Module Database Search
MODULE DESCRIPTOR | |||
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Module Title | |||
Financial Reporting CIMA F1 | |||
Reference | BS2374 | Version | 1 |
Created | March 2019 | SCQF Level | SCQF 8 |
Approved | July 2019 | SCQF Points | 20 |
Amended | August 2017 | ECTS Points | 10 |
Aims of Module | |||
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To enable students to prepare financial statements for individual entities using appropriate international financial reporting standards and understand how the information contained in them can be used. To develop a greater and applied understanding of generalised taxation systems. |
Learning Outcomes for Module | |
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On completion of this module, students are expected to be able to: | |
1 | Explain the process of regulating the financial reporting environment for incorporated entities with particular focus on regulatory bodies and corporate governance. |
2 | Apply financial reporting standards and generalised taxation rules to prepare basic financial statements and an income and capital tax computation for an individual entity. |
3 | Discuss how different types of taxes are adopted nationally and internationally to achieve an effective and ethical taxation system. |
4 | Distinguish between types and sources of short-term finance. |
5 | Demonstrate different techniques to analyse and manage working capital. |
Indicative Module Content |
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As per CIMA F1 2019 Syllabus. Regulatory environment of financial reporting; Financial statements; Principles of Taxation; Managing cash and working capital. |
Module Delivery |
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The mode of delivery is Distance Learning with a focus on the use of interactive online activities. Students have access to a range of online materials and tools to facilitate their learning, including topic guides, online chats, exercises, and discussion fora. |
Indicative Student Workload | Full Time | Part Time |
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Contact Hours | 35 | 35 |
Non-Contact Hours | 165 | 165 |
Placement/Work-Based Learning Experience [Notional] Hours | N/A | N/A |
TOTAL | 200 | 200 |
Actual Placement hours for professional, statutory or regulatory body |   |   |
ASSESSMENT PLAN | |||||
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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, 5 |
Description: | Component one is the CIMA F1 Operational level exam. |
MODULE PERFORMANCE DESCRIPTOR | |
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Explanatory Text | |
The module is assessed by one component: C1 - Examination - 100% weighting. This module is not graded. After a student has sat the CIMA examination, CIMA then provides the student with the result. This is recorded as P (Pass) after confirmation of a Pass mark has been received from CIMA. | |
Module Grade | Minimum Requirements to achieve Module Grade: |
Pass | Demonstrates that the learning outcomes have been met. |
Fail | Fails to demonstrate that the learning outcomes have been met. |
NS | Non-submission of work by published deadline or non-attendance for examination |
Module Requirements | |
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Prerequisites for Module | To have passed the CIMA certificate level examinations or equivalent. |
Corequisites for module | None. |
Precluded Modules | None. |
ADDITIONAL NOTES |
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Core module material is provided online and comprises material from CIMAstudy.com, published by CIMA and Kaplan. |
INDICATIVE BIBLIOGRAPHY | |
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1 | ELLIOTT, B. & ELLIOTT, J. 2017. Financial Accounting and Reporting 18th edition. Pearson Publishing, Cambridge. |
2 | KAPLAN, 2019. CIMA Complete Text: F1 Financial Reporting. Kaplan Publishing, Berkshire. |