RGU: RGU Module: External Reporting (BS3142)

Module Title
External Reporting

Keywords
Published Financial Statements, Accounting Standards, Financial Analysis

Reference

BS3142

SCQF Level

SCQF 9

SCQF Points

ECTS Points

7.5

Created

May 2002

Approved

March 2004

Amended

September 2011

Revision No.

Prerequisites for Module

Financial Accounting (BS1111) in addition to SCQF7 entry requirements or equivalent.

Corequisite Modules

None.

Precluded Modules

None.

Aims of Module

To further develop knowledge, understanding and critical awareness of the technical skills and concepts in external financial reporting.

Learning Outcomes for Module

On completion of this module, students are expected to be able to:

1.	Recognise and discuss the regulatory framework for financial reporting.
2.	Explain the accounting standards covered in the module and apply these accounting standards to practical situations.
3.	Determine profit and analyse problems involved in the determination of profit.
4.	Undertake a financial analysis for a company.

Indicative Module Content

UK and International regulatory framework for external reporting, International Accounting standards 1,8,10,12,17,18, 24 & 37 and International Financial Reporting Standard 8. Financial analysis includes the use of profitability, efficiency,liquidity and gearing ratios.

Indicative Student Workload

Contact Hours	Full Time
Assessment	4
Lectures	24
Tutorials	6
Directed Study
Tutorial Preparation	48
Private Study
Private Study	68

Mode of Delivery

This module will be delivered using lectures and tutorials.

Assessment Plan

	Learning Outcomes Assessed
Component 1	2,3
Component 2	1,2,3,4

Component 1 is a class test during the semester.

Component 2 is an exam.

Indicative Bibliography

1.	ELLIOT, B. and ELLIOT, J., Financial Accounting and Reporting. Latest Edition. Prentice Hall.