Module Database Search
| MODULE DESCRIPTOR | |||
|---|---|---|---|
| Module Title | |||
| Financial Reporting | |||
| Reference | BS3007 | Version | 2 |
| Created | December 2023 | SCQF Level | SCQF 9 |
| Approved | February 2023 | SCQF Points | 15 |
| Amended | March 2024 | ECTS Points | 7.5 |
| Aims of Module | |||
|---|---|---|---|
| To develop knowledge and understanding of external financial reporting. | |||
| Learning Outcomes for Module | |
|---|---|
| On completion of this module, students are expected to be able to: | |
| 1 | Critically discuss the regulatory framework for financial reporting and the requirements of specific accounting standards incorporating sustainability and ethical considerations. |
| 2 | Undertake detailed computational calculations to demonstrate understanding and knowledge of relevant accounting standards. |
| 3 | Apply the recognition, measurement and disclosure requirements of international accounting standards in the preparation of financial statements. |
| 4 | Evaluate the financial impact of accounting transactions on specific elements of financial statements. |
| Indicative Module Content |
|---|
| Regulatory framework; published annual reports including financial statements including and ESG reports; revenue; property, plant and equipment; foreign currency; provisions; contingent assets and liabilities; events after the reporting period. |
| Module Delivery |
|---|
| Topics will be introduced in lectures and developed in tutorials and by directed independent learning. |
| Indicative Student Workload | Full Time | Part Time |
|---|---|---|
| Contact Hours | 40 | N/A |
| Non-Contact Hours | 110 | 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: | 100% | Outcomes Assessed: | 1, 2, 3, 4 |
| Description: | Closed book examination | ||||
| MODULE PERFORMANCE DESCRIPTOR | |
|---|---|
| Explanatory Text | |
| Component 1 comprises 100% of the module grade. To pass the module, a D grade is required. | |
| Module Grade | Minimum Requirements to achieve Module Grade: |
| A | A |
| B | B |
| C | C |
| D | D |
| E | E |
| F | F |
| NS | Non-submission of work by published deadline or non-attendance for examination |
| Module Requirements | |
|---|---|
| Prerequisites for Module | BS1111 Financial Accounting in addition to SCQF7 entry requirements or equivalent. |
| Corequisites for module | None. |
| Precluded Modules | None. |
| INDICATIVE BIBLIOGRAPHY | |
|---|---|
| 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 University Press |