Fundamentals of Financial Accounting

Learning Outcomes

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• apply problem-solving skills to solve complex problems;

Knowledge and Understanding

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

• the terminology and analytical tools used by accountants and financial analysts in financial statements.
• the effects on financial results of management decisions, corporate transactions and of the adoption of different accounting policies;
• the underlying principles of accounting and the importance of accounting measurement;

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• Analysing and interpreting the published financial reports of companies within a global context.

• Introduction to accounting and financial statements
• Financial accounting concepts, standards and reporting requirements
• Accounting for assets
• Interpretation of accounts
• Group accounts
• Selected other topics in financial accounting as appropriate.

There will be two-hour weekly lecture and two-hour biweekly seminar sessions. Students will also be expected to spend about 120 hours on private study including reading, working computational examples and preparing for seminars. Work will be set to be prepared in advance for the seminar sessions.

Formative

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

In-class Test

• Assessment Type: Formative
• Feedback: Students carry out various exercises throughout the seminars, and get immediate formative feedback on their understanding of the concept/technique when the answer is given and explained. Students will be encouraged to engage in open discussion during taught sessions. Finally, formative feedback will be provided during face to face meeting when required by a student.
• 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.