CARDIFF UNIVERSITY 
BS1503 - Introduction to Accounting 
Final Examination Guide and Notes 2024 
 
Part 01. Revision Notes 
Part 02. Sample Final Examination Paper 
Part 03. Suggested Solutions to Final Exam Paper 
Part 04. Final Examination - Hints and Tips 
 
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BS1503: Introduction to Accounting (Solutions) - Cardiff University

£35.00

ACADEMIC YEAR 2023 - 2024

University	Cardiff University
Study Level	Undergraduate
Module Code	BS1503
Module Name	Introduction to Accounting
Notes Title	Final Examination Guide and Notes
Page Length	81

The BS1503: Introduction to Accounting, Cardiff University - Final Examination Guide and Notes 2023 provides students with a unique summarised version of the core information contained in the full course, and the essentials you need in order to fully comprehend and apply. These features have been specifically designed to help you apply your knowledge in exams. You do not need to be an expert in the module, you just need a basic understanding, and be able to quickly recall the information that you learn. You can use these notes as a reference, to understand the topics better and improve your grades in the final exam.

The aim of this module - Introduction to Accounting (BS1503) is to provide non-specialist accounting students with an introduction to financial accounting, management accounting and financial management.

On completion of the module, you will be able to:

appreciate the purpose of accounting and its utility to user groups;
understand how to record business transactions;
outline the accounting concepts and conventions governing the preparation of accounts for sole traders, partnerships and limited companies;
recognise the need for control in the accounting system of a simple business organisation;
show an awareness of techniques available to interpret financial statements and appreciate their utility and limitations;
discuss the basic methods of finance available to business entities;
understand the role, utility and limitations of the cash flow statement;
outline the nature and role of management accounting in simple business organisations;
identify basic cost types and understand cost behaviour and its relevance in the decision-making process of a simple business organisation;
recognise the importance of product costing to a business entity;
show an awareness of the budgeting process for an entity;
and, understand a range of management accounting techniques used to support the decision-making activities of an organisation.

MODULE CODE	MODULE NAME
BS1501	Applied Stats and Maths in Econ and Business
BS1503	Introduction to Accounting
BS1512	Foundations of Business Accounting
BS1547	Introduction to Economics
BS1551	Microeconomics
BS1611	Fundamentals of Financial Reporting
BS1612	Fundamentals of Finance
BS1630	Principles of Marketing and Strategy
BS1652	Macroeconomics
BS2507	Management Accounting
BS2508	Corporate Financial Management
BS2514	Financial Markets and Institutions
BS2516	Corporate Reporting
BS2549	Macroeconomic Theory
BS2550	Microeconomic Theory
BS2551	Money Banking and Finance
BS2570	Introductory Econometrics
BS3515	Financial Derivatives
BS3551	Econometrics
BS3615	Security Analysis and Portfolio Management

BS1503: Introduction to Accounting (Solutions) - Cardiff University

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