Financial Accounting I - AC300

Location Term Level Credits (ECTS) Current Convenor 2019-20
Canterbury Autumn and Spring
View Timetable
4 30 (15) MR G Afrifa




- May not be taken with CB369 Financial Accounting, Reporting and Analysis
- Not available as a 'wild' module
- Available to short-term/exchange students'



This is an introductory module to introduce students to the role and evolution of accounting
Topics to be covered may include: single entry accounting; double entry bookkeeping; financial reporting conventions; recording transactions and adjusting entries; principal financial statements; institutional requirements; auditing; monetary items; purchases and sales; bad and doubtful debts; inventory valuation; non-current assets and depreciation methods; liabilities; sole traders and clubs, partnerships, companies; capital structures; cash flow statements; interpretation of accounts through ratio analysis; problems of, and alternatives to, historical cost accounting.


This module appears in:

Contact hours

Total contact hours: 65
Private study hours: 235
Total study hours: 300

Method of assessment

Main assessment methods:
Exam, 3 hours (70%)
The best two marks will be taken from the following:
Essay of 1000 words (15%)
In-course test, 45 minutes (15%)
Moodle Based Accounting Package (15%)

Reassessment method:
100% examination

Indicative reading

Benedict, A & Elliot, B (2011) Financial Accounting an Introduction (latest edition), Harlow: Prentice Hall

Thomas, A & Ward, A. (2015) Introduction to Financial Accounting (latest edition), London: McGraw Hill Education

See the library reading list for this module (Canterbury)

See the library reading list for this module (Medway)

Learning outcomes

The intended subject specific learning outcomes.
On successfully completing the module students will be able to:
- identify the professional and regulatory environments within which financial statements are prepared.
- define the conceptual framework underpinning the preparation of financial statements.
- manipulate financial data and analyse financial performance.
- record and summarise economic events through double entry bookkeeping and prepare financial statements.

The intended generic learning outcomes.
On successfully completing the module students will be able to:
- exercise independent and self-managed learning.
- use communications and information technology.
- critically evaluate arguments and evidence.
- retrieve information from a variety of sources.

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