Module content
Introduction to the basic principles and conventions underlying the preparation of financial documents; the preparation and interpretation of the financial statements of sole traders.
The preparation of cash flow statements to distinguish the difference between cash and profit. Construct and apply cash budgets and distinguish between sources of finance.
Module outcomes
To achieve credit for this module, students must be able to:
- Explain and apply basic accounting conventions
- Prepare and interpret financial statements of sole traders
- Use cash flow statements to differentiate between cash and profit of business organisations.
- Understand ratio analysis
Assessment
| Assessment | Description | Weighting |
|---|---|---|
| Coursework | Financial statements case study | 60% |
| Coursework | Essay (1000 words) | 40% |
Assessments may differ in 2020/21 due to adjustments for Covid-19. Please check Gateway for the latest regulations.
Key texts
https://rl.talis.com/3/rau/lists/F6CE246A-BC0D-09BD-1513-4297A6092D99.html
Students should be familiar with the content of at least one of the following:
- Weetman, P. (2013) Financial and Management Accounting, (6th edition), Financial Times Press (Pearson Education).
- Dyson, J. R. (2010) Accounting for non-accounting Students. Essex: FT Prentice Hall
Supporting texts
- Atrill, P. and McLaney E. , (2013) Financial Management for Non-Specialists, (8th edition). Prentice Hall.
- Wood, F. and Sangster, A. (2012) Business Accounting, (12th edition). Financial Times - Prentice Hall.