FIN1161 – Introduction to Finance for Business

Week 1 – Tutorial

Introduction to the Module details & The

Role of Accounting in Business

Some powerpoint materials acknowledgement – Business and Finance 5th edition © Catherine Gowthrope, 2021
 Learning Outcomes
After this session you will be able to:
• Understand the Moodle site, handbook, two assessment details, and
tutorial format
• Understand what is available in terms of Module support
• Understand the basics of Excel – data entry, types of data, formatting,
formulas
The Moodle site, handbook, two
assessment details, and tutorial format - 1

The Moodle site:

How it works, where to find information, videos that can help, and
additional resources - well-being and Studiosity
The Moodle site, handbook, two
assessment details, and tutorial format -2

The Handbook:
Module aims and Los, Teaching Activities and textbooks
The Moodle site, handbook, two
assessment details, and tutorial format - 3

Assessments:
Assessment 1 : Details and marking criteria
The Moodle site, handbook, two
assessment details, and tutorial format - 4

Assessments:
Assessment 2 : Details and marking criteria
 Approach to Answering Report 1 & 2

 Examples of Last Year's Reports Section on Moodle

 Last year’s Report 1 was different to this year’s brief. It was more
theoretical and so AI weak.
 This year’s Report 1 brief is similar to Scenario 1 of this year’s Report 2
brief.
 There are 2 examples of last year’s 2023 Report 2, in the section
Example of Last Year’s Reports section on Moodle. There is also the
assignment brief.
 You can use last year’s report to show how students handled creating
statements and providing commentary on statements and scenarios
The Moodle site, handbook, two
assessment details, and tutorial format - 5

Tutorial format
• 1hr weekly sessions
• Recap of lecture concepts & Previous tutorial session activities &
questions
• Assigned practical problems to be completed on Excel in-class
Module support available - 1

Module Support
• Tutors’ contact details and office hours
• Module leader’s contact details and office hours
• Moodle videos and Forum
Module support available - 2

Module Support
• Tutors’ contact details and office hours
• Module leader’s contact details and office hours
• Moodle videos and Forum
 Recap
What was covered in the lecture
 The differences between the sole trader, partnership and
company forms of business organization.
 Some sources of business finance available.
 Outline some important features of the business environment.
 Why accounting information is produced.
 Identify the principal groups in society who need and use
accounting information.
 The functions that accountants perform in the production of
accounting information.
 The importance of ethics for the professional accountant.

Any questions on the lecture?

Basics of Excel – data entry, types of
data, formatting, formulas - 1
What is MS Excel and some of its basics:
• Excel spreadsheet arrangement & Data entry,
• Types of data – text, numbers and formulas,
• Formatting data – text, number (currency, comma, decimal, date, text
alignment, cell manipulation (merging, adjusting width and height),
sorting data
• Formulas – addition, subtraction, multiplication, division, sum & average
• Complete the exercise on the next slide
Basics of Excel – data entry, types of
data, formatting, formulas - 2
Excel Practice:
• Create a spreadsheet for Madupe & Family Fruit Company purchases
this week:
• 250lbs of apples @£0.25 per lbs, 550lbs of oranges @ £0.42 per lbs,
675lbs of bananas @£0.35 per banana, 75lbs of strawberries @£1.80 per
lbs. Calculate the total amount of fruit purchased in weight and in cost.
Create appropriate labels to make the report helpful to the general
manager.
 Practice Question

- On Moodle answer the questions in the Week 1- Accounting

Concepts-Questions read and answer the questions
 Learning Outcomes – at the end
After this session you should be able to:
• Understand the Moodle site, handbook, two assessment details, and
tutorial format
• Understand what is available in terms of Module support
• Understand the basics of Excel – data entry, types of data, formatting,
formulas