Economics

Introduction to Accounting and Finance

Module code: L1108
Level 4
15 credits in summer teaching
Teaching method: Lecture, Workshop, Seminar
Assessment modes: Coursework

Employer Audience This module provides a comprehensive overview of accounting and finance. The module gradually introduces fundamental principles and concepts and it demonstrates how financial information can enhance business decision-making. Apprentices will explore data visualization techniques for accounting and financial data, enabling effective interpretation across industries. Emphasizing handson practice, the module equips apprentices to confidently address industry challenges through datadriven decision-making in the digital age. Focusing on apprentices as decision-makers and financial information users, the module encourages critical analysis of a business's financial position to identify growth opportunities and mitigate risks. Apprentices will learn to develop business cases for digital solutions using tools like Excel, Moody's Analytics, Fame, Bloomberg and Orbis. From this module, employers can expect to recruit individuals who can: • Improve financial and accounting performance. • Enhance decision-making processes based on analysing financial and business data • Manage financial risks effectively. • Contribute to strategic financial planning in the context of digital business cases usage Apprentice Audience This module is designed to equip apprentices with essential financial and accounting skills for success in industries undergoing digital transformation. By understanding and interpreting financial data, apprentices will make informed decisions driving business growth through digital technology implementation. Key benefits for apprentices include: • Developing a basic understanding of an organization's financial position and performance using appropriate analytical tools and procedures. • Identifying trends and patterns in financial data through data visualization and interpretation techniques (Excel). • Applying different accounting standards and methods to real-world business challenges. • Utilizing industry-standard tools and databases (Bloomberg, Orbis, and Fame) for financial performance and risk analysis. • Contributing to effective business strategies based on financial and budget analysis. This module provides a solid foundation for apprentices to build upon their skills and knowledge, preparing them for future roles in data analysis, finance, and technology. Importance of the Mode of Learning Hands-on practice is essential for mastering this module's content. Apprentices will engage in numerous exercises to solidify their understanding. The learning journey combines informative lectures with interactive workshops to deepen knowledge, practice skills, and foster a supportive learning environment. Assessments include MCQ, reflective logs, report and group presentation.

Module learning outcomes

  • Develop strategic plans for business operations, using relevant digital tools and accounting data.
  • Assess the risks and benefits of business operations or proposals, utilising digital technology and accounting data.
  • Explain financing options for projects or businesses, incorporating digital financial tools.
  • Communicate business cases effectively, supported by digital technology and accounting information, working in teams and individually.