For a business to properly function, effective methods of communication among owners, managers and investors are essential. Accounting fills the need for a common language of business, and this module provides an introduction to its basic concepts, methods and practices of financial accounting. Knowledge of the underlying fundamental reporting concepts, in addition to its procedures, is an essential element in the education of future managers and other professionals.Upon completion of the course, students will be able to better understand:The regulation of financial reportingThe fundamental concepts of accounting, and the various accounting conventions that apply these concepts:The uses to which accounting information may be putDifferent types of accounting entityThe generation of the data recorded in accounting systemsThe recording of basic transactions within the accounting systemThe periodic measurement of profit (income) by businessesThe preparation of annual financial statements (statement of financial position, income statement, statement of cash flows) for simple businessesThe various elements of financial statements: assets, liabilities and capitalMeasures of profitability and liquidity, including cash flow statementsBasic issues relating to the accounting statements of groups of companies.Key textP. Atrill & E. McLaney, Financial Accounting for Decision Makers (7th ed. Pearson 2013)

Course leader
Professor Kevin McMeeking

Target group
Undergraduate students with a GPA of 3.0 or above; postgraduate students with an interest in the subject are also welcome.

Course aim
To introduce students to the concepts, methods and practices of financial accounting

Fee info
GBP 2445: Programme fees include tuition, accommodation, meals and a social programme including a weekend in London, events on campus and day trips to Bath and St Ives.

Scholarships
We offer a number of partial scholarships.

University of Exeter
Address: International Office, Laver Building, North Park Road Exeter
Postal code: EX4 4QE
City: Exeter
Country: United Kingdom
Website: http://www.exeter.ac.uk/international/summerschool/
E-mail: iss@exeter.ac.uk
Phone: +44 (0)1392 722148