Accounts and Economics
- Module code
- Module leader
- Michael Slark
- Module level
- Module credits
- Min study time
- 150 hours
- Contact Hrs within study time
- 40 hours
- Teaching period
- Semester 2
- Accounting principles. Profit and loss statement. Balance sheet.
- Preparation of financial documents; the preparation and interpretation of the financial statements of small businesses.
- The preparation of cash flow statements to distinguish the difference between cash and profit.
- Supply and demand; elasticities. Government intervention.
To achieve credit for this module, students must be able to:
- Demonstrate understanding and application of basic accounting conventions.
- Demonstrate basic accounting techniques. (8.1.2)
- Prepare and interpret financial statements for small businesses. Appreciate their suitability for specified farming situations. (8.1.2) (8.4.5)
- Demonstrate understanding of the basic principles of economics; apply supply and demand models to agricultural products and commodities.
|Examination||Unseen exam (1.5 hours)||30%|
Students should be familiar with the content of at least one of the following:
- Beardshaw, J. (2001). Economics: A Students Guide. (5th edition). Pitman.
- Dyson, J.R. (2001). Accounting for Non-Accounting Students. (5th edition). Pearson.