Financial Accounting 3

Learning Outcomes

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• summarise, analyse and evaluate relevant accounting standards and other regulations;
• illustrate the effect of accounting policy choice on financial statements through calculation and discussion;
• apply accounting ideas, concepts and methods to specific financial reporting problems;
• prepare consolidated financial statements for simple groups.

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• interpret numerical data and address numerical problems more effectively.
• communicate better in written form;

Knowledge and Understanding

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

• current issues and possible future directions for financial reporting.

• Theories of financial reporting; the supply of and demand for financial reporting; fundamental principles for financial accounting.
• Problem areas in financial reporting, including leasing and other special purpose transactions, revenue recognition, share based payments, financial instruments.
• Group accounts.

Teaching methods include:

• Lectures
• Seminars
• Workshops

Learning activities include:

• Assessed learning tasks: written report (see below)
• Directed reading
• Independent study including undirected reading and computational practice

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.