| CODE | ACC1721 | |||||||||
| TITLE | Financial Accounting and Control 1 | |||||||||
| UM LEVEL | 01 - Year 1 in Modular Undergraduate Course | |||||||||
| MQF LEVEL | Not Applicable | |||||||||
| ECTS CREDITS | 4 | |||||||||
| DEPARTMENT | Accountancy | |||||||||
| DESCRIPTION | This study-unit provides students with an introduction to the realm of financial accounting covering the following topics: 1. Objectives and scope of Financial Accounting. 2. The identification of business transactions and their recording in the books of prime entry, with eventual posting into the ledgers. 3. Extraction of the trial balance. 4. Bank Reconciliation Statements. 5. Preparation of final accounts of sole traders and companies. 6. Control Accounts. 7. Incomplete Records and Single-Entry Book-keeping. 8. Accounting from cash records and preparation of accounts for Not-for-Profit Organisations. 9. The Statement of Cash Flows. 10. Interpretation of Accounts. 11. The Annual Report and Published Accounting Information. Study-unit Aims: The aim is to provide students with the necessary analytical skills to interpret a set of financial statements. Learning Outcomes: 1. Knowledge & Understanding: By the end of the study-unit the student will be able to acknowledge what a complete set of financial statements entail. 2. Skills: By the end of the study-unit the student will be able to analyse a complete set of financial statements and interpret them thereof. Main Text/s and any supplementary readings: Financial Accounting by Michael Jones - Wiley Publishers. ISBN 978-0-470-05898-5. Introduction to Accounting 3rd Edition by Pru Marriott, JR Edwards & HJ Mellett - SAGE Publications. ISBN 0-7619-7038 X. Accounting for Non-Accounting Students 6th Edition by JR Dyson - FT Prentice Hall. ISBN 0-273-64683-4. Management, 8th Edition by Schermerhorn, J.R. - Wiley. |
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| STUDY-UNIT TYPE | Lecture and Tutorial | |||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Ivan Paul Grixti |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2023/4. It may be subject to change in subsequent years. |
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