Modules

Core Module Information
Module title: Financial Accounting
SCQF level: 07:
SCQF credit value: 20.00
ECTS credit value: 10
Module code: ACC07102
Module leader: Sarah Borthwick Saddler
School The Business School
Subject area group: Accounting and Finance
Prerequisites

There are no pre-requisites for this module to be added
Description of module content:

In this module, you will learn about the role and purpose of the financial accounting function including accounting concepts and principles. You will also understand how to record transactions and events using double entry bookkeeping. This will then lead into you preparing a trial balance, profit and loss and balance sheet for both sole traders and partnerships. You will also learn how to conduct a bank reconciliation, prepare control accounts and also prepare financial statements where accounting records are incomplete.
Learning Outcomes for module:

Upon completion of this module you will be able to

LO1: Explain the role and purpose of the financial accounting function.

LO2: Identify and explain the key accounting concepts and principles.

LO3: Record transactions in the ledger using double entry bookkeeping.

LO4: Prepare a profit and loss account and balance sheet for an unincorporated business entity.

LO5: Prepare financial statements from incomplete records.
Full Details of Teaching and Assessment
2025/6, Trimester 1, In Person,
VIEW FULL DETAILS
Occurrence: 001
Primary mode of delivery: In Person
Location of delivery: CRAIGLOCKHAR
Partner:
Member of staff responsible for delivering module: Sarah Borthwick Saddler
Module Organiser:


Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)NESH Description
Face To Face Lecture 22 The first hour of the lecture will cover background information, accounting 'rules' and techniques relevant to the topic. The second hour of the lecture goes through worked examples, demonstrating the practical implementation of the initial lecture.
Face To Face Tutorial 22 These classes will give you the opportunity to work through exam style questions yourselves, with the tutor on hand to explain and clarify areas of confusion.
Online Guided independent study 156 You should undertake the recommended textbook reading for each lecture topic to complement the lecture and notes made. You should then attempt the tutorial questions, plus additional questions from the textbook and past class test / exam papers on Moodle. You should also attempt the weekly quiz on Moodle to test your knowledge and understanding.
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words Description
Practical Skills Assessment 50 1~2~3 Week 9 HOURS= 1hr 30mins The class test embraces different styles of questions, including multiple choice, narrative, creating T-accounts and a trial balance for a sole trader. The class test covers the first six topics in the module and will take place online.
Centrally Time Tabled Examination 50 1~2~3~4~5 Exam Period HOURS= 2 hours The centrally timetabled exam will cover financial statements of a sole trader and partnership, plus other aspects relating to bookkeeping. This is a closed book assessment held on campus.
Component 1 subtotal: 50
Component 2 subtotal: 50
Module subtotal: 100
2025/6, Trimester 1, In Person,
VIEW FULL DETAILS
Occurrence: 002
Primary mode of delivery: In Person
Location of delivery: CRAIGLOCKHAR
Partner:
Member of staff responsible for delivering module: Sarah Borthwick Saddler
Module Organiser:


Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)NESH Description
Face To Face Lecture 22 The first hour of the lecture will cover background information, accounting 'rules' and techniques relevant to the topic. The second hour of the lecture goes through worked examples, demonstrating the practical implementation of the initial lecture.
Face To Face Tutorial 22 These classes will give you the opportunity to work through exam style questions yourselves, with the tutor on hand to explain and clarify areas of confusion.
Online Guided independent study 156 You should undertake the recommended textbook reading for each lecture topic to complement the lecture and notes made. You should then attempt the tutorial questions, plus additional questions from the textbook and past class test / exam papers on Moodle. You should also attempt the weekly quiz on Moodle to test your knowledge and understanding.
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words Description
Practical Skills Assessment 50 1~2~3 Week 9 HOURS= 1hr 30mins The class test embraces different styles of questions, including multiple choice, narrative, creating T-accounts and a trial balance for a sole trader. The class test covers the first six topics in the module and will take place online.
Centrally Time Tabled Examination 50 1~2~3~4~5 Exam Period HOURS= 2 hours The centrally timetabled exam will cover financial statements of a sole trader and partnership, plus other aspects relating to bookkeeping. This is a closed book assessment held on campus.
Component 1 subtotal: 50
Component 2 subtotal: 50
Module subtotal: 100

Indicative References and Reading List - URL:
Financial Accounting
 

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