Auditing & Professional Accounting Practice I

BMAN10760 Auditing & Professional Accounting Practice I 20 Full year Undergraduate Level 1 Jennifer Rose Unit coordinator Alliance Manchester Business School Student Development & Community Engagement (Level 1 FHEQ level (Framework for Higher Education Qualifications) ' First part HE study/Bachelors ' European Credit Transfer & Accumulation System Rating : 10.0 The course will include the following main components  •    The theory of auditing  •    Application of auditing theory  •    The development of an audit tender for a large Plc  •    Personal development during the programme  Development of academic skills  The course will include the following main components  •    The theory of auditing  •    Application of auditing theory  •    The development of an audit tender for a large Plc  •    Personal development during the programme  Development of academic skills  This course aims to provide students with:   1.    An introduction to the nature of businesses, the environment in which they operate, and the role of accounting in professional practice.   2.    An introduction to the fundamental principles of audit and assurance, and development of their understanding of the audit process.   3.    The research skills necessary for the collection, analysis and interpretation of business and accounting data, in particular useful for bidding for the audit contract of a company.   4.    Key skills and techniques needed to succeed in a career in accounting practice. This includes developing a capacity to make convincing presentations to potential clients, and the ability to write essays and reports.   On completion of this unit students will be able to:   1.    Demonstrate a commercial understanding and awareness of current business issues   2.    Discuss in an informed way current issues in accounting and auditing practice;   3.    Use research skills to prepare a submission for an audit tender;   4.    Demonstrate the ability to put into practice transferable skills for employability and further study;   5.    Explain the purpose of assurance, the nature of a statutory audit and the key stages in the audit process;  6.    Understand the assurance process and fundamental principles of ethics, and are able to contribute to the assessment of internal controls and gathering of evidence on an assurance engagement   Other This module has been specifically designed with the aim to enhance your exposure to professional practice. Many aspects of the module are tailored specifically to support your ability to apply for a job in Accounting. Much of the workshop time is devoted to understanding and developing the skills required by employers (e.g. team working, commercial awareness, time management, communication skills, etc.). The methods of assessment engaged in this course will also enhance your employability skills e.g. group presentation and writing exercises. Lecture hours:40 hours of lectures  Workshops: 40 hours of workshops  Private study: 120 hours  Total study hours 200 hours Total study hours: 200 hours split between lectures, classes, self study and preparation for classes, and assessments. Class exercises and various case studies will be used for the audit workshops. Canvas and other web-based resources will be used. Some sessions will be delivered by external professional advisors.    0 Other 100% Group project 25% Examination 75%      Students will receive on-going feedback on work and discussions during the classes.     Feedback will also be provided to students on the group project report within 15 working days of submission.     Students will be able to attend office hours to discuss their questions and progress with course lecturers and academic advisors.  Written and/or verbal comments after students have given a group or individual presentation.    BMAN10760 is core for BSc Accounting and BSc Business Accounting.BMAN10760 is core for BSc Accounting and BSc Business Accounting.  N Core textbooks:Millichamp A., and Taylor J.R., (2018), Auditing, 11th Ed., Cengage Learning EMEA ISBN 1473749301  Supplementary textbooks:Arers, Elders & Beasley: 'Auditing & Assurance Services: An Integrated Approach' (2007) 13th Ed, Pearson Higher Education. Phil Race 'How to get a Good Degree' (Open University Press 1999) Developing Essential Study Skills, (2000), E. Payne and L. Whittaker, Pearson Education Limited, 2000. Allen, Rebecca, A wider perspective and more options: instigating the longer term employability of humanities graduates, Higher Education Academy (2006) Hawkins, P., The Art of Building Windmills: Career Tactics for the 21st Century, (1999) Hawkins, P., Skills for Graduates in the 21st century (1995) Association of Graduate Recruiters Financial Press      Assessment written exam 2 Lectures 40 Practical classes & workshops 40 0 118 Other staff involved: TBCPre-requisites: None Co-requisites: None Dependent courses: BMAN24751 Professional Accounting Practice and BMAN24641 Business Strategy Programme Restrictions: Compulsory for BSc Accounting and BSc Business Accounting students. Not offered to other students.