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2011/2 Provisional Module Catalogue - UNDER CONSTRUCTION & SUBJECT TO CHANGE
 Module Code: ECO2055 Module Title: FINANCIAL ACCOUNTING
Module Provider: Economics Short Name: ECO2055
Level: HE2 Module Co-ordinator:
Number of credits: 15 Number of ECTS credits: 7.5
 
Module Availability
Spring
Assessment Pattern
Unit(s) of Assessment 

Weighting Towards Module 
Mark (%)
Mid Semester Test

30
End Semester Project

70

Qualifying Condition(s)
A weighted aggregated mark of 40% is required to pass the module
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 decision about that organisation's performance through analysis and interpretation of the financial statements
Prerequisites/Co-requisites
None
Module Aims
The module aims to help students by providing a broad introduction to the main principles of financial accounting
Learning Outcomes

By the end of the module the student will be able to:-

  • describe and discuss the conceptual framework of accounting and its evolution
  • describe and discuss the Statement of Principles and accounting concepts
  • describe and explain the statutory/non statutory rules which surround accounting for the different types of business entity (including groups of companies)
  • explain the function and key features of the main financial statements (balance sheet, profit and loss account and cash flow statement)
  • identify the key transactions which impact on each balance sheet asset or liability
  • describe and discuss the performance review process and its limitatinons
  • interpret financial statements and discuss performance in terms of both profit and cash
Module Content

A list of indicative topics to be covered:-

  • accounting framework, accounting concepts and conventions, accounting standards
  • balance sheet / profit and loss
  • cash flow statements
  • valuation
  • performance analysis
Methods of Teaching/Learning
Lectures (11)
Selected Texts/Journals
Accounting: Understanding and Practice, Robert Perks and Danny Lewy, 3rd edition, McGraw Hill
Last Updated

10 March 2011