Module Database Search
MODULE DESCRIPTOR | |||
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Module Title | |||
Applied Financial and Management Accounting | |||
Reference | BS2071 | Version | 7 |
Created | January 2024 | SCQF Level | SCQF 8 |
Approved | June 2019 | SCQF Points | 30 |
Amended | March 2024 | ECTS Points | 15 |
Aims of Module | |||
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To apply accounting standards in the preparation of financial statements, develop the skills to analyse financial statements and apply management accounting techniques for decision making and control. |
Learning Outcomes for Module | |
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On completion of this module, students are expected to be able to: | |
1 | Use international accounting standards to incorporate transactions and information into financial statements. |
2 | Undertake a financial analysis of an entity's financial statements. |
3 | Apply cost accounting techniques for profit measurement and decision making. |
4 | Prepare budgets for planning and control. |
5 | Outline sustainability reporting requirements. |
Indicative Module Content |
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IAS 1; Statement of changes in equity; Statement of cash flows; sustainability reporting; non-current assets; government grants; provisions; revenue; events after the reporting period; financial ratios; Activity based costing; process costing; preparation of cash budgets. |
Module Delivery |
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The module is delivered in Blended Learning mode using structured online learning materials/activities and directed study, facilitated by regular online tutor support. Workplace Mentor support and work-based learning activities will allow students to contextualise this learning to their own workplace. Face-to-face engagement occurs through annual induction sessions, employer work-site visits, and modular on-campus workshops. |
Indicative Student Workload | Full Time | Part Time |
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Contact Hours | 30 | N/A |
Non-Contact Hours | 30 | N/A |
Placement/Work-Based Learning Experience [Notional] Hours | 240 | N/A |
TOTAL | 300 | N/A |
Actual Placement hours for professional, statutory or regulatory body | 228 |   |
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: | 70% | Outcomes Assessed: | 1, 2, 5 |
Description: | Closed book examination. | ||||
Component 2 | |||||
Type: | Examination | Weighting: | 30% | Outcomes Assessed: | 3, 4 |
Description: | Closed book examination. |
MODULE PERFORMANCE DESCRIPTOR | ||||||||
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Explanatory Text | ||||||||
The Module is assessed by two components: C1 - Examination - 70% weighting (vertical axis). C2 - Examination (horizontal axis) - 30% weighting. Module Pass Mark = Grade D. | ||||||||
Examination: | ||||||||
Examination: | A | B | C | D | E | F | NS | |
A | A | A | B | B | E | E | ||
B | B | B | B | C | E | E | ||
C | B | C | C | C | E | E | ||
D | C | C | D | D | E | E | ||
E | E | E | E | 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 | DRURY, C. and TAYLES, M., 2023. Management and Cost Accounting, 12th ed. Andover: Cengage Learning |
2 | ELLIOTT, J. and ELLIOTT, B., 2022. Financial Accounting and Reporting. 20th ed. Harlow: Pearson. |
3 | MCLANEY, E.J. and ATRILL, P.,2020. Accounting and finance: an introduction. 10th ed. Harlow: Pearson |
4 | WEETMAN, P., 2010. Management accounting. 2nd ed. Harlow: Pearson. |