Module Database Search
MODULE DESCRIPTOR | |||
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Module Title | |||
Financial Accounting | |||
Reference | BS1111 | Version | 8 |
Created | January 2024 | SCQF Level | SCQF 7 |
Approved | July 2019 | SCQF Points | 15 |
Amended | March 2024 | ECTS Points | 7.5 |
Aims of Module | |||
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To develop knowledge and basic skills in financial accounting and to introduce the theoretical principles of accounting. |
Learning Outcomes for Module | |
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On completion of this module, students are expected to be able to: | |
1 | Record financial transactions from source information. |
2 | Prepare basic financial statements for sole traders, partnerships, limited companies and not for profit organisations. |
3 | Apply theoretical knowledge to accounting problems. |
4 | Demonstrate knowledge of computerised accounting systems used in preparing accounting information. |
5 | Demonstrate basic knowledge of the importance of professional ethics for accountants. |
Indicative Module Content |
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Introduction to financial accounting; outline of the conceptual framework; accounting concepts; professional ethics; double entry book keeping for sole traders, limited companies, partnerships, manufacturing companies and not for profit organisations; journals; extended trial balance; income statement; statement of financial position; accruals accounting; period end procedures including disposal of non-current assets; computerised accounting systems. |
Module Delivery |
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Topics are delivered in lectures, developed in tutorials and a book keeping case study is completed in workshops and computer labs. |
Indicative Student Workload | Full Time | Part Time |
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Contact Hours | 54 | N/A |
Non-Contact Hours | 96 | N/A |
Placement/Work-Based Learning Experience [Notional] Hours | N/A | N/A |
TOTAL | 150 | N/A |
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: | 30% | Outcomes Assessed: | 1, 2 |
Description: | Individual applied assignment | ||||
Component 2 | |||||
Type: | Examination | Weighting: | 70% | Outcomes Assessed: | 1, 2, 3, 4, 5 |
Description: | Closed book examination |
MODULE PERFORMANCE DESCRIPTOR | ||||||||
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Explanatory Text | ||||||||
The calculation of the overall grade for this module is based on 70% weighting of C2 - Examination and 30% weighting of C1 - Class test. An overall minimum grade D is required to pass the module. | ||||||||
Examination: | ||||||||
Examination: | A | B | C | D | E | F | NS | |
A | A | A | B | B | B | E | ||
B | B | B | B | C | C | E | ||
C | B | C | C | C | D | E | ||
D | C | C | D | D | D | E | ||
E | D | D | D | E | E | E | ||
F | E | E | E | E | F | F | ||
NS | Non-submission of work by published deadline or non-attendance for examination |
Module Requirements | |
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Prerequisites for Module | None. |
Corequisites for module | None. |
Precluded Modules | None. |
INDICATIVE BIBLIOGRAPHY | |
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1 | SANGSTER, A., GORDON, L., and WOOD, F. 2021. Frank Wood's Business Accounting: An introduction to Financial Accounting. 15th ed. Harlow, England: Pearson. |