals and the preparation of final accounts.
Bank
Bank reconciliation statements
Module Content & Assessment
Assessment Breakdown%
Coursework40.00%
End of Module Formal Examination60.00%

Assessments

Coursework
Assessment Type Short Answer Questions % of Total Mark 20
Timing Week 5 Learning Outcomes 1,2
Assessment Description
SAQ Exam
Assessment Type Short Answer Questions % of Total Mark 20
Timing Week 10 Learning Outcomes 3,4
Assessment Description
SAQ Exam
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 60
Timing End-of-Semester Learning Outcomes 1,2,3,4
Assessment Description
End-of-Semester Final Examination
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

The University reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Formal lecture Every Week 3.00 3
Tutorial Contact Discussion based setting Every Week 1.00 1
Independent & Directed Learning (Non-contact) Non Contact Accounting questions Every Week 3.00 3
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 4.00
Workload: Part Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Formal lecture Every Week 3.00 3
Tutorial Contact Discussion based setting Every Week 1.00 1
Independent & Directed Learning (Non-contact) Non Contact Accounting questions Every Week 3.00 3
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 4.00
 
Module Resources
Recommended Book Resources
  • Frank Wood and Alan Sangster. (2015), Frank Wood's business accounting 1, 13th.. Financial Times/Prentice Hall, New York, [ISBN: 0-273-68149-4].
This module does not have any article/paper resources
This module does not have any other resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BSPRT_8 Bachelor of Business (Honours) in Sport & Exercise Management 1 Mandatory
CR_BRECL_7 Bachelor of Business in Recreation and Leisure Management 1 Mandatory