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MODULE DESCRIPTOR | |||
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Module Title | |||
External Reporting | |||
Reference | BS3142 | Version | 8 |
Created | February 2017 | SCQF Level | SCQF 9 |
Approved | June 2013 | SCQF Points | 15 |
Amended | August 2017 | ECTS Points | 7.5 |
Aims of Module | |||
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To further develop knowledge, understanding and critical awareness of the technical skills and concepts in external financial reporting. |
Learning Outcomes for Module | |
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On completion of this module, students are expected to be able to: | |
1 | Recognise and discuss the regulatory framework for financial reporting. |
2 | Explain the accounting standards covered in the module and apply these accounting standards to practical situations. |
3 | Determine profit and analyse problems involved in the determination of profit. |
4 | Undertake a financial analysis for a company. |
Indicative Module Content |
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UK and International regulatory framework for external reporting, International Accounting standards 1,8,10,12,17,18, 24 & 37 and International Financial Reporting Standard 8. Financial analysis includes the use of profitability, efficiency, liquidity and gearing ratios. |
Module Delivery |
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This module will be delivered using lectures and tutorials. |
Indicative Student Workload | Full Time | Part Time |
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Contact Hours | 34 | 34 |
Non-Contact Hours | 116 | 116 |
Placement/Work-Based Learning Experience [Notional] Hours | N/A | N/A |
TOTAL | 150 | 150 |
Actual Placement hours for professional, statutory or regulatory body |   |   |
ASSESSMENT PLAN | |||||
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If a major/minor model is used and box is ticked, % weightings below are indicative only. | |||||
Component 1 | |||||
Type: | Examination | Weighting: | 20% | Outcomes Assessed: | 2, 3 |
Description: | Closed book class test during the semester | ||||
Component 2 | |||||
Type: | Examination | Weighting: | 80% | Outcomes Assessed: | 1, 2, 3, 4 |
Description: |
MODULE PERFORMANCE DESCRIPTOR | |
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Explanatory Text | |
The Module is assessed by two components: C1 - Class test - 20% weighting. C2 - Examination - 80% weighting. Module Pass Mark = Grade D (40%) | |
Module Grade | Minimum Requirements to achieve Module Grade: |
A | At least 70% on weighted aggregate and at least 35% in each component |
B | At least 60% on weighted aggregate and at least 35% in each component |
C | At least 50% on weighted aggregate and at least 35% in each component |
D | At least 40% on weighted aggregate and at least 35% in each component |
E | At least 35% on weighted aggregate |
F | Less than 35% on weighted aggregate |
NS | Non-submission of work by published deadline or non-attendance for examination |
Module Requirements | |
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Prerequisites for Module | For BA (Hons) Accounting and Finance: Financial Accounting (BS1111) in addition to SCQF7 entry requirements or equivalent. For MSc Accounting and Finance: None in addtion to SCQF 11 entry requirements or equivalent. |
Corequisites for module | None. |
Precluded Modules | None. |
INDICATIVE BIBLIOGRAPHY | |
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1 | ELLIOTT, B. and ELLIOTT, J., 2022. Financial accounting and reporting. 20th ed. Harlow: Pearson Education. |
2 | MAYNARD, J., 2017. Financial accounting, reporting & analysis. 2nd ed. Oxford: Oxford University Press. |