RGU: RGU Module: The Financial Environment (BS1201)

Module Title
The Financial Environment

Keywords
Financial Accounting, Accounting Theory, Ratio Analysis

Reference

BS1201

SCQF Level

SCQF 7

SCQF Points

ECTS Points

7.5

Created

May 2002

Approved

July 2002

Amended

July 2006

Revision No.

Prerequisites for Module

None in addition to SCQF 7 entry requirements or equivalent.

Corequisite Modules

None.

Precluded Modules

None.

Aims of Module

To develop basic knowledge of 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.	Explain and apply basic accounting concepts to practical situation.
2.	Discuss the contents of a set of basic financial statements for sole traders, partnerships and limited companies.
3.	Analyse financial statements.

Indicative Module Content

The module provides a basic understanding of financial statements by identifying the basic principles of accounting theory and practice and by analysing and interpreting financial statements using liquidity, risk and investor ratios.

Indicative Student Workload

Contact Hours	Full Time
Lectures	12
EQL applications	20
Tutorials	10
Assessment	4
Surgery	12
Directed Study
Tutorial and case-study preparation	20
Private Study
Private Study	72

Mode of Delivery

Topics are introduced in lectures and computer labs by using EQL Understanding Accounts computer package and developed in tutorials.

Assessment Plan

	Learning Outcomes Assessed
Component 1	1,2,3

The module is assessed by two exams each with a 50% weighting

Indicative Bibliography

1.	ATRILL, P. and McLANEY, E. Financial Accounting for Decision Makers. Latest ed. London: Financial Times Prentice Hall
2.	EQL computer software and workbook.