BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT

Name of Course / Module Fundamentals of Financial Accounting

Course Code ACC 4002

Name(s) of academic staff Mr Maheswaran Perumal

Rationale for the inclusion The rationale to include this module in the academic programme is because
of the course / module in this module is to provide a secure academic foundation in the core and
the programme closely related disciplines of accountancy and to maximize the number of
exemptions from the examinations of the professional accountancy bodies
through accreditation.
Semester and Year offered Year 1 Semester 1
Year 1 Semester 2
Total Student Learning
Time (SLT) L = Lecturer Total Guided
Self- and
T = Tutorial Face to face
Learning Independence
P = Practical Learning
O = Others L T P O 120
64
28 14 0 14

Credit Value 3
Prerequisite (if any) None

Objective The aims of the programme seek, inter alia, to provide:

1. a basis of academic learning and discipline suitable for a sound foundation

for a subsequent career as a professionally qualified accountant or for any
career in management and business administration; and

2. a qualification accredited for examination exemption purposes by the

Chartered Institute of Management Accounts [CIMA] Association of
Chartered Certified Accountants (ACCA) and the Association of
International Accountants [AIA].

This module delivers against these [and the other aims stated in the
Programme Specification] by seeking to develop independent learning and
development in the students through the use of a reflective portfolio and
action planning.

Transferable and technical skill developments are an important aim of the

programmes and the module. To achieve part of this course aim students are
taught part of the module material on the latest commercial accounting
packages. Using these packages, they are developing the theoretical and
employability skills required in industry.

This module, together with the level 5 module Financial Reporting, and the
level 6 module Advanced Financial Reporting, provides a strong basis for
further study and should equip students with up-to-date knowledge of use in
employment.

In line with the University and Faculty goal of engaging closely with the
professional bodies, the module specification seeks to meet the
ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE
BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT
Course Learning
Outcomes (CLO)
Transferable Skills:
Skills and how they are
developed and assessed,
Project and practical
experience and Internship
Teaching-learning and
assessment strategy
Synopsis
Mode of Delivery
Assessment Methods and
Types
ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE
accreditation requirements [for examination exemption purposes] of the
Association of Chartered Certified Accountants, Association of Chartered
Certified Accountants, the Chartered Institute of Management Accountants
and the Association of International Accountants.
Upon the completion of this module, students should be able to:
 Explain and apply the essential principles of accounting theory.
 Prepare financial statements for different organisations from
accounting data.
 Analyse the performance and current financial position of an
organisation using cash flow and ratio analysis.
 Use accounting software to process transactions and produce
standard financial statements.
Formative assessments are those interim assessment opportunities whereby
students can gain an enhanced understanding of how well they are
progressing with their learning; such opportunities may include some tests
being offered for the purposes of generating some feedback. Any mark
generated through formative assessment is for feedback purposes only and
will not contribute to the overall module grade. Formative assessments also
allow tutors to focus on the needs of the student group. Each week, students
will be given questions to attempt and feedback will be given on these
questions at the commencement of the next session. In addition, a number
of mini case studies will be set during the course of the module.
Lectures and interactive materials on the module will introduce and explain
the core concepts. Development and application of the concepts will occur
in workshop sessions. The use and application of the commercial accounting
software will be delivered through computer lab workshops. Students will be
expected to carry out directed further reading, complete additional
exercises to enhance and consolidate their learning. To encourage
independent study students, work through a case study in workshops using
Sage accounting software. The assessment of this coursework includes a time
constrained hands on test.
The programme philosophy is to provide a secure academic foundation in
the core and closely related disciplines of accountancy and to maximise the
number of exemptions from the examinations of the professional
accountancy bodies, through accreditation.
This module is consistent with this philosophy since this module is the
foundation module for the study of accountancy on these programmes.
Hence, it seeks to provide students with the necessary foundation knowledge
and technical skills for them to be able to develop further their theoretical
knowledge in the subject at later stages in the programmes.
The module will be delivered through a combination of lectures/workshops
and computer lab work.
To facilitate study, students will be provided with a programme of lectures,
seminar materials and self- assessment questions.
To develop independent learning through self-directed study and workshops.
Students are required to undertake a case study using an accounting
software package.
Assessment Component Distribution of Marks
Sage coursework 35%
Written examination 65%
TOTAL 100%
BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT
Mapping of the course / This course is one of the core major courses that provide students with the
module to the Programme prerequisite knowledge and skills to communicate by using visual elements,
Learning Outcome (PLO) images and typography

Note: 1 = Low Correlation, 2 = Medium Correlation, 3 = High Correlation

PLO PLO PLO PLO PLO

1 2 3 4 5
CLO 1 M L M M L

CLO 2 M M H H M

CLO 3 L M M M H

CLO 4 M L M H H

Programme Learning Outcome (PLO):

 Prepare and analyse financial and management accounts,
statements and reports and give appropriate advice
 Demonstrate an understanding of the constraints on accountants
and managers imposed by economic and legal factors
 Prepare tax computations and give advice on personal and
corporate tax issues.
 Apply financial management theory and techniques and give
appropriate advice on financing, investment and distribution
 Apply the principles of internal and external auditing in relation to
financial review, control, accountability and assurance

