Module Database Search
| MODULE DESCRIPTOR | |||
|---|---|---|---|
| Module Title | |||
| Test of Professional Skills - Financial Reporting | |||
| Reference | BSM099 | Version | 3 |
| Created | November 2021 | SCQF Level | SCQF 11 |
| Approved | May 2019 | SCQF Points | 30 |
| Amended | July 2022 | ECTS Points | 15 |
| Aims of Module | |||
|---|---|---|---|
| To demonstrate professional knowledge of International Financial Reporting Standards and the technical expertise to prepare financial statements and disclosure information for individual companies and groups. | |||
| Learning Outcomes for Module | |
|---|---|
| On completion of this module, students are expected to be able to: | |
| 1 | Demonstrate professional skills to recommend appropriate accounting treatment for a range of companies using IFRS and UK accounting requirements. |
| 2 | Prepare journal entries with supporting calculations to account for a range of transactions in accordance with any relevant guidance on accounting treatment. |
| 3 | Construct financial statements for individual companies and groups. |
| 4 | Construct appropriate disclosures for inclusion within the annual report and accounts. |
| Indicative Module Content |
|---|
| This module integrates the syllabus content of the Test of Professional Skills - Financial Reporting examination assessed by ICAS. The syllabus covers accounting for business transactions, individual company and group financial statements, accounting principles and financial disclosure in annual reports. |
| Module Delivery |
|---|
| This module is initially delivered using online learning materials/activities and directed study supplied by ICAS. Face to face engagement occurs through the ICAS training and teaching route approved and agreed by the student's employer. Work based learning will allow students to reflect on their professional development in the context of their own workplace. |
| Indicative Student Workload | Full Time | Part Time |
|---|---|---|
| Contact Hours | 70 | N/A |
| Non-Contact Hours | 100 | N/A |
| Placement/Work-Based Learning Experience [Notional] Hours | 130 | N/A |
| TOTAL | 300 | N/A |
| Actual Placement hours for professional, statutory or regulatory body | 130 |
| 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: | ICAS Test of Professional Skills exam for Financial Reporting. | ||||
| MODULE PERFORMANCE DESCRIPTOR | |
|---|---|
| Explanatory Text | |
| The module is assessed by one component: C1 - Examination (100% weighting) is assessed on a pass/fail basis. This module is not graded. | |
| Module Grade | Minimum Requirements to achieve Module Grade: |
| Pass | Pass in C1 TPS Financial Reporting Examination |
| Fail | Fail in C1 TPS Financial Reporting Examination |
| NS | Non-submission of work by published deadline or non-attendance for examination |
| Module Requirements | |
|---|---|
| Prerequisites for Module | BS1072; BS2080 or BS1003; BS1071; BS2070; BS2071; BS3080; BS3070; BS3071; BS3116; BS3117; BS4070; BS4074 |
| Corequisites for module | None. |
| Precluded Modules | None. |
| ADDITIONAL NOTES |
|---|
| Students must pass all accredited modules in order to engage with this module - BSM401. Due to the timing of the RGU assessed module BS4074 (a prerequisite of BSM401) and the start of BSM401, which falls under the remit of ICAS, students will start BSM401 prior to the availability of the BS4074 results. |
| INDICATIVE BIBLIOGRAPHY | |
|---|---|
| 1 | ALEXANDER, D., BRITTON, A., JORISSEN, A. HOOGENDOORN, M. VAN MOURIK, C., 2020. International financial reporting and analysis. 8th ed. Hampshire: UK Cengage Learning. |
| 2 | ELLIOT, B. AND ELLIOT, J., 2019. Financial accounting and reporting. 19th ed. Harlow: Pearson Education. |