Module Database Search
| MODULE DESCRIPTOR | |||
|---|---|---|---|
| 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 | |||
|---|---|---|---|
| To develop knowledge and basic skills in financial accounting and to introduce the theoretical principles of accounting. | |||
| Learning Outcomes for Module | |
|---|---|
| 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 |
|---|
| 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 |
|---|
| 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 |
|---|---|---|
| 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 | |||||
|---|---|---|---|---|---|
| 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 | ||||||||
|---|---|---|---|---|---|---|---|---|
| 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 | |
|---|---|
| Prerequisites for Module | None. |
| Corequisites for module | None. |
| Precluded Modules | None. |
| INDICATIVE BIBLIOGRAPHY | |
|---|---|
| 1 | SANGSTER, A., GORDON, L., and WOOD, F. 2021. Frank Wood's Business Accounting: An introduction to Financial Accounting. 15th ed. Harlow, England: Pearson. |