Prerequisites for Module
None in addition to SCQF10 entry requirements or equivalent.
Corequisite Modules
None.
Precluded Modules
None.
Aims of Module
To further develop knowledge, understanding and awareness of the technical skills and concepts underpinning financial reporting and to further develop the ability to respond effectively and critically to contentious issues and change.
Learning Outcomes for Module
On completion of this module, students are expected to be able to:
| 1. |
Display further knowledge and understanding of the financial accounting theoretical framework and critically appraise contentious areas and current issues.
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| 2. |
Display critical awareness of the accounting standards in the module, apply to practical examples where appropriate and critically appraise contentious areas.
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| 3. |
Prepare practical computational answers to questions related to selected topics in accordance with the syllabus content and appraise the results.
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| 4. |
Research a financial reporting topic in accordance with the syllabus content so as to develop a well-structured argument integrating theory with professional and vocational practice and evaluating the theory, process, solutions and outcomes critically and effectively whilst working autonomously.
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| 5. |
Communicate financial accounting information clearly, concisely and systematically in a written format.
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Indicative Module Content
The content of this module is expected to change over time to reflect current developments in financial accounting and reporting practice and regulation but currently includes: Reporting the substance of transactions; Pensions; Financial Instruments; Earnings per Share, Corporate Governance; Current issues in financial accounting and reporting
| Indicative Student Workload
Contact Hours
| Full Time | Lectures
| 24 | Tutorials/Seminars
| 12 | Assessment
| 2 |
Directed Study
| | Coursework Preparation
| 27 | Tutorial Preparation
| 36 |
Private Study
| | Private Study
| 49 |
Mode of Delivery
Topics are introduced in the lectures and developed in the tutorials for which students are expected to undertake directed independent learning.
Assessment Plan
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Learning Outcomes Assessed
| | Component 1 | 1,2,4,5
| | Component 2 | 1,2,3,5
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Component 1 is coursework.
Component 2 is an examination.
Indicative Bibliography
| 1. | ELLIOT, B. and ELLIOT, J., latest edition. Financial Accounting and Reporting. Prentice Hall.
| | 2. | Students will also need to refer to the Companies Act 2006 and relevant articles from accounting journals such as Accounting and Business Research, British Accounting Review, Journal of Applied Accounting Research.
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