Undergraduate Module Descriptors 2012/13
AC5020: Financial Accounting
| Module Title |
Financial Accounting |
| Module Code |
AC5020 |
| Module Tutor |
Jonathan Mills |
| School |
Accounting and Law |
| CAT Points |
30 |
| Level of Study |
5 |
| Pre-requisites |
None |
| Co-requisites |
None |
| Restrictions |
None |
| Brief Description |
|
| Indicative Syllabus |
The syllabus includes:
- Review of the regulatory framework established by the International Accounting Standards Board (IASB) and associated bodies;
- Evaluation of fundamental accounting concepts and underlying assumptions included in the Statement of Principles adopted by the IASB;
- Discussion and practical application of key International Accounting Standards used in the preparation of Financial Statements.
|
| Learning Outcomes |
A student passing this module should be able to:
- Understand some of the contexts in which financial accounting operates – for example, the legal, ethical, and social environment; the accountancy profession; the regulatory bodies; the capital markets; and the public sector; (PLO1)
- Be familiar with the technical language and practices of financial accounting – for example, the meaning and practice of the concepts of materiality, going concern, and accruals in the preparation of financial statements; (PLO2)
- Display skills in recording, summarising and interpreting economic transactions and events – for example, through learning to prepare financial statements in accordance with IAS 1, and analyse them using vertical and horizontal analysis; (PLO3)
- Understand the contemporary theories and empirical evidence concerning the origin and history of international financial accounting standards – for example, the development of legislation and accounting standards as a direct response to accounting scandals and corporate failures, and the impact of this on society and the financial sustainability of companies globally; (PLO4)
- Manage their learning independently, including being able to find, extract and analyse data, draw reasoned conclusions from many different sources, and acknowledge and reference these appropriately; (PLO6)
- Display communication and numerical skills, including the ability to use information technology, including spreadsheets and online databases, to present quantitative information in a form which will be understood by its intended audience.(PLO8)
|
| Learning and Teaching Activities |
Scheduled Contact Hours: 60
Independent Learning Hours: 240
|
| Assessment (For further details see the Module Guide) |
001: 20% Written Exam: In-class, unseen, closed book: 1.00 hours
002: 30% Coursework: Individual, standard written: 2000 words or equivalent
003: 20% Written Exam: In-class, unseen, closed book: 1.00 hours
004: 30% Written Exam: End of year, unseen, closed book: 2.00 hours
|
| Special Assessment Requirements |
|
| Indicative Resources |
The Library Catalogue contains full details of the current reading list for this module. Further details may also be found in the Module Guide. |
