Return to homepage Skip to navigation Skip to site search Skip to main content Skip to footer

Module Catalogue

SCQF Level: 07  

Module Code: ANF103

Credit Value: 20  

Year: 2017/8

Term: Term 2

School: Dundee Business School

Description

This module provides the student with the opportunity to understand the roles of financial and management accounting in a business environment.

Aims

The aim of this module is to introduce the student to techniques used in financial and management accounting.

Learning Outcomes

By the end of this module the student should be able to:

1.  Account for material and labour costs and understand basics of pricing, budgeting and taxation.

2.  Record financial transactions in a double-entry bookkeeping system, extract a trial balance and prepare income statement and balance sheet.

Indicative Content

1 Basic Financial Accounting

Double-entry bookkeeping. Internal Control: errors ¿ their prevention, detection and correction; accounting ledger systems, trial balance, suspense accounts and journals.

2 Incomplete Records

Preparation of final accounts of a limited company from incomplete records, and prepare bank reconciliation statement.

3 Accounting for Costs

Accounting for material: FIFO, LIFO, Weighted Average. Accounting for labour: labour costs, idle time, incentives and labour turnover.

4 Pricing methods and pricing decisions

Cost plus, target costing, price skimming, penetration pricing

5 Budgeting

The context of budgets. Approaches to budgeting. Interpreting and acting on budgets. Preparation of functional budgets from given data. Budgeting and performance analysis in not-for-profit organisations and the public sector

6 Taxation

The impact of taxation on companies, calculating corporation tax.

Statement on Teaching, Learning and Assessment

Class contact takes the form of interactive lectures and tutorials with students engaged in enquiry based learning for a minimum of 60% of their class time. Tutorials will engage students in enquiry based activities developing their skills in accounting and finance issues. Tutorials will be interactive and students will be encouraged to work together.

Teaching and Learning Work Loads

Total 200
Lecture 36
Tutorial/Seminar 0
Supervised Practical Activity 0
Unsupervised Practical Activity 0
Assessment 60
Independent 104

Back


Guidance notes:

Credit Value – The total value of SCQF credits for the module. 20 credits are the equivalent of 10 ECTS credits. A full-time student should normally register for 60 SCQF credits per semester.

Disclaimer: We make every effort to ensure that the information on our website is accurate but it is possible that some changes may occur prior to the academic year of entry. The modules listed in this catalogue are offered subject to availability during academic year 2017/18 , and may be subject to change for future years.

Top