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.
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| 2. |
Explain the accounting standards covered in the module and apply these accounting standards to practical situations.
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| 3. |
Determine profit and analyse problems involved in the determination of profit.
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| 4. |
Undertake a financial analysis for a company.
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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
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Learning Outcomes Assessed
| | Component 1 | 2,3
| | Component 2 | 1,2,3,4
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Component 2 is an exam.
Component 1 is a class test during the semester.
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: Oxford University Press.
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