Financial Accounting 2

Learning Outcomes

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.

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• Demonstrate problem learning skills.
• Demonstrate effective written communication.
• Interpret numerical data and address numerical problems more effectively.
• 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.

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

• 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)
• Property, plant and equipment
• Issued Share Capital and Dividends
• Capital Maintenance
• Intangible Assets
• Impairment of Assets
• Contingent Assets and Liabilities
• Events after the Reporting Period
• Deferred Taxation
• Cash flow statements

Teaching and learning methods

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.

Resources & Reading list

Textbooks

John MCKeith and Bill Collins. Financial Accounting and Reporting.

Barker, R (2011). Short introduction to Accounting. Cambridge University Press.

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.

Repeat Information

Repeat type: Internal & External