UNIVERSITY OF LEEDS 
LUBS1235: Introductory Financial Accounting 
Comprehensive Study and Exam Preparation Guide 2025 
 
Part 01: Revision Notes 
Part 02: Sample Final Examination Paper 
Part 03: Detailed Solutions and Explanations 
Part 04: Proven Exam Strategies and Tips 
 
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University of Leeds - LUBS1235: Introductory Financial Accounting

£35.00

ACADEMIC YEAR 2024 - 2025

University	University of Leeds
Module Code	LUBS1235
Credit Value	15
Module Name	Introductory Financial Accounting
Notes Title	Comprehensive Study and Exam Prep. Guide
Page Length	81

This guide provides a comprehensive summary of the key concepts covered in LUBS1235: Introductory Financial Accounting at the University of Leeds. It focuses on the essential information you need to understand and apply the course content effectively, helping you build a strong foundation in financial accounting. The features included are specifically designed to support your exam preparation by making it easier to apply what you've learned. You don’t need to be an expert in the module - just have a basic understanding and be able to recall key points quickly. Use these notes to deepen your knowledge and do well in the final exam.

LUBS1235: Introductory Financial Accounting is designed for students who are not specialising in accounting. It introduces the fundamental concepts of financial accounting and the interpretation of financial statements within a business context. The module explores how financial information is reported and used in businesses and serves as a stepping stone for those who wish to pursue more advanced accounting modules at later stages. It covers essential accounting terms, basic financial statements for sole traders and limited companies, and guides students through the process of preparing accounts.

By the end of the module, students will be able to explain how basic financial transactions are recorded and understand current accounting practices, terminology, and standards. They will also develop skills to interpret both financial and non-financial data to gain insights into simple business operations. The syllabus includes an introduction to calculating and analysing financial ratios to assess company performance.

This module is not available to students who are taking certain other accounting modules, including LLLC1387, LUBS1225, LUBS1915, LUBS1925, and LUBS2035.

MODULE CODE	MODULE NAME
LUBS1035	Foundations of Finance
LUBS1036	Introduction to Finance
LUBS1225	Accounting for Managers
LUBS1235	Introductory Financial Accounting
LUBS1285	Mathematics and Statistics for Economics and Business 1B
LUBS1915	Introduction to Financial Accounting
LUBS1940	Economics for Management
LUBS2205	Corporate Finance
LUBS2206	Corporate Financial Management
LUBS2290	Intermediate Financial Accounting
LUBS2291	Financial Accounting and Reporting
LUBS2295	Intermediate Management Accounting
LUBS2575	Statistics and Econometrics
LUBS2610	Intermediate Macroeconomics
LUBS2850	Marketing
LUBS3160	Financial Derivatives
LUBS3370	Applied Econometrics
LUBS3620	International Business Finance
LUBS3645	Advanced Finance

University of Leeds - LUBS1235: Introductory Financial Accounting

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