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Description

Financial Accounting and Reports

Module titleFinancial Accounting and Reports
Module codeINT3614
Academic year2021/2
Credits15
Module staff

Areeya Srisai (Lecturer)

Duration: Term123
Duration: Weeks

10

2

Number students taking module (anticipated)

20

Description - summary of the module content

Module description

This module provides an introduction to financial accounting as well as providing a solid foundation in the theory and practice of financial management. Students will be equipped with the necessary competencies in the preparation and presentation of financial statements.

This module has no pre-requisite and is suitable for students who seek to pursue postgraduate degrees in Finance and/or Accounting.

Module aims - intentions of the module

The module aims to give students a solid foundation in the theory and practice of financial accounting and financial management. Students will be equipped with necessary competencies in the preparation and presentation of financial statements according to the requirements of the International Financial Reporting Standards. Students will also gain knowledge and understanding of the accounting theories and apply this using contextual information.

Intended Learning Outcomes (ILOs)

ILO: Module-specific skills

On successfully completing the module you will be able to...

  • 1. Prepare and present financial statements which conform with international accounting standards
  • 2. Analyse and interpret financial statements using contextual information
  • 3. Identify the relationships among the income statement, balance sheet, statement of cash flows, and statement of owner's equity
  • 4. Evaluate the use of financial accounting information as the basis of finance decision-making

ILO: Discipline-specific skills

On successfully completing the module you will be able to...

  • 5. Apply logical thinking and numeracy skills to problems by using appropriate accounting and finance techniques
  • 6. Develop a sound knowledge of reporting and accounting principles
  • 7. Apply financial statement analysis in making investment decisions

ILO: Personal and key skills

On successfully completing the module you will be able to...

  • 8. Demonstrate an appropriate use of learning resources
  • 9. Demonstrate basic written and numerical skills

Syllabus plan

Syllabus plan

  • Regulatory framework
  • IASB conceptual framework
  • Preparation of financial statements and financial plans
  • Statement of financial position (equity, liabilities, assets measurement and disclosure)
  • Consolidated accounts
  • Interpretation
  • Accountability

Learning and teaching

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
60900

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Scheduled Learning and Teaching Activities10Lectures
Scheduled Learning & Teaching Activities50Seminars/Tutorials
Guided Independent Study60Practice on accounting techniques and revision for exam
Guided Independent Study30Reading and research and work on assignment

Assessment

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
In-class Problem solving activities1-2 hours1-9Verbal and written and available on ELE
Small group discussion on case studies30 minutes2-9Verbal
Mock Examination3 hours1-9Marks and feedback

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
60400

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Examination (online)403 hours1-6, 8, 9Marks and feedback
Applied Financial Reporting Assignment602000 words including tables1-9Marks and feedback

Re-assessment

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Applied Financial Reporting AssignmentApplied Financial Reporting Assignment - 2000 words including tables1-9As soon as possible after APAC

Re-assessment notes

Deferral – if you miss an assessment for reasons judged legitimate by the Mitigation Committee, the applicable assessment will normally be deferred. See ‘Details of reassessment’ for the form that assessment usually takes. When deferral occurs there is ordinarily no change to the overall weighting of that assessment.

Referral – if you have failed the module overall (i.e. a final overall module mark of less than 40%) you will be required to take a re-sit exam and re-submission. Only your performance in this exam will count towards your final module grade. A grade of 40% will be awarded if the examination is passed.

Resources

Indicative learning resources - Basic reading

International financial reporting: a practical guide (7th Edition), Alan Melville, Pearson (2019)

Module has an active ELE page

Key words search

Financial Accounting, Financial Reports, Finance, Accounting, Accounting Principles

Credit value15
Module ECTS

7.5

Module pre-requisites

None

Module co-requisites

None

NQF level (module)

6

Available as distance learning?

Yes

Origin date

01/11/2019

Last revision date

12/08/2021