FINANCIAL ACCOUNTING IN SERVICE INDUSTRY - 2022/3
Module code: MAN1110
In light of the Covid-19 pandemic the University has revised its courses to incorporate the ‘Hybrid Learning Experience’ in a departure from previous academic years and previously published information. The University has changed the delivery (and in some cases the content) of its programmes. Further information on the general principles of hybrid learning can be found at: Hybrid learning experience | University of Surrey.
We have updated key module information regarding the pattern of assessment and overall student workload to inform student module choices. We are currently working on bringing remaining published information up to date to reflect current practice in time for the start of the academic year 2021/22.
This means that some information within the programme and module catalogue will be subject to change. Current students are invited to contact their Programme Leader or Academic Hive with any questions relating to the information available.
This module is intended to provide an introduction to accounting and finance. It is aimed at students who are not majoring in accounting or finance but who are studying introductory level accounting and finance as part of their programme in management and is particularly focused on students specialising in the Hospitality, Tourism and Events sectors.
Hospitality, Tourism & Events Management
SHI Kan (SII DUFE)
Number of Credits: 15
ECTS Credits: 7.5
Framework: FHEQ Level 4
JACs code: N800
Module cap (Maximum number of students): N/A
Overall student workload
Independent Learning Hours: 117
Lecture Hours: 22
Seminar Hours: 11
Prerequisites / Co-requisites
Indicative content includes:
• Introduction to accounting and finance – users; purpose; principal accounting structures
• The key financial statements – Statement of Cashflows; Income Statement; Statement of Financial Position
• Understanding of key additional information contained in published annual reports
• Accounting concepts and accounting adjustments
• Interpretation of Accounts
• The importance of working capital to the operations of a business
• Budgets & forecasts – types & functions
|Assessment type||Unit of assessment||Weighting|
|Online Scheduled Summative Class Test||One-hour SurreyLearn class test; multiple choice questions, closed book.||30|
|Examination Online||Two-hour ONLINE EXAM||70|
The assessment strategy is designed to provide students with the opportunity to demonstrate their understanding of both the theoretical concepts and their practical application.
Thus, the summative assessment for this module consists of:
• A 60 minutes class-test (30%) scheduled at the mid-point of the course
• A two hour closed-book final exam (70%) during the examination period
The formative dimension in this module will be handled by feedback in seminars.
Formative feedback will be given on a continuous manner during the course of the module. Numerous questions are set for completion in tutorials and additional questions given for homework.
- Understand the principal types of accounting structures including for profit; not-for-profit, sole proprietorship; partnerships and limited companies;
- Understand the relevance of financial reports and analysis;
- Know How and why data is recorded;
- Prepare and interprete financial information;
- Use financial information to make strategic, technical and operational business decisions;
Serve as a foundation for further financial studies to help them succeed in their undergraduate studies and future careers.
|001||Demonstrate an understanding of the information contained in a company's annual report||KPT|
|002||Prepare an Income statement, Statement of financial position and Cash Flow Statement||CKPT|
|003||Discuss the benefits and limitations of key financial statements||CKPT|
|004||Interpret Financial Statements using ratios||CKPT|
|005||Demonstrate an understanding of the different types and functions of budgets and forecasts and how they relate to the business environment||CKPT|
C - Cognitive/analytical
K - Subject knowledge
T - Transferable skills
P - Professional/Practical skills
Methods of Teaching / Learning
The learning and teaching strategy is designed to:
Give students the opportunity to gain knowledge of the relevant theory and business practices and problems pertinent to the topics covered in the module, in addition to gaining the skills necessary to apply that knowledge in practice.
The learning and teaching methods include:
• Weekly 2 hour lecture to illustrate the principles and practice the application of principles
• Weekly 1 hour tutorial for application of theory utilising discussion and short and long problem solving
• Support of lecture/tutorial material by directed reading and exercises
• Surrey-Learn will be used as an information portal and will contain lecture notes, practical exercises, solutions to practical exercises, sample exam papers & model answers and relevant reading
• On-going feedback in class on an individual and group basis
Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.
Upon accessing the reading list, please search for the module using the module code: MAN1110
Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2022/3 academic year.