Mapping of the course /

module to the Programme
SOCIAL SKILLS, TEAMWORK

Outcomes (PO)
THINKING AND SCIENTIFIC

COMMUNICATION SKILLS

ENTERPRENEURIAL SKILLS
VALUES, ETHICS, MORAL
AND PROFESSIONALISM

LIFELONG LEARNING
MANAGEMENT AND
AND RESPONSIBILITY

MANAGERIAL AND
PRACTICAL SKILLS

INFORMATION
KNOWLEDGE

SKILLS

LO1 LO2 LO3 LO4 LO5 LO6 LO7 LO8

PLO 1 H L H H L M M L

PLO 2 H M H M H M L L

PLO 3 H H L H L M M M

PLO 4 H H M H L H L L

PLO 5 H M L L H H M M

ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE

BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT
Content outline of the course / module and the SLT per topic

TOPICS L T P O SL TLT

Semester 1
Week 1 2 1 0 1 5 9
An introduction to the regulatory framework, the legislative
framework and an introduction to the conceptual framework
of accounting (The IASB Framework for the Preparation and
Presentation of Financial Statements).
Week 2 2 1 0 1 3 7
An introduction to the regulatory framework, the legislative
framework and an introduction to the conceptual framework
of accounting (The IASB Framework for the Preparation and
Presentation of Financial Statements).
Week 3 2 1 0 1 3 7
An introduction to the regulatory framework, the legislative
framework and an introduction to the conceptual framework
of accounting (The IASB Framework for the Preparation and
Presentation of Financial Statements).
Week 4 2 1 0 1 3 7
An introduction to the regulatory framework, the legislative
framework and an introduction to the conceptual framework
of accounting (The IASB Framework for the Preparation and
Presentation of Financial Statements).
Week 5 2 1 0 1 5 9
An introduction to the regulatory framework, the legislative
framework and an introduction to the conceptual framework
of accounting (The IASB Framework for the Preparation and
Presentation of Financial Statements).
Week 6 2 1 0 1 5 9
The accounting process using the double entry system of
recording of accounting data to the final preparation of
financial statements and dealing with presentation issues.
Week 7 2 1 0 1 5 9
The accounting process using the double entry system of
recording of accounting data to the final preparation of
financial statements and dealing with presentation issues.
Week 8 2 1 0 1 5 9
The accounting process using the double entry system of
recording of accounting data to the final preparation of
financial statements and dealing with presentation issues.
Week 9 2 1 0 1 5 9
The accounting process using the double entry system of
recording of accounting data to the final preparation of
financial statements and dealing with presentation issues.
Week 10 2 1 0 1 5 9
The accounting process using the double entry system of
recording of accounting data to the final preparation of
financial statements and dealing with presentation issues.
Week 11 2 1 0 1 5 9
Financial statements of limited companies including
statements of comprehensive income and income statements,
statements of changes in equity and statements of financial
position.
Week 12 2 1 0 1 5 9
Financial statements of limited companies including
statements of comprehensive income and income statements,

ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE

BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT
statements of changes in equity and statements of financial
position.
Week 13 2 1 0 1 5 9
Financial statements of limited companies including
statements of comprehensive income and income statements,
statements of changes in equity and statements of financial
position.
Week 14 2 1 0 1 5 9
Financial statements of limited companies including
statements of comprehensive income and income statements,
statements of changes in equity and statements of financial
position.
28 14 0 14 64 120

Semester 2

Week 1 2 1 0 1 5 9
Financial statements of limited companies including
statements of comprehensive income and income statements,
statements of changes in equity and statements of financial
position.
Week 2 2 1 0 1 5 9
An introduction to the analysis and interpretation of
accounting data using ratios.
Week 3 2 1 0 1 5 9
An introduction to the analysis and interpretation of
accounting data using ratios.
Week 4 2 1 0 1 5 9
An introduction to the analysis and interpretation of
accounting data using ratios.
Week 5 2 1 0 1 5 9
An introduction to the analysis and interpretation of
accounting data using ratios.
Week 6 2 1 0 1 3 7
An introduction to the analysis and interpretation of
accounting data using ratios.
Week 7 2 1 0 1 3 7
An introduction to the analysis and interpretation of
accounting data using ratios.
Week 8 2 1 0 1 3 7
Application and appraisal of Sage accounting software.
Week 9 2 1 0 1 5 9
Application and appraisal of Sage accounting software.
Week 10 2 1 0 1 5 9
Application and appraisal of Sage accounting software.
Week 11 2 1 0 1 5 9
Application and appraisal of Sage accounting software.
Week 12 2 1 0 1 5 9
Application and appraisal of Sage accounting software.
Week 13 2 1 0 1 5 9
Application and appraisal of Sage accounting software.
Week 14 2 1 0 1 5 9
Application and appraisal of Sage accounting software.
28 14 0 14 64 120

Main References  Britton & Waterston., 2010 Financial Accounting, FT Prentice Hall.
 IASB, 2009, International Financial Reporting Standards – Framework
for the Preparation and Presentation of Financial Statements.
Additional References  Benedict & B. Elliott., 2011 Financial Accounting An Introduction, FT
Prentice Hall.
ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE
BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT
 Gowthorpe., 2011 Business Accounting & Finance, South-Western
Cengage Learning.
Others CCH: Accounting Standards and GAAP
http://library.bcu.ac.uk/frameEgateways.htm - click on CCH Online

ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE