ACCT06020 2016 Financial Reporting 2

General Details

Full Title
Financial Reporting 2
Transcript Title
Financial Reporting 2
Code
ACCT06020
Attendance
N/A %
Subject Area
ACCT - Accounting
Department
BUS - Business
Level
06 - NFQ Level 6
Credit
05 - 05 Credits
Duration
Semester
Fee
Start Term
2016 - Full Academic Year 2016-17
End Term
9999 - The End of Time
Author(s)
Gary Reynolds, Helen Grady, Beatrice Flavin
Programme Membership
SG_BFINA_H08 201600 Bachelor of Business (Honours) in Finance and Investment SG_BEMBE_G07 201600 Bachelor of Business Embedded Award BB L7 in Finance and Investment SG_BEMBE_G06 201600 Higher Certificate in Business in Embedded Award BB(Hons) Finance and Investment SG_BACCO_H08 201800 Bachelor of Arts (Honours) in Business in Accounting L8
Description

Build on existing accounting knowledge so that the student can process  business transactions and prepare  financial statements.

Learning Outcomes

On completion of this module the learner will/should be able to;

1.

Prepare a bank reconciliation statement

2.

Prepare receivables ledger and payables ledger control accounts

3.

Record adjustments to a given Trial Balance and complete Financial Statements

4.

Apply best practice in the preparation of financial statements for different types of business structures.

Teaching and Learning Strategies

Upon completion of this modules students should be able to:

  1. Prepare a bank reconcilation statements
  2. Prepare Purchase and Sales control accounts
  3. Prepare finanical statements from trial balance with accrual and prepayment adjustments
  4. Prepare financial statements from incomplete records
  5. Explanation of the terminolgy particular to the structure and financial statements of a limited liability company

Module Assessment Strategies

Written exam which can be theoretical and /or numerical.

Repeat Assessments

Written exam which can be theoretical and /or numerical.

Module Dependencies

Co-requisites
None
Incompatibles
None

Indicative Syllabus

Preparation of a bank reconciliation statement

Preparation of a Receivables Ledger and a Payables Ledger control account.

Preparation of financial statements for a sole trader. 

Preparation of financial statements, for a sole trader, from incomplete records

Explanation of the terminolgy particular to the structure and financial statements of a limited liability company

 

 

 

 

Coursework & Assessment Breakdown

Coursework & Continuous Assessment
20 %
End of Semester / Year Formal Exam
80 %

Coursework Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Class quizzes/MCQ's Formative UNKNOWN - % OnGoing 1,2,3,4
2 Problem solving practice Formative UNKNOWN - % OnGoing 1,2,3,4
3 Written assessment including numerical and/or theoretical questions Continuous Assessment UNKNOWN 20 % Week 9 1,2,3

End of Semester / Year Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Final Exam Written assessment containing theoretical and/or numerical questions Final Exam UNKNOWN 80 % End of Year 1,2,3,4
             
             

Full Time Mode Workload


Type Location Description Hours Frequency Avg Workload
Independent Learning UNKNOWN Personal study 3 Weekly 3.00
Lecture Flat Classroom Lecture 1 Weekly 1.00
Lecture Flat Classroom Lecture 1 Weekly 1.00
Lecture Flat Classroom Lecture 1 Weekly 1.00
Lecture Flat Classroom Lecture 1 Weekly 1.00
Total Full Time Average Weekly Learner Contact Time 4.00 Hours

Required & Recommended Book List

Recommended Reading
2012-01-01 An Introduction to Financial Accounting McGraw Hill Higher Education
ISBN 9780077132682 ISBN-13 9780077132682

The new seventh edition of Introduction to Financial Accounting by Andrew Thomas and Anne Marie Ward has been fully revised and updated to reflect the very latest developments in this dynamic field and offers contemporary and comprehensive coverage of Financial Accounting today.

Module Resources

Non ISBN Literary Resources

Business Accounting 1  (IFRS edition) - Frank Wood and Alan Sangster

International Accounting Standards. IASB:

IAS 1 Presentation of Financial Statements             IAS 8    Accounting Policies

 

 

 

Other Resources

.

Additional Information

None