Module Database Search
| MODULE DESCRIPTOR | |||
|---|---|---|---|
| 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 | |||
|---|---|---|---|
| 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 | |
|---|---|
| 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 |
|---|
| As per CIMA F1 2019 Syllabus. Regulatory environment of financial reporting; Financial statements; Principles of Taxation; Managing cash and working capital. |
| Module Delivery |
|---|
| 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 |
|---|---|---|
| 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 | |||||
|---|---|---|---|---|---|
| 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 | |
|---|---|
| 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 | |
|---|---|
| Prerequisites for Module | To have passed the CIMA certificate level examinations or equivalent. |
| Corequisites for module | None. |
| Precluded Modules | None. |
| ADDITIONAL NOTES |
|---|
| Core module material is provided online and comprises material from CIMAstudy.com, published by CIMA and Kaplan. |
| INDICATIVE BIBLIOGRAPHY | |
|---|---|
| 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. |