NTU Business & Management (BM) Electives
Module:
BU8101 Accounting A User Perspective
Description:
The objective of this course is to expose non-accounting and non-business students to the environment of accounting and its role in providing information for useful decision making by various stakeholders of business organizations. By the end of the course, students should be able to appreciate the role, scope and value of information for managing business organizations towards achieving their goals. Students will learn fundamental concepts and techniques in financial and managerial accounting through solving business problems. In this course, students are treated to an understanding of a broad range of the underlying accounting concepts without the need to be involved in too much detail associated with the processes. Whilst non-accounting and non-business students need not have to prepare detailed financial statements, it would be beneficial for them to be able to understand, interpret, analyze and use them. Topics covered include ? the role of accounting in business; the accounting cycle; understanding, interpretation and analysis of financial statements; and the application of accounting tools for strategic planning and control in a business organization.
Module:
BU8101 Accounting A User Perspective
Description:
The objective of this course is to expose non-accounting and non-business students to the environment of accounting and its role in providing information for useful decision making by various stakeholders of business organizations. By the end of the course, students should be able to appreciate the role, scope and value of information for managing business organizations towards achieving their goals. Students will learn fundamental concepts and techniques in financial and managerial accounting through solving business problems. In this course, students are treated to an understanding of a broad range of the underlying accounting concepts without the need to be involved in too much detail associated with the processes. Whilst non-accounting and non-business students need not have to prepare detailed financial statements, it would be beneficial for them to be able to understand, interpret, analyze and use them. Topics covered include ? the role of accounting in business; the accounting cycle; understanding, interpretation and analysis of financial statements; and the application of accounting tools for strategic planning and control in a business organization.
Notes:
Download here
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This is a very heavy content modulus. If you do not have any prior knowledge in business, pls do not take it. You will suffer anot. Alot of terms to understand and concepts are quite different to apply. For me, I am struggling. Maybe i was too busy with my CCA. But the notes were not sufficient enough. I have to read every single chapter and this is very tedious. Of course, reading the textbook is important for this modulus. You will need the textbook because the tutorial questions were ask from the tb. Only the question number given. I suggest to take business first before accounting. A lot of people SU.
ReplyDeleteThe module requires you to be competent with both financial and managerial accounting and has the thickest textbook and the most chapters (22 out of 24 in the textbook).
Study Techniques: Notes
ReplyDeleteNotes:
(Financial)
(Managerial)
Results: A
How did I study?
I wrote notes after every chapter as part of revision, and compile them as shown in the link. This is my JC study technique, as I didn't believe in mindmaps then. I think I could have done better if I had used mindmaps, as I end up forgetting 1 major concept that comes out as a whole question. This costs me around 20 marks. In addition, I took the effort to understand annual reports, and would read them from the first to last page.
Mistakes made:
1. I could have done better if I have placed more bet in cash flow statement.
2. I should have followed my time management plan rigidly.
Tips for scoring:
1. Read up the chapter before going for lesson, as lecture is a mad rush (for me during special term).
2. After the lectures, do your tutorials faithfully.
3. Do a revision after your tutorials
4. Master your skills in doing the 3 important financial statements (Income statement, balance sheet, and especially Statement of Cash Flow)
5. Practice all the textbook problems at the end of each chapter.
6. Do a final revision before the exam.
7. Try out at least 3 past year exam papers before the actual paper to familiarise yourself with the format. This can also help you in planning your time management.
Overall Opinion:
For people who are attempting for the business minor, this is the first major obstacle you have to face. Why is it so?
Firstly, the module requires you to be competent with both financial and managerial accounting. For people studying business, they did financial and managerial accounting in separate modules. So you can have some gauge how much contents are being summarized (or condensed).
Secondly, among all the business minor modules, this module has the thickest textbook and the most chapters (22 out of 24 in the textbook). So you can imagine how much contents there are for this module.
Thirdly, for my special term, we cover 2/3 chapters per 1.5 hour lesson, followed by 1.5 hour tutorial. You can imagine the mad rush of complicating concepts during that short period of time. I'm not sure how this module is taught during semester, but I guess it will be better.
Lastly, for the exams, it is a mad rush for 2.5 hour worth of exam that is given only 2 hour to finish. For those who manage to finish them confidently (which excludes me, and that explains the missing + beside the A), I salute them. These are the people who are 99% clear of the module.
This is why I intend to take it during special term, and why it is the first module I took for the business minor.
For those who are aiming for business minor, I suggest you try this module first, then reconsider your options. It is a great test of your interest in business.
To know business, you must know the numbers. Its importance explains why it is a pre-requisite for business minor.