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| Module Availability |
Autumn
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| Assessment Pattern |
| Unit(s) of Assessment |
Weighting Towards Module Mark (%)
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| Coursework |
100
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Qualifying Condition(s)
A weighted aggregated mark of 40% is required to pass the module. |
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| Module Overview |
Financial Accounting is the function responsible for the preparing and reporting of financial information to the owners and external stakeholders of the organisation, enabling them to make judgements and decisions about that organisation's performance through analysis and interpretation of the financial statements.
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| Prerequisites/Co-requisites |
| None |
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| Module Aims |
| The module aims to help students by providing a broad introduction to the main principles of financial accounting. |
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| Learning Outcomes |
By the end of the module the student will be able to:-
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Describe and discuss the conceptual framework of accounting and its evolution
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Describe and discuss the Statement of Principles and accounting concepts
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Describe and explain the statutory / non statutory rules which surround accounting for the different types of business entity
- Explain the function and key features of the main financial statements (balance sheet, profit and loss account and cash flow statement)
- Prepare simple financial statements
- Describe and discuss the performance review process and its limitations
- Analyse financial statements and discuss performance in terms of both profit and cash
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| Module Content |
| A list of indicative topics to be covered:-
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| Methods of Teaching/Learning |
Lectures (20 hrs)
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| Selected Texts/Journals |
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Business Accounting and Finance, Tony Davies and Tony Boczko, McGraw Hill 2005, 2nd edition |
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| Last Updated |
04 October 2010
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