Financial Accounting 2

Learning Outcomes

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• appreciate the principles behind the regulatory framework of financial reporting;
• evaluate other significant accounting issues discussed during the module.
• analyse and interpret sets of published financial statements;
• prepare accounting statements following the rules of the regulatory framework;

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• Collaborate and plan as part of a team, to carry out roles allocated by the team and take the lead where appropriate, and to fulfil agreed responsibilities.
• Develop organisational and time management skills.
• Demonstrate problem learning skills.
• Demonstrate effective written communication.
• Interpret numerical data and address numerical problems more effectively.

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

• how to demonstrate knowledge of the principles behind the regulatory framework of financial reporting.

• Financial Accounting Objectives
• Conceptual Framework, Accounting and Reporting Standards
• Analysis and Interpretation of Accounts (in the context of writing a report for investors and using appropriate databases and other sources)
• Cash flow statements
• Property, plant and equipment: Revaluation Method
• Intangible Assets
• Impairment of Assets
• Provisions, Contingent Assets and Liabilities
• Events after the Reporting Period
• Capital and Dividends, Rights and Bonus Issues
• Capital Maintenance
• Deferred Taxation
• Accounting Policies, Changes in Estimates and Errors

The module consists of 24 hours of lectures. In addition, all students are expected to attend 10 classes, one each week. There will be a group report, which forms part of the assignment. In addition students should expect to perform 6-7 hours per week of private study.

Formative

This is how we’ll give you feedback as you are learning. It is not a formal test or exam.

In-class activities

• Assessment Type: Formative
• Feedback: You will receive verbal feedback both individually and in groups.
• Final Assessment: No
• Group Work: No

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.