ACC30020 Financial Accounting 3

Academic Year 2023/2024

This module develops students' knowledge of financial accounting and reporting by building on foundations laid at Levels 1 and 2. The module aims to improve students' ability to apply accounting methods to more challenging transactions of companies and for more complex corporate structures than dealt with previously. The module focuses on the financial reporting standards used by EU companies to report financial information. The module also develops students' ability to critically appraise the financial reporting framework and standards used by companies. Topics covered include the usefulness of financial reporting, i.e. the role of financial reporting in investment and other decision-making; the financial reporting regulatory framework; concepts such as faithful representation (including substance over form) and relevance; preparation of group accounts; accounting for financial instruments, intangible assets, leases, pensions, foreign currencies.

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Curricular information is subject to change

Learning Outcomes:

On completion of this module, students should be able to: 1. Understand and coherently discuss the role and limitations of financial reporting. 2. Prepare group (consolidated) accounts for simple group structures incorporating subsidiaries and associated companies. 3. Present company and consolidated Income Statements and Statements of Financial Position to shareholders in compliance with financial reporting standards. 4. Account for advanced-level transactions in areas such as financial instruments, foreign currency, leases, pensions and intangible assets. 5. Understand and critically evaluate key trends in financial reporting standard-setting 6. Understand public interest implications of financial reporting.

Student Effort Type Hours
Lectures

24

Small Group

12

Specified Learning Activities

24

Autonomous Student Learning

60

Total

120

Requirements, Exclusions and Recommendations
Learning Recommendations:

Level 2 Financial Accounting (ACC20010/ ACC20020)


Module Requisites and Incompatibles
Incompatibles:
SMGT10010 - Financial Management of Sport, SMGT30190 - Adv Financial Mgt of Sport


 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Examination: Final examination - 2 hour written paper 2 hour End of Trimester Exam No Standard conversion grade scale 40% No

85

Continuous Assessment: Class test Week 8 n/a Standard conversion grade scale 40% No

15


Carry forward of passed components
No
 
Resit In Terminal Exam
Autumn Yes - 2 Hour
Feedback Strategy/Strategies

• Feedback individually to students, post-assessment

How will my Feedback be Delivered?

Not yet recorded.

Name Role
Dr Collette Kirwan Lecturer / Co-Lecturer
Dr John McCallig Tutor
Spring
     
External & School Exams Offering 1 Week(s) - 30 Tues 18:30 - 19:30
Lecture Offering 1 Week(s) - 20, 21, 22, 23, 24, 25, 26, 29, 30, 31, 32, 33 Wed 13:00 - 14:50
Small Group Offering 1 Week(s) - 20, 21, 22, 23, 24, 25, 26, 29, 30, 31, 32, 33 Thurs 16:00 - 16:50
Small Group Offering 2 Week(s) - 20, 21, 22, 23, 24, 25, 26, 29, 30, 31, 32, 33 Thurs 15:00 - 15:50
Small Group Offering 3 Week(s) - 20, 21, 22, 23, 24, 25, 26, 29, 30, 31, 32, 33 Thurs 11:00 - 11:50
Small Group Offering 4 Week(s) - 20, 21, 22, 23, 24, 25, 26, 29, 30, 31, 32, 33 Thurs 12:00 - 12:50
Spring
     

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