Overview:
- Credits:
- 5.0
- Level:
- 2
- Semester:
- Autumn
- Subject:
- Accountancy
- School:
- Business
- Coordinator:
- Professor Niamh Brennan
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Curricular information is subject to change
Having completed this course, students should be able to:
1. Record transactions using double entry
2. Understand the regulatory framework applying to financial reporting
3. Read an annual report and be familiar with its layout and content
4. Prepare income statements, balance sheets and statements of changes in equity in a form suitable for publication
5. Value some of the major assets and liabilities in the business
There are 15 topics in this module:
1. Revision of first year material / Double entry bookkeeping
2. Manufacturing accounts
3. Regulatory framework – legal, accounting standards
4. Format of published financial statements
5. International Accounting Standard 1 - Income statement
6. Reporting financial performance
7. International Accounting Standard 1 – Balance sheet
8. International Accounting Standard 1 – Statement of comprehensive income
9. International Accounting Standard 1 – Statement of changes in equity
10. International Accounting Standard 33 – Earnings per share
11. International Accounting Standard 16 – Non-current assets
12. International Accounting Standard 2 – Inventories; Trade receivables
13. International Accounting Standard 37 – Provisions
14. International Accounting Standard 37 – Contingencies
15. International Accounting Standard 10 – Events after the balance sheet date
Student Effort Type | Hours |
---|---|
Lectures | 24 |
Small Group | 12 |
Specified Learning Activities | 42 |
Autonomous Student Learning | 42 |
Total | 120 |
Level 1 Financial Accounting
Description | Timing | Component Scale | % of Final Grade | ||
---|---|---|---|---|---|
Multiple Choice Questionnaire: Multiple Choice Questionnaire | Week 4 | n/a | Graded | No | 20 |
Examination: End-of-trimester examination | 2 hour End of Trimester Exam | No | Graded | No | 70 |
Continuous Assessment: Annual Report Examination | Week 6 | n/a | Graded | No | 10 |
Resit In | Terminal Exam |
---|---|
Spring | Yes - 2 Hour |
• Group/class feedback, post-assessment
Students will receive grades for each component of the module. Following release of assignment grades, the lecturer will provide some observations to the class at lectures on student performance in the two mid-term assessments.
External & School Exams | Offering 1 | Week(s) - 4, 6 | Thurs 18:30 - 19:30 |
Lecture | Offering 1 | Week(s) - Autumn: All Weeks | Tues 09:00 - 10:50 |
External & School Exams | Offering 2 | Week(s) - 4, 6 | Thurs 18:30 - 19:30 |
Lecture | Offering 2 | Week(s) - Autumn: All Weeks | Wed 09:00 - 10:50 |
Small Group | Offering 1 | Week(s) - Autumn: All Weeks | Thurs 12:00 - 12:50 |
Small Group | Offering 2 | Week(s) - Autumn: All Weeks | Thurs 13:00 - 13:50 |
Small Group | Offering 3 | Week(s) - Autumn: All Weeks | Tues 12:00 - 12:50 |
Small Group | Offering 4 | Week(s) - 1, 2, 3, 4, 5, 6, 7, 9, 10, 11, 12 | Mon 11:00 - 11:50 |
Small Group | Offering 5 | Week(s) - 1, 2, 3, 4, 5, 6, 7, 9, 10, 11, 12 | Mon 13:00 - 13:50 |
Small Group | Offering 6 | Week(s) - 1, 2, 3, 4, 5, 6, 7, 9, 10, 11, 12 | Mon 14:00 - 14:50 |
Small Group | Offering 7 | Week(s) - 1, 2, 3, 4, 5, 6, 7, 9, 10, 11, 12 | Mon 10:00 - 10:50 |
Small Group | Offering 8 | Week(s) - Autumn: All Weeks | Thurs 11:00 - 11:50 |
Small Group | Offering 9 | Week(s) - Autumn: All Weeks | Thurs 15:00 - 15:50 |
Small Group | Offering 10 | Week(s) - Autumn: All Weeks | Tues 13:00 - 13:50 |
Small Group | Offering 11 | Week(s) - Autumn: All Weeks | Thurs 14:00 - 14:50 |