Detailed Information
This module will provide students with an introduction to financial and management accounting. Among the areas covered are: the nature and purpose of accounting; the users of accounting information; preparation and interpretation of Trading, Profit and Loss Accounts, Balance Sheets; VAT,The purpose of management accounting is to provide information to assist management in making informed decisions and evaluations. Management needs to plan, control and make decisions.
On completion of this module students should be able to:
- Understand the nature and role of accounting information
- Classify users of accounting information and how each user might use this information
- Prepare Trading, Profit and Loss Accounts, Balance Sheets and Cash Flow Statements
- Demonstrate knowledge and understanding of the financial statements by being able to analyse and interpret a set of accounts
- prepare VAT return
- Understand the role of management accounting.
- Understand the importance of cost classifications
- Understand the relationships between cost volume and profit.
- Be able to do breakeven analysis
- Be able to prepare various budgets leading up to and including the cash budget
Semester 2
Level 1
Lectures: Tuesdays 15:00 - 16:00 and Thursdays 15:00 - 17:00 - Room 005, Quinn School of Business
No tutorials
Note: It is not possible to pursue this module as an Audit Student
Credit Students please take note of the dates below:
Term dates for revision: Saturday, 1 December - Sunday, 9 December
Term dates for exams: Monday, 10 December - Friday, 21 December
Open Learning Fee (with assessment) €500 per 5 credit module
Note: it is not possible to pursue this module as an Audit Student
Concessions
There are no concessions available for Open Learning modules.
Refunds
Refunds may in some instances be available for extenuating circumstances, such as serious illness, within two weeks of the start of the module. Requests for refunds must be submitted in writing, with supporting documents where appropriate.
Clare Fay
A, E, C
A - Attendance E - Exam C - Continuous Assessment P - Participation