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Foundation in Natural and Built Environments
Module:
Prerequisite:
Credit hours:
Instructor:
Module Synopsis
The module is aimed at developing a students understanding in the nature and purpose of accounting, the
role of accounting information in decisions-making by external user (shareholders, bankers and the like),
and basic accounting concepts. Specifically, it explores topics like accounting reports (e.g. balance sheet
and income statement), double-entry recording, trial balances, balance day adjustments, depreciation
methods, cost-benefit analysis and financial ratio analysis.
Module Teaching Objectives
The teaching objectives of the module are:
1. To understand the main theories and concepts of accounting.
2. To understand and apply the methods involved in bookkeeping, preparing accounting reports (e.g.
statement of income, statement of financial position) and making business decisions.
3. To understand and apply the methods of analyzing a business performance.
Module Learning Outcomes
Upon successful completion of the module, students will be able to:
1. Identify and explain the key accounting principles/concepts used by accountants and businesspeople.
2. Identify, explain and compare the different types of business ownership (e.g. sole trader, partnership,
company).
3. Identify and record business/financial transactions in the ledger accounts and summarize those recorded
information at the end of an accounting period.
4. Construct accounting reports (e.g. income statement, balance sheet, etc.) by using to the information in
the ledger accounts.
5. Assess the performance of a business (in terms of profitability and financial stability) by applying financial
ratio analysis.
6. Make appropriate business decisions with reference to various accounting information and tools.
Modes of Delivery
This is a 5 credit hour module conducted over a period of 18 weeks. The modes of delivery will be in the
form of lectures, tutorials, and self-directed study. The breakdown of the contact hours for the module is as
follows:
Lecture:
Tutorial:
Self-study:
2 hours/week
2 hours/week
7 hours/week
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Office Hours
You are encouraged to visit the instructor/lecturer/tutor concerned for assistance during office hours. If the
office hours do not meet your schedule, notify the instructor and set appointment times as needed.
TIMeS
TIMeS will be used as a communication tool and information portal for students to access module materials,
project briefs, assignments and announcements
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TGCs Acquired
Through Module
Learning Outcomes
1.1
3,4,5,6
1.2
1.3
Cognitive Capabilities
2.0
Lifelong Learning
2.1
Learn independently.
2.2
2.3
Be intellectually engaged.
3.0
3.1
3.2
3, 4
5, 6
Soft Skills
4.0
4.1
5.0
Communication Skills
Communicate appropriately in various setting and modes.
5, 6
Interpersonal Skills
5.1
5.2
6.0
Intrapersonal Skills
6.1
6.2
6.3
7.0
7.1
7.2
8.0
8.1
Digital Literacy
Effective use of information and communication (ICT) and related
technologies.
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sections. When two students submit papers which are very similar in tone and content, both are likely to be
penalized.
Student Participation
Your participation in the module is encouraged. You have the opportunity to participate in the following ways:
Your ideas and questions are welcomed, valued and encouraged.
Your input is sought to understand your perspectives, ideas and needs in planning subject revision.
You have opportunities to give feedback and issues will be addressed in response to that
feedback.
Student evaluation on your views and experiences about the module are actively sought and used
as an integral part of improvement in teaching and continuous improvement.
Learning
outcomes
Class Test
Individual
1, 3, 4
Assignment
Group
Final
Examination
E-Portfolio
Individual
Individual
5, 6
2, 4, 5
All
Submission Presentation
Week 7
Assessment
Weightage
20%
Week 15
30%
Exam Week
40%
Week 18
10%
TOTAL
100%
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Assessment Components
1. Assignment (Group)
The aim of this group assignment is to develop the students ability in analyzing the financial performance of
a public company over a period of time (say, 2 years). Once they have completed the analysis, the students
have to provide a verdict regarding the soundness of the business (in both profitability and financial stability
terms).
2. Class Test - (Individual)
This mainly consists of multiple-choice, subjective as well as problem questions (where recall, analysis and
application of concepts are essential to answering the questions competently).
3. Final Exam - (Individual)
The final exam paper consists of multiple-choice, subjective as well as problem questions (where recall,
analysis and application of concepts are essential to answering the questions competently).
4. Taylors Graduate Capabilities Portfolio (Online Portfolio) (Individual)
Each student is to develop an e-Portfolio, a web-based portfolio in the form of a personal academic blog.
The e-Portfolio is developed progressively for all modules taken throughout Semesters 1 and 2, and MUST
PASS THIS COMPONENT. The portfolio must encapsulate the acquisition of Module Learning Outcome,
Programme Learning Outcomes and Taylors Graduate Capabilities, and showcases the distinctiveness and
identity of the student as a graduate of the programme. Submission of the E-Portfolio is COMPULSARY.
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Marks
Grade
Points
Definition
Description
80 100
4.00
Excellent
A-
75 79
3.67
Very Good
B+
70 74
3.33
65 69
3.00
B-
60 64
2.67
C+
55 59
2.33
50 54
2.00
D+
47 49
1.67
44 46
1.33
D-
40 43
1.00
Good
Pass
Marginal
Fail
0 39
0.00
Fail
WD
Withdrawn
F(W)
0.00
Fail
IN
Incomplete
Pass
AU
Audit
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Topic
Week 4
6
Class Test
Week 6
Week 5
Blended
Learning
Week 3
Tutorial
Hour
Week 2
Lecture
Hour
Week 7
Class Test
Week 8
Week 9
Week 10
Week 14
Week 13
Week 12
Overview
Week 11
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Week 15
Submission of Assignment
Week 16
Break-Even Analysis
Other Business Decisions
6
Digital
upload of
E-portfolio
Week 18
Week 17
Study Leave
References
Main References :
1. Frank Wood and Alan Sangster, Business Accounting, 9th Edition, Prentice Hall,
2002
2. Alan Millichamp, Foundation Accounting, 4th Edition, DP Publications Ltd, 2003.
Additional
References :
